Anil Singhvis Strategy February 25: Day support zone on Nifty is 16,000-16,200

Amid neutral global markets, future & options (F&O), negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs) and cautious sentiment cues, the short-term trend of the Indian stock markets will be negative on Friday, February 25, 2022. 

The Stock, bond and commodity markets around the world have been rattled after Russia declared war on Ukraine sending stocks tumbling and crude oil prices surging. And in the international market, Brent crude futures breached one hundred dollars a barrel for the first time since 2014.

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The Indian stock market on Thursday, February 24, 2021, saw the biggest fall in two years. Benchmark indices declined for the seventh consecutive trading session as tensions between Russia and Ukraine escalated. The barometer index, the S&P BSE Sensex, tumbled 2,702.15 points or 4.72% at 54,529.921. The Nifty 50 index slumped 815.30 points or 4.78% at 16,247.95. The Bank Nifty index declined 2,163.95 points or 5.79% to end at 35,228.10.

In the broader market, the S&P BSE Mid-Cap index cracked 5.53% while the S&P BSE Small-Cap index dropped 5.77%. 

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

Day support zone on Nifty is 16,000-16,200, below that 15,625-15,750 is a strong Buy zone.

Nifty higher zone 16,400-16,600, 16,800-16,850, 16,975-17,075.

Bank Nifty support zone 34,700-34,975, 34,400-34,600, 33,900-34,025.

Bank Nifty higher zone 35,475-35,550, 35,850-35,975, 36,375-36,650.

Bank Nifty support levels 34,975, 34,850, 34,700, 34,600, 34,450, 34,400, 34,025, 33,900.

Bank Nifty higher levels 35,550, 35,625, 35,700, 35,850, 35,900, 35,975, 36,025, 36,200, 36,365, 36,425, 36,500, 36,650.

FIIs long position at 48% Vs 55%

PCR at 0.98 Vs 0.91

India VIX up 30% at 31.98

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 16,150.

Bank Nifty Intraday and Closing stop loss are 34,900.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 16,850.

Bank Nifty Intraday and Closing stop loss are 36,050.

For New Positions:

Aggressive Traders Buy Nifty with a strict stop loss of 16,150 and target 16,400, 16,500, 16,600, 16,675, 16,775, 16,850.

Sell Nifty in 16,775-16,850 range with a stop loss of 17,000 and target 16,700, 16,625, 16,425, 16,250.

For New Positions:

Aggressive Traders Buy Bank Nifty with a strict stop loss of 34,900 and target 35,550, 35,700, 35,850, 35,900, 35,975, 36,025, 36,200.

Sell Bank Nifty in 36,365-36,650 range with a strict stop loss of 36,750 and target 36,200, 36,025, 35,975, 35,900, 35,850, 35,700, 35,550.

F&O Ban Update:

Out Of Ban: Indiabulls Housing Finance, PNB, Vodafone Idea