Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,450-23,525 levels and a stronger support zone at 23,250-23,350 levels for the headline Nifty50 index on Tuesday, December 31. For the Nifty Bank, he expects support at 50,550-50,725 levels and a strong support zone at 50,175-50,375 levels. 

Here's how the market guru sums up the trade setup this morning: 

  • Global: Negative
  • FII: Negative
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Neutral
  • FII long positions at 14 per cent vs 17 per cent before Monday's session
  • Nifty put-call ratio (PCR) at 0.88 vs 1.03
  • Nifty Bank PCR at 0.96 vs 1.03
  • Volatility index India VIX up 5.5 per cent at 13.97 

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The market wizard sees a higher zone for the headline index at 23,650-23,725 levels and a strong sell zone at 23,750-23,870 levels. For the banking index, he sees a higher zone at 51,025-51,175 levels and a profit-booking zone at 51,250-51,425 levels.

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

  • Nifty intraday stop loss at 23,500 and closing stop loss at 23,575
  • Nifty Bank intraday stop loss at 50,600 and closing stop loss at 50,700

For existing short positions:

  • Nifty intraday and closing stop loss at 23,825
  • Nifty Bank intraday and closing stop loss at 51,625

For new positions in Nifty50:

  • Sell Nifty with a stop loss at 23,825 for targets of 23,575, 23,525, 23,500, 23,450, 23,350 and 23,275
  • The best range to buy Nifty is 23,265-23,350 with a stop loss at 23,200 for targets of 23,450, 23,500, 23,575, 23,600, 23,650 and 23,725
  • Aggressive traders can buy Nifty in the 23,350-23,500 range with a strict stop loss at 23,200 for targets of 23,575, 23,650, 23,725, 23,750, 23,800 and 23,850

For new positions in Nifty Bank:

  • Sell Nifty Bank with a stop loss at 51,325 for targets of 50,750, 50,625, 50,550, 50,450, 50,375, 50,175 and 50,000
  • The best range to buy Nifty Bank is 49,800-50,075 with a stop loss at 49,700 for targets of 50,175, 50,375, 50,450, 50,600, 50,700 and 50,775
  • Aggressive traders can buy Nifty Bank in the 50,450-50,625 range with a strict stop loss at 50,350 for targets of 50,750, 50,950, 51,025, 51,125, 51,250 and 51,325

No stock in F&O ban ​

New Year Picks

Buy Lupin futures 

  • Support at Rs 2,285 and Rs 2,270 levels
  • Accumulate the stock on dips
  • Higher levels are expected at Rs 2,350 and Rs 2,375
  • The company has acquired Huminusulin from Eli Lilly to enhance its diabetes care portfolio

Buy InterGlobe shares for targets of Rs 5,300, Rs 5,800 and Rs 6,500

  • SIP on every 10 per cent fall
  • The company has continuously held more than 60 per cent market share
  • Strong market leadership makes expansion easy at the airline 
  • It is more challenging for competitors to enhance their capacities
  • IndiGo plans to boost its international capacity by 30 per cent
  • The company has forayed into business class as well
  • The airline's margin is set to increase with easing crude oil prices

Buy Asian Paints shares for targets of Rs 2,600, Rs 2,750, Rs 3,000 and Rs 3,300

  • SIP on every 10 per cent fall
  • The stock has disappointed investors for years
  • A fall has brought it to attractive levels
  • Extremely strong brand
  • Lower crude oil prices make an 18-20 per cent market target easy
  • A 1.5 per cent hike in product prices is set to benefit its profitability
  • The company's new premium products are also a positive 
  • There are signs of improving household and urban demand for the company's products
  • New competitors will have to think of ways to boost their profitabilities

Buy HPCL shares for targets of Rs 475, Rs 525 and Rs 600

  • SIP on every 10 per cent fall
  • The OMC's marketing margin has hit a lifetime high
  • Weak crude oil prices are set to continue to support its margin
  • The big capex plan is set to benefit HPCL
  • The recent correct has brought the stock at favourable levels

Big Investment Theme of 2025 

  • In Donald Trump's administration, a rally in crude oil prices is set to end
  • Crude oil fundamentals look weak
  • Everyone is focused on renewable energy
  • In 2025, one can expect crude oil prices to decline to the $55-60 per barrel range
  • A falling cost of crude oil to benefit consumers 

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