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.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.