Anil Singhvi strategy for February 15: 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 17,800-17,875 levels on Wednesday, February 15, 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 41,375-41,550 levels, and a strong buy zone in the 41,100-41,250 area. 

Here's how Anil Singhvi sums up the market setup on February 15: 

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

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,950-18,000 levels and a strong sell zone at 18,025-18,100 levels.​ For the banking index, he sees a higher zone at 41,725-41,800 levels and a profit-booking area in the 41,950-42,075 range.

• FII index longs at 27 per cent on Wednesday vs 18 per cent the previous day

• Put-call ratio (PCR) at 1.16 vs 0.83 the previous day

• Nifty Bank PCR at 1.01 vs 0.66 the previous day

• Fear index India VIX down 1.66 per cent at 13.45

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty50 intraday stop loss at 17,800 and closing stop loss at 17,775

• Nifty Bank intraday stop loss at 41,100 and closing stop loss at 41,250

For existing short positions:

• Nifty intraday and closing stop loss at 18,025

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

For new positions in Nifty:

• Buy Nifty in the 17,800-17,875 range with a stop loss at 17,700 for targets of 17,925, 17,950, 18,000, 18,025 and 18,100

• Sell Nifty in the 17,950-18,025 range with a stop loss at 18,125 for targets of 17,925, 17,875, 17,850, 17,800, 17,775 and 17,750

For new positions in Nifty Bank:

• Buy Nifty Bank in the 41,275-41,425 range with a stop loss at 41,100 for targets of 41,500, 41,550, 41,625, 41,675, 41,725 and 41,775

• Aggressive traders can sell Nifty Bank in the 41,775-41,950 range with a strict stop loss at 42,100 for targets of 41,725, 41,675, 41,625, 41,550, 41,500, 41,425, 41,375 and 41,275

F&O ban update

• Already in ban: PNB, BHEL, IB Housing Finance, Ambuja Cements

• New in ban: None

• Out of ban: None

STOCKS OF THE DAY

• PI Industries: Strong results, improvement in margin and exports
• Biocon: Weak results
• Bata: Weak results

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