Anil Singhvi’s Strategy February 5: Day support zone on Nifty is 14,725-14,800 & Bank Nifty is 34,750-35,000

Amid positive global markets, foreign institutional investors (FIIs), sentiment, negative domestic institutional investors (DIIs) and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Friday, February 5, 2021.

Benchmark indices surged to record high levels on Thursday, February 4, 2021. The Nifty closed a tad below the crucial 14,900-mark after scaling that level in intraday trade. The S&P BSE Sensex added 358.54 points or 0.71% at 50,614.29. The Nifty 50 index surged 105.70 points or 0.71% at 14,895.65. The Bank Nifty rose 586.35 points, or 1.69 per cent, to settle at 35,344.80.

See Zee Business Live TV Streaming Below:

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 5:

Day support zone on Nifty is 14,725-14,800, below that 14,575-14,650 is strong Buy zone.

Day higher zone on Nifty is 14,975-15,050, above that 15,100-15,150 is strong profit-booking zone.

Day support zone on Bank Nifty is 34,750-35,000, Below that 34250-34500 strong Buy zone

 Above 35,500 no visible resistance.

Small Day Range for trading on Nifty is 14,870-14,975, while the medium and bigger trading ranges are 14,800-15,000 and 14,725-15,100, respectively.

Small Day Range for trading on Bank Nifty is 35,000-35,650, while the medium and bigger trading ranges are 34,750-35,850 and 34,000-36,000, respectively.

Big decrease in FIIs Index long at 63% Vs 71%.

PCR up at 1.62 Vs 1.46.

VIX down by 3% at 23.12.

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,775.

Bank Nifty intraday and closing stop loss are 34,750.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,000.

Bank Nifty intraday and closing stop loss are 35,500.

For New Positions:

Buy Nifty with a stop loss of 14,775 and target 14,950, 15,000, 15,050, 15,100, 15,125.

Sell Nifty in 15,075-15,125 range with a stop loss of 15,150 and target 15,025, 15,000, 14,950, 14,900.

For New Positions:

Buy Bank Nifty with a stop loss of 34,750 and target 35,650, 35,750, 35,850, 35,950.

F&O Ban Update:

Already In Ban: SAIL

New In Ban: PNB

Out Of Ban: NIL

Stove Kraft Listing Preview:

Probable listing in 450-480 range, Keep strict Stop loss of 425.