Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 25,235-25,300 levels and a strong buy zone at 25,125-25,200 levels on Monday, September 16. 

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For the Nifty Bank, he expects support to come in at 51,650-51,775 levels and a strong buy zone at 51,425-51,575 levels.

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

  • Global: Positive
  • FII: Neutral
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Positive
  • FII long positions at 67 per cent vs 66 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.33 vs 1.44
  • Nifty Bank PCR at 1.13 vs 1.19
  • India VIX down five per cent at 12.55

The market wizard sees a higher zone at 25,385-25,450 and a "blue-sky zone" above 25,500 for the headline index. 

For the banking index, he sees a higher zone at 52,175-52,350 levels and a profit-booking zone at 52,425-52,575 levels. 

MARKET STRATEGY 

For existing long positions:

  • Nifty intraday and closing stop loss at 25,200
  • Nifty Bank intraday and closing stop loss at 51,625

For existing short positions:

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

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 25,385, 25,425 and 25,475; above 25,500, one may hold their long positions with a trailing stop loss
  • No sell signal till Nifty breaks below 25,200; aggressive traders may sell near 25,500 with a small and strict stop loss

For new positions in Nifty Bank: 

  • The best range to buy Nifty Bank is 51,650-51,775 with a stop loss at 51,500 for targets of 51,875, 51,950, 52,075, 52,175, 52,275 and 52,350
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 51,750 for targets of 52,175, 52,275, 52,350, 52,425, 52,500 and 52,575
  • Aggressive traders can sell Nifty Bank in the 52,425-52,575 range with a stop loss at 52,700 for targets of 52,350, 52,275, 52,175, 52,075, 52,000 and 51,950

Stocks in F&O ban

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

Stocks of the Day 

Buy Tata Steel futures with a stop loss at Rs 150 for targets of Rs 157, Rs 160 and Rs 165

  • US steel index up three per cent 

Buy Vedanta futures with a stop loss at Rs 445 for targets of Rs 465 and Rs 470

  • Metals are looking very strong ahead of the Fed meeting
  • Moody’s has upgraded its credit rating for Vedanta Ltd parent Vedanta Resources after a long time

Buy Shilpa Medicare shares with stop loss at Rs 870 for targets of Rs 895, Rs 905 and Rs 920

  • Pharma stocks are in a strong uptrend

Buy Tata Technologies shares with a stop loss at Rs 1,070 for targets of Rs 1,105, Rs 1,120 and Rs 1,130

  • The stock is very strong fundamentally 
  • The company's tie-ups with Boeing and Airbus is a big positive

Buy Nazara Tech shares with a stop loss at Rs 1,035 for targets of Rs 1,065, Rs 1,085 and Rs 1,095

  • The stock is in a strong uptrend

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