Anil Singhvi strategy June 13: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the Nifty index at 18,475-18,550 levels on Tuesday, June 13. For the Nifty Bank, the market guru sees support at 43,750-43,875 levels and a strong buy zone at 43,525-43,675 levels. 

Here's how Anil Singhvi sums up the market setup:

• Global: Positive

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

  

For the 50-scrip headline index, he expects a higher zone at 18,640-18,690 levels and a strong sell zone at 18,725-18,775 levels.​ For the banking index, he sees a higher zone at 44,125-44,275 levels and a strong sell zone at 44,375-44,500 levels.   

• FII index longs at 49 per cent vs 46 per cent the previous day

• Nifty put-call ratio (PCR) for all contracts at 0.92 vs 0.84 

• Nifty Bank PCR for all contracts at 0.78 vs 0.77 

• Fear index India VIX up 1.12 per cent at 11.25

ANIL SINGHVI MARKET STRATEGY

The market wizard points out that there are three positive developments for the economy, in the form of easing inflation, strong industrial production and a one-and-a-half-year low in crude oil prices. Global markets are looking strong ahead of the Fed policy review and FII outflows reducing for Dalal Street, he says. 

Singhvi sees selective buying opportunities in midcap and smallcap stocks. Traders need not worry as long as the Nifty and the Nifty Bank stay above 18,450 and 43,650 levels on a closing basis respectively, he adds.   

For existing long positions:

• Nifty intraday and closing stop loss at 18,450

• Nifty Bank intraday and closing stop loss at 43,650

For existing short positions:

• Nifty intraday stop loss at 18,800 and closing stop loss at 18,725

• Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

• Buy Nifty with a stop loss at 18,500 for targets of 18,635, 18,660, 18,690, 18,725 and 18,775

• Sell Nifty in the 18,690-18,775 range with a strict stop loss at 18,825 for targets of 18,640, 18,600, 18,575, 18,550, 18,535 and 18,500

For new positions in Nifty Bank:

• Buy Nifty Bank in the 43,675-43,825 range with a stop loss at 43,500 for targets of 43,875, 43,925, 43,975, 44,025, 44,075 and 44,125

• Aggressive traders can buy Nifty Bank with a strict stop loss at 43,775 for targets of 44,075, 44,125, 44,175, 44,225, 44,275, 44,340, 44,425 and 44,475

• Sell Nifty Bank in the 44,275-44,425 range with a stop loss at 44,550 for targets of 44,225, 44,175, 44,125, 44,075, 44,025, 43,950, 43,875 and 43,825

F&O ban update:

• New in ban: Delta Corp
• Already in ban: Indiabulls Housing Finance, India Cements, IEX
• Out of ban: None

Stocks of the day:

Buy Hero MotoCorp futures with a stop loss at Rs 2,900 for targets of Rs 2,970, Rs 2,995 and Rs 3,020

• Strong commentary by management on investors' day

Buy Mankind Pharma with a stop loss at Rs 1,465 for targets of Rs 1,488, Rs 1,500 and Rs 1,510

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