Anil Singhvi strategy for February 20: Important market triggers, key levels to watch out for in Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,800-17,850 levels on Monday, February 20, and a strong buy zone in the 17,725-17,775 band. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 40,750-40,900 levels, and a strong buy zone in the 40,525-40,675 area. 

Here's how Anil Singhvi sums up the market setup on February 20: 

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Cautious

• Sentiment: Positive

• Trend: Neutral

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 18,000-18,035 levels and a profit-booking zone at 18,100-18,125 levels.​ For the banking index, he sees a higher zone at 41,275-41,425 and a strong sell area in the 41,500-41,675 range.

• FII index longs at 23 per cent on Monday vs 26 per cent on Friday
• Put-call ratio (PCR) at 0.88 vs 1.04 on Friday
• Nifty Bank at 0.6 vs 0.72 on Friday
• Fear index India VIX up 1.51 per cent at 13.08

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 17,800

• Nifty Bank intraday stop loss at 40,750 and closing stop loss at 41,000

For existing short positions:

• Nifty intraday and closing stop loss at 18,150

• Nifty Bank intraday stop loss at 41,650 and closing stop loss at 41,500

For new positions in Nifty:

• Buy Nifty in the 17,825-17,900 range with a stop loss at 17,725 for targets of 17,950, 18,000, 18,035, 18,100 and 18,125

• Sell Nifty in the 18,035-18,125 range with a stop loss at 18,200 for targets of 18,000, 17,950, 17,925, 17,875, 17,850 and 17,800

For new positions in Nifty Bank:

• Buy Nifty Bank in the 40,750-40,900 range with a stop loss at 40,600 for targets of 41,100, 41,200, 41,250, 41,375, 41,425 and 41,500

• Sell Nifty Bank in the 41,450-41,625 range with a stop loss at 41,800 for targets of 41,375, 41,250, 41,200, 41,125 and 40,900

F&O ban update

• Already in ban: IB Housing Finance, Ambuja Cements

• New in ban: None

• Out of ban: PNB, BHEL

STOCKS OF THE DAY

• Buy Shriram Finance futures with a stop loss at Rs 1,225 for targets of Rs 1,250, Rs 1,260 and Rs 1,275

• Sell Cipla futures with a stop loss at Rs 1,040 for targets of Rs 1,010, Rs 1,000 and Rs 990; US drug regulator issues eight observations in the company's Pitampura manufacturing facility 

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