Anil Singhvi Market Strategy January 14: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Learn more about his views on key support and resistance levels for the Nifty and the Nifty Bank, and what he makes of the market now.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 22,800-23,050 levels and a strong buy zone at 22,500-22,750 levels for the headline Nifty50 index on Tuesday, January 14. For the Nifty Bank, he expects support at 47,625-47,775 levels and a strong buy zone at 47,100-47,375 levels.
Here's how the market guru sums up the trade setup this morning:
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Global: Positive
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FII: Negative
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DII: Positive
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F&O: Neutral
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Sentiment: Negative
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Trend: Negative
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FII long positions at 15 per cent vs 16 per cent before the previous session
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Nifty put-call ratio (PCR) at 0.72 vs 0.88
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Nifty Bank PCR at 0.56 vs 0.58
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Volatility index India VIX up seven per cent at 16.00
The market wizard sees a higher zone at 23,250-23,425 levels and a strong sell zone at 23,500-23,600 levels for the headline index.
For the banking index, he sees a higher zone at 48,600-48,750 levels and a strong sell zone at 49,225-49,475 levels.
ANIL SINGHVI MARKET STRATEGY
For existing long positions:
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Nifty intraday stop loss at 22,950 and closing stop loss at 22,750
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Nifty Bank intraday and closing stop loss at 47,700
For existing short positions:
- Nifty intraday stop loss at 23,350 and closing stop loss at 23,525
- Nifty Bank intraday and closing stop loss at 48,750
For new positions in Nifty50:
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A strong buy range for Nifty is 22,750-23,000 with a stop loss at 22,500 for targets of 23,100, 23,250, 23,350, 23,425 and 23,500
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Aggressive traders can buy Nifty with a strict stop loss at 22,900 for targets of 23,250, 23,350, 23,425, 23,500, 23,550 and 23,600
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Aggressive traders can sell Nifty in the 23,350-23,500 range with a strict stop loss at 23,625 for targets of 23,275, 23,100, 23,050, 23,000, 22,900 and 22,800
For new positions in Nifty Bank:
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A strong buy range for Nifty Bank is 47,000-47,375 with a stop loss at 46,850 for targets of 47,550, 47,700, 47,875, 48,050, 48,325 and 48,600
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Aggressive traders can buy Nifty Bank with a strict stop loss at 47,800 for targets of 48,600, 48,750, 48,900, 49,225, 49,375 and 49,475
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Aggressive traders can sell Nifty Bank in the 48,600-48,750 range with a strict stop loss at 49,000 for targets of 48,400, 48,050, 47,900, 47,700, 47,550 and 47,375
Stocks in F&O ban
- New in ban: Aarti Industries
- Already in ban: L&T Finance, Bandhan Bank, Hindustan Copper, RBL Bank, Manappuram Finance
- Out of ban: None
HCLTech Results Review
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Results in line with expectations
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Margin better than expectations
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Some short-covering expected
- HCL Tech futures have support at Rs 1,935 and Rs 1,950 and higher levels at Rs 2,020 and Rs 2,045
Angel One Results Review
- Results in line with expectations
- The stock has already corrected after the company's quarterly update
- The stock has support at Rs 2,240 and Rs 2,300 and higher levels at Rs 2,550 and Rs 2,600
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08:55 AM IST