Anil Singhvi’s Strategy February 26: Day support zone on Nifty is 14,800-14,900 & Bank Nifty is 35,600-35,850

Amid negative global markets, domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, February 26, 2021. 

Key benchmark indices ended with strong gains on Thursday, February 25, 2021, rising for the third consecutive session. The S&P BSE Sensex rallied 257.62 points or 0.51 per cent at 51,039.31. The Nifty 50 index added 115.35 points or 0.77 per cent to end at 15,097.35. Bank Nifty ended 96.70 points or 0.27 per cent higher at 36,549.  

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The broader market at BSE also climbed but underperformed the Sensex. The BSE Mid-Cap index gained 1.09 per cent while the BSE Small-Cap index appreciated 1.42 per cent.  

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 26: 

Day support zone on Nifty is 14,800-14,900, below that 14,650-14,725 is strong support zone.

Day higher zone Nifty is 15,000-15,075, above that 15,115-15,165 is profit-booking zone. 

Day support zone on Bank Nifty is 35,600-35,850, below that 35,125-35,275 is strong support zone.

Day higher zone Bank Nifty is 36,450-36,550, above that 36,900-37,100 is profit-booking zone.

The small day range on Nifty is 14,850-15,000, while the medium and bigger ranges are 14,800-15,065 and 14,725-15,115, respectively.

The small day range on Bank Nifty is 35,850-36,450, while the medium and bigger ranges are 35,600-36,550 and 35,300-36,750, respectively.

FIIs increased Index long at 76% vs 64%.

PCR at 1.35 vs 1.36.

India VIX down by 5% at 22.89.

 For Existing Long Positions:

Nifty intraday and closing stop loss are 14,975.

Bank Nifty intraday and closing stop loss are 36,000

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,100.

Bank Nifty intraday and closing stop loss are 36,550.

For New Positions:

 Sell Nifty with a stop loss of 15,100 and target 14,900, 14,850, 14,800, 14,725. 

Buy Nifty in 14650-14725 range with stop loss 14,600 and target 14,800, 14,850, 14,900, 14,975.

For New Positions:

Sell Bank Nifty with a stop loss of 36,550 and target 36,000, 35,850, 35,600, 35,500, 35,300. 

Buy Bank Nifty in 35,300-35,600 range with a stop loss of 35,000 and target 35,500, 35,575, 35,675, 35,825, 36,000. 

F&O Ban Update:

New In Ban: Nil

Already In Ban: Nil

Out Of Ban: PNB, SAIL

RailTel Listing Preview:

Expected to list in 105-115 range

Short term Investors keep SL of 100

Long term Investors can hold