Anil Singhvi strategy today, October 14: Check Nifty and Bank Nifty support and buy levels

Anil Singhvi strategy today, October 14: Amid positive global cues and negative FIIs and positive DIIs activities, the short term trend for the Indian stock market is positive, according to Zee Business Managing Editor Anil Singhvi. At 8:00 am, SGX Nifty was trading at 17,296.5 up by 339.5 points or 2 per cent. Dow Futures and Nasdaq Futures were quoting positive, up by nearly 0.57 per cent to 30262 and 0.54 per cent to 11,143.75, respectively. Earlier on Thursday, the 30-share BSE Sensex declined 390.58 points or 0.68 per cent to settle at 57,235.33. The broader NSE Nifty fell 109.25 points or 0.64 per cent to end at 17,014.35. Meanwhile, US stocks ended sharply higher on Thursday as investors pulled back from bearish bets after a disappointing consumer prices report and as technical support helped drive a rebound. The S&P 500 gained 92.88 points, or 2.60 per cent, to end at 3,669.91 points, while the Nasdaq Composite gained 232.053 points, or 2.23 per cent, to 10,649.152. The Dow Jones Industrial Average rose 827.87 points, or 2.83 per cent, to 30,038.72. Asia-pacific markets too are hinting for a gap-up start as Japan's Nikkei 225 was 2.69 per cent higher and South Korea’s Kospi advanced around 2 per cent in early trade.

Given below is Anil Singhvi's strategy for Friday, October 14:  

Global: Positive
FII:  Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive  

Nifty support zone 17075-17125, Below that 16950-17025 Strong Buy zone

Nifty higher zone 17225-17275, Above that 17325-17425 Profit booking zone

Bank Nifty support zone 38725-38800, Below that 38500-38625 Strong Buy zone

Bank Nifty higher zone 39100-39300 and 39500-39600, Above that 39700-39900 Profit booking zone

Nifty support levels 17125, 17075, 17025, 17000, 16950

Nifty higher levels 17175, 17225, 17250, 17275, 17325, 17375, 17425

Bank Nifty support levels 38950, 38800, 38725, 38625, 38550, 38450

Bank Nifty higher levels 39100, 39175, 39225, 39300, 39500, 39550, 39600, 39900

FIIs Index Long unchanged at 19%
PCR at 1.06 Vs 0.95
BankNifty PCR at 0.74 Vs 0.99
India VIX up by 0.5% at 20.29

For Existing Long Positions:

Nifty Intraday n Closing SL 16950
BankNifty Intraday n Closing SL 38400

For Existing Short Positions:

Nifty Intraday n Closing SL 17350    
BankNifty Intraday n Closing SL 39350

For New Positions:

Buy Nifty:
SL 16950 Tgt 17250, 17275, 17325, 17375, 17425

Aggressive Traders Sell Nifty in 17325-17425 range:
Strict SL 17500 Tgt 17275, 17250, 17225, 17175, 17125, 17075

For New Positions:

Buy BankNifty:

SL 38600 Tgt 39175, 39225, 39300, 39500, 39550, 39600, 39700, 39900

Aggressive Traders Sell BankNifty in 39500-39600 range:
Strict SL 39700 Tgt 39300, 39225, 39175, 39100, 38950, 38800

F&O Ban Update:

Already In Ban: Delta Corp, Indiabulls housing finance
New In Ban: Nil
Out Of Ban: Nil