Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 25,275-25,325 levels and a strong buy zone at 25,150-25,235 levels on Friday, September 13. 

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For the Nifty Bank, he expects support to come in at 51,575-51,675 levels and a strong buy zone at 51,275-51,425 levels.

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

  • Global: Positive
  • FII: Positive
  • DII: Neutral
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Positive
  • FII long positions at 66 per cent vs 64 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.44 vs 0.88
  • Nifty Bank PCR at 1.19 vs 0.85
  • Volatility index India VIX down three per cent at 13.18

The market wizard sees a higher zone at 25,425-25,500 and a "blue-sky zone" above 25,525 for the headline index. 

For the banking index, he sees a higher zone at 51,950-52,075 levels and a profit-booking zone at 52,175-52,350 levels. 

MARKET STRATEGY 

For existing long positions:

  • Nifty intraday and closing stop loss at 25,200
  • Nifty Bank intraday and closing stop loss at 51,400

For existing short positions:

  • Nifty intraday stop loss at 25,500 and closing stop loss at 25,400
  • Nifty Bank intraday stop loss at 52,050 and closing stop loss at 51,800

For new positions in Nifty50:

  • The best range to buy Nifty is 25,235-25,325 with a stop loss at 25,150 for targets of 25,375, 25,425, 25,475 and 25,500
  • No immediate sell trigger in Nifty; sell only if it breaks below 25,125

For new positions in Nifty Bank

  • The best range to buy Nifty Bank is 51,425-51,575 with a stop loss at 51,250 for targets of 51,675, 51,775, 51,875, 51,950, 52,075 and 52,175
  • Sell Nifty Bank in the 52,175-52,350 range with a stop loss at 52,500 for targets of 52,075, 51,950, 51,875, 51,775, 51,700 and 51,575

Stocks in F&O ban

  • New in ban: Granules India
  • Already in ban: Aarti Industries, Balrampur Chini, Hindustan Copper, AB Fashion, RBL Bank, Bandhan Bank, Chambal Fertilisers
  • Out of ban: None

Stocks of the Day 

Buy Vedanta futures with a stop loss at Rs 437 for targets of Rs 452, Rs 456 and Rs 461

  • Strong bounceback in metals
  • Vedanta trading at attractive valuations

Buy Wipro futures with a stop loss at Rs 518 for targets of Rs 540 and Rs 545

  • Bullish view on IT stocks
  • Buy on dips 

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