Anil Singhvi’s Strategy February 9: Day support zone on Nifty is 15,000-15,050 & Bank Nifty is 35,650-35,850

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 Tuesday, February 9, 2021.

The Sensex and Nifty climbed for the sixth straight session on Monday, February 8, 2021, amid positive global market cues. The Sensex close above 51,300-mark while the Nifty settled above 15,100 level. The BSE S&P Sensex climbed 617 points, or 1.22 per cent, to finish at 51,349. The NSE Nifty also surged 192 points, or 1.28 per cent, to end at 15,116. The indices have surged about 10.9% in six consecutive sessions.

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The Bank Nifty rose 329 points, or 0.92 per cent, to close at 35,983.65. The broader market at BSE also gained out-performing the Sensex. The BSE Mid-Cap index rose 1.5 per cent and the BSE Small-Cap index appreciated 1.53 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 9:

Day support zone on Nifty is 15,000-15,050, below that 14,900-14,925 is strong Buy zone.

Day higher zone on Nifty is 15,200-15,250, above that 15,300-15,350 is profit-booking zone.

Day support zone on Bank Nifty is 35,650-35,850, below that 35,350-35,550 is strong Buy zone.

Higher zone on Bank Nifty is 36,450-36,600.

Small Day Range for trading on Nifty is 15,050-15,150, while the medium and bigger day ranges are 15,000-15,200 and 14,925-15,250, respectively.

Small Day Range for trading on Bank Nifty is 35,650-36,450, while the medium and bigger day ranges are 35,550-36,600 and 35,350-36,800, respectively.

FIIs increased Index long at 64% Vs 62%.

PCR at 1.52 Vs 1.41.

VIX up by 2% at 23.96.

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,000.

Bank Nifty intraday and closing stop loss are 35,650.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,200.

Bank Nifty intraday and closing stop loss are 36,600.

For New Positions:

Buy Nifty in 15,000-15,050 range with a stop loss of 14,900 and target 15,100, 15,150, 15,200, 15,250.

Sell Nifty in 15,250-15,300 range with a stop loss of 15,350 and target 15,175, 15,125, 15,050.

For New Positions:

Buy Bank Nifty in 35,550-35,650 range with a stop loss of 35,350 and target 35,850, 35,975, 36,150, 36,300, 36,450, 36,600. 

Sell Bank Nifty in 36,450-36,600 range with a stop loss of 36,700 and target 36,300, 36,150, 36,000, 35,900.

Total 3 stocks in F&O Ban:

New In Ban: SUN TV

Out Of Ban: PNB

Already In Ban: SAIL, BHEL