Anil Singhvi’s Strategy February 25: Day support zone on Nifty is 14900-14975 & Bank Nifty is 36000-36100

Amid positive global markets, neutral foreign institutional investors (FIIs), futures & options (F&O) and domestic institutional investors (DIIs) cues and positive sentiments, the short-term trend of the Indian stock markets will be Neutral on Thursday, February 25, 2021.

The Sensex and Nifty on Wednesday, February 24, 2021, ended in the green. The BSE Sensex gained over 1030 points, or 2.07 per cent, closing at 50,781.61 and the NSE Nifty was up by over 274 points or 1.84 per cent to trade at 14,982. The Bank Nifty lost 187 points, or 0.51 per cent, to close at 36,911. 

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 25:

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

Nifty 15075-15115 Day higher zone, Above that 15165-15200 profit-booking zone

Bank Nifty 36000-36100 Day support zone, Below that 35700-35900 strong support zone

Bank Nifty 36750-36900 Day higher zone, Above that 37100-37300 profit-booking zone

Nifty 14900-15075 Small Day Range, 14850-15115 Medium Range, 14800-15165 Bigger Range

Bank Nifty 36100-36900 Small Day Range, 35900-37100 Medium Range, Big Range 35700-37300

FIIs increased Index long at 64% vs 63%

PCR at 1.36 vs 1.06

India VIX down by 4% at 24.16

For Existing Long Positions:

Nifty Intraday n Closing SL 14900

Bank Nifty Intraday and closing SL 36000

For Existing Short Positions:

Nifty Intraday SL 15075 n Closing SL 15125

Bank Nifty Intraday and closing SL 36600

For New Positions:

Buy Nifty:

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

Sell Nifty in 15165-15200 range:

SL 15250 Tgt 15115, 15075, 15025, 14980

For New Positions:

Buy BankNifty:

SL 36000 Tgt 36575, 36750, 36900, 37000, 37100, 37300

Sell Bank Nifty in 37000-37300 range:

SL 37400 Tgt 36900, 36775, 36600, 36500, 36375