Anil Singhvi strategy for February 14: Key market triggers, important levels to track in Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,650-17,725 levels on Tuesday, February 14, and a strong buy zone in the 17,550-17,600 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 41,000-41,150, and a strong buy zone in the 40,600-40,750 area. 

Here's how Anil Singhvi sums up the market setup on February 14: 

• Global: Positive
• FII: Neutral
• DII: Neutral
• F&O: Neutral
• Sentiment: Neutral
• Trend: Neutral

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,800-17,850 levels and a strong sell zone at 17,875-17,950 levels.​ For the banking index, he sees a higher zone at 41,425-41,550 levels and a strong sell area in the 41,625-41,775 range.  

• FII index longs unchanged at 18 per cent on Tuesday 

• Put-call ratio (PCR) at 0.83 vs 1.05 the previous day

• Nifty Bank PCR at 0.66 vs 0.87

• Fear index India VIX up 7.33 per cent at 13.68

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty50 intraday and closing stop loss at 17,700

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

For existing short positions:

• Nifty intraday and closing stop loss at 17,925

• Nifty Bank intraday and closing stop loss at 41,800

For new positions in Nifty:

• Buy Nifty with a stop loss at 17,700 for targets of 17,800, 17,850, 17,875, 17,900, 17,950 and 18,000

• Aggressive traders can sell Nifty in the 17,850-17,925 range with a strict stop loss at 18,025 for targets of 17,800, 17,775, 17,750, 17,725, 17,700 and 17,650

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank with a strict stop loss at 41,000 for targets of 41,375, 41,425, 41,500, 41,550, 41,625, 41,675 and 41,775

• Aggressive traders can sell Nifty Bank in the 41,550-41,675 range with a strict stop loss at 41,800 for targets of 41,500, 41,425, 41,375, 41,275, 41,150 and 41,100

F&O ban update

• New in ban: Punjab National Bank (PNB), BHEL

• Already in ban: IB Housing Finance, Ambuja Cements

• Out of ban: None

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