Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,200-23,350 levels and a stronger support zone at 23,000-23,100 levels for the headline Nifty50 index on Monday, January 13. For the Nifty Bank, he expects support at 48,350-48,500 levels and a stronger support zone at 48,000-48,175 levels. 

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The market wizard points out that DIIs' strong net buying of almost Rs 4,000 crore on Friday is making up for FIIs' selling to the tune of Rs 2,255 crore.

The Nifty appears to be near important support at the current juncture, with sentiment supported by macroeconomic data given a significant pickup in the country's industry production growth.

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

  • Global: Negative
  • FII: Neutral
  • DII: Negative
  • F&O: Neutral
  • Sentiment: Negative
  • Trend: Neutral
  • FII long positions unchanged at 16 per cent as before the previous session
  • Nifty put-call ratio (PCR) at 0.88 vs 0.92
  • Nifty Bank PCR at 0.58 vs 0.66
  • Volatility index India VIX up two per cent at 14.92

The market wizard sees a higher zone at 23,425-23,525 levels and a strong sell zone at 23,550-23,650 levels for the headline index.  

For the banking index, he sees a higher zone at 49,225-49,375 levels and a strong sell zone at 49,500-49,650 levels.

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

  • Nifty intraday stop loss at 23,250 and closing stop loss at 23,325
  • Nifty Bank intraday and closing stop loss at 48,600

For existing short positions:

  • Nifty intraday and closing stop loss at 23,600
  • Nifty Bank intraday stop loss at 49,000 and closing stop loss at 49,500

For new positions in Nifty50:

  • Aggressive traders can sell Nifty in the 23,500-23,600 range with a strict stop loss at 23,700 for targets of 23,425, 23,350, 23,300, 23,265, 23,200 and 23,100
  • Aggressive traders can buy Nifty in the 23,100-23,250 range with a strict stop loss at 23,000 for targets of 23,300, 23,350, 23,425, 23,500, 23,550 and 23,600

For new positions in Nifty Bank:

  • Aggressive traders can sell Nifty Bank in the 49,375-49,500 range with a strict stop loss at 49,850 for targets of 49,225, 49,075, 48,750, 48,625, 48,500 and 48,350
  • Aggressive traders can buy Nifty Bank in the 48,350-48,500 range with a strict stop loss at 48,100 for targets of 48,625, 48,725, 48,975, 49,225, 49,375, 49,475 and 49,800

Stocks in F&O ban ​

  • Already in ban: L&T Finance, Bandhan Bank, Hindustan Copper, RBL Bank, Manappuram Finance
  • New in ban: None
  • Out of ban: None

Stock of the Day: Biocon

Buy Biocon futures with a stop loss at Rs 353 for targets of Rs 373, Rs 379 and RS 382

  • Biologics Insulins facilities in Malaysia have received VAI classification from the US FDA for its inspection held in September 
  • Bank of America has maintained a 'buy' rating and raised its target price by Rs 35 to Rs 435   

DMart Results Review

  • D-Mart futures have support at Rs 3,500, Rs 3,430 and Rs 3,410
  • A higher level is expected at Rs 3,775
  • The company's operational performance is weak due to its investments in D-Mart Ready
  • The change in MD and CEO's position from February 2026 is not negative as it is along expected lines 
  • The stock may fall 4-6 per cent on weak results
  • Lower levels will give a good opportunity to invest

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