Anil Singhvi’s Strategy February 19: Day support zone on Nifty is 14,975-15,065 & Bank Nifty is 36,325-36,400

Amid negative global markets, domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), futures & options (F&O) and sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, February 19, 2021.

The Sensex and Nifty posted third straight day losses, on Thursday, February 18, 2021. The Sensex at the Bombay Stock Exchange declined 379 points, or 0.7 per cent, to close, at 51,325. The Nifty dropped 90 points, or 0.6 per cent, to 15,119. But the broader market outperformed the Senex, with both the BSE Mid-cap and Small-cap indices rising 0.7 per cent, higher.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 19:

Day support zone on Nifty is 14,975-15,065, below that 14,850-14,900 is strong Buy zone. 

Day higher zone on Nifty is 15,200-15,240, above that 15,315-15,340 is profit-booking zone

Day support zone on Bank Nifty is 36,325-36,400, below that 35,800-36,100 is strong Buy zone.

Day higher zone on Bank Nifty is 36,750-36,900, above that 37,100-37,300 is profit-booking zone.

The small day range for trading on Nifty is 15,065-15,165, while the medium and bigger day ranges are 15,000-15,200 and 14,975-15,240, respectively. 

The small day range for trading on Bank Nifty is 36,400-36,750, while the medium and bigger day ranges are 36,100-36,900 and 35,800-37,100, respectively. 

FIIs Index long at 61% vs 62%

PCR at 1.40 vs 1.17

India VIX unchanged at 21.54

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,950.

Bank Nifty intraday and closing stop loss are 36,350.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,250.

Bank Nifty intraday stop loss is 36,800 and closing stop loss is 37,100.

For New Positions: 

Buy Nifty in 14975-15025 range with a stop loss of 14,925 and target 15,065, 15,115, 15,165, 15,200, 15,240. 

Sell Nifty in 15,200-15,240 range with a stop loss of 15,325 and target 15,115, 15,075, 15,025, 14,975.

For New Positions:

Buy Bank Nifty in 35,800-36,100 range with a stop loss of 35,700 and target 36,225, 36,325, 36,400, 36,500, 36,600. 

Sell Bank Nifty in 36,900-37,100 range with a stop loss of 37,350 and target 36,750, 36,600, 36,500, 36,400.

Total 4 stocks in F&O Ban:

New in Ban: BHEL, Canara Bank

Already in Ban: Idea, SAIL

Out of Ban: PNB