Anil Singhvi’s Strategy February 22: Day support zone on Nifty is 14900-14975 & Bank Nifty is 35550-35600

Amid neutral global markets, negative domestic institutional investors (DIIs), positive foreign institutional investors (FIIs) and futures & options (F&O), neutral sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, February 22, 2021.

The Sensex and Nifty ended in the red on Friday, February 19, 2021. The Sensex at the Bombay Stock Exchange declined 434.93 points, or 0.85 per cent, to close, at 50,889.76. The Nifty dropped 137.20 points, or 0.91 per cent, to 14,981.75.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 22:

Nifty 14900-14975 Day support zone, Below that 14800-14850 strong Buy zone

Nifty 15075-15115 Day higher zone, Above that 15165-15210 profit-booking zone

BankNifty 35550-35600 Day support zone, Below that 35200-35350 strong support zone

BankNifty 36100-36350 Day higher zone, Above that 36400-36575 profit-booking zone

Nifty 14975-15075 Small Day Range, 14900-15115 Medium Range, 14825-15165 Bigger Range

Bank Nifty 35600-36100 Small Day Range, 35350-36350 Medium Range, Big Range 35200-36400

FIIs Index long unchanged at 61%

PCR light at 1.19 vs 1.40

India VIX up 3% at 22.25

For Existing Long Positions:

Nifty Intraday n Closing SL 14900

BankNifty Intraday SL 35550 and closing SL 35750

For Existing Short Positions:

Nifty Intraday n Closing SL 15125

BankNifty Intraday and closing SL 36150

For New Positions:

Buy Nifty:

SL 14900 Tgt 15075, 15115, 15165, 15200, 15240

Sell Nifty in 15165-15210 range:

SL 15250 Tgt 15115, 15075, 15025, 14975, 14900

For New Positions:

Buy BankNifty:

SL 35550 Tgt 36000, 36100, 36350, 36400, 36575

Sell Bank Nifty in 36350-36500 range:

SL 36600 Tgt 36100, 36000, 35850, 35750, 35600

Total 4 stocks in F&O Ban:

New In Ban: Nil

Already In Ban: BHEL, Canara Bk, Idea, SAIL

Out Of Ban: Nil