Anil Singhvi strategy August 11: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,465-19,500 levels and a strong buy zone at 19,300-19,435 levels on Friday, August 11. For the Nifty Bank, he expects support at 44,275-44,400 levels and stronger support at 44,125-44,225 levels.

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

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

Singhvi sees a higher zone in the Nifty at 19,565-19,600 levels and a strong sell zone at 19,625-19,700 levels. For the banking index, he sees a higher zone at 44,725-44,825 levels and a profit-booking zone at 44,875-44,975 levels.

ANIL SINGHVI MARKET STRATEGY

Most of the short-term triggers are finished for the market, which makes Friday's closing important. The market is light post-expiry but selling by FIIs will determine the trend. 

Singhvi suggests trimming long 'buy today sell tomorrow (BTSL) positions if the Nifty and the Nifty Bank close below 19,500 and 44,500 levels respectively. He believes that closing levels above 19,650 and 45,000 will be a sign of strength. 

• FII index longs at 41 per cent vs 45 per cent the previous day

• Nifty put-call ratio (PCR) at 1.09 vs 1.18

• Nifty Bank PCR at 0.85 vs 0.76

• Fear index India VIX up 2.5 per cent at 11.4

For existing long positions:

• Nifty intraday stop loss at 19,400 and closing stop loss at 19,500

• Nifty Bank intraday stop loss at 44,250 and closing stop loss at 44,500

For existing short positions:

• Nifty intraday and closing stop loss at 19,650

• Nifty Bank intraday stop loss at 45,125 and closing stop loss at 45,000

For new positions in Nifty:

• The best range to buy Nifty is 19,385-19,465 with a stop loss at 19,275 for targets of 19,500, 19,535, 19,565, 19,600, 19,625 and 19,650

• The best range to sell Nifty is 19,600-19,650 with a stop loss at 19,725 for targets of 19,565, 19,535, 19,500, 19,465, 19,435 and 19,385

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 44,125-44,300 with a stop loss at 44,000 for targets of 44,400, 44,525, 44,625, 44,775, 44,825, 44,875, 44,925 and 44,975

• The best range to sell Nifty Bank is 44,825-44,975 with a stop loss at 45,125 for targets of 44,725, 44,625, 44,525, 44,425, 44,275, 44,225 and 44,125

Stocks in F&O ban:

• New in ban: Zee Entertainment, Manappuram Finance, Granules, Can Fin Homes

• Already in ban: Chambal Fertilisers, Delta Corp, Balrampur Chini, Indiabulls Housing Finance, Hindustan Copper

• Out of ban: None

Stocks of the day:

Sell Biocon futures with a stop loss at Rs 270 for targets of Rs 255, Rs 250 and Rs 242

• Extremely weak results on all parameters

Sell Concor futures with a stop loss at Rs 708 for targets of Rs 680 and Rs 670

• Weak results on all parameters
• Margin at 20.4 per cent vs estimate of 23 per cent

Buy REC futures with a stop loss at Rs 210 for targets of Rs 219, Rs 223 and Rs 227

• Big buying expected due to MSCI inclusion
• Positive for its holding company PFC also

Buy Supreme Industries in the cash segment with a stop loss at Rs 3,780 for targets of Rs 4,000, Rs 4,075 and Rs 4,200

• Big buying expected due to MSCI inclusion

Buy NCC in the cash segment with a stop loss at Rs 154 for targets of Rs 162 and Rs 165

• Strong results on better execution
• Buy HCL Tech futures with a stop loss at Rs 1,135 for targets of Rs 1,155, Rs 1,165 and Rs 1,177
• Big $-billion deal win from Verizon

Results review:

Hero MotoCorp

• Mixed results
• Outlook positive for the second half of the year
• Support for futures at Rs 2,950; a higher level at Rs 3,100 

SAIL 

• Weak performance on all parameters
• Support for futures at Rs 90; a higher level at Rs 97 
• Support expected on lower levels on a gap-down opening

Apollo Tyre

• Strong operational performance
• Best results already priced in
• Best margins in industry
• Book profit on a gap-up opening
• Support for futures at Rs 416; a higher level at Rs 443 

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