Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,265-19,325 levels and a strong buy zone at 19,200-19,235 levels on Friday, August 18. For the Nifty Bank, he expects support at 43,600-43,750 levels and the next big base at 43,350-43,500 levels.

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

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

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Singhvi sees a higher zone in the Nifty at 19,365-19,425 levels and a strong sell zone at 19,465-19,550 levels. For the banking index, he sees a higher zone at 43,950-44,075 levels and a strong sell zone at 44,200-44,400 levels.

ANIL SINGHVI MARKET STRATEGY

Traders can expect pressure at higher levels in the market owing to weakness in global markets and foreign fund outflows, says Singhvi. The market may be lighter following the weekly expiry, with smallcap and midcap stocks expected to fare better than their larger counterparts amid pressure in blue chips. 

He suggests trimming long positions if the Nifty and the Nifty Bank close below 19,300 and 43,600 levels respectively. It is important for the Nifty and the Nifty bank to close above 19,550 and 44,200 respectively for strength in the market to continue.  

  • FII index longs at 39 per cent vs 39 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.11 vs 0.99
  • Nifty Bank PCR at 0.84 vs 0.79
  • Fear index India VIX up one per cent at 12.13

For existing long positions:

  • Nifty intraday stop loss at 19,200 and closing stop loss at 19,300
  • Nifty Bank intraday and closing stop loss at 43,600

For existing short positions:

  • Nifty intraday and closing stop loss at 19,550
  • Nifty Bank intraday and closing stop loss at 44,225

For new positions in Nifty:

  • The best range to sell Nifty is at 19,435-19,500 levels with a stop loss at 19,550 for targets of 19,365, 19,325, 19,300, 19,265, 19,235 and 19,200
  • The best range to buy Nifty is at 19,200-19,265 with a stop loss at 19,150 for targets of 19,300, 19,325, 19,365, 19,425 and 19,465

For new positions in Nifty Bank:

  • For aggressive traders, the best range to sell Nifty Bank is at 44,000-44,200 levels with a strict stop loss at 44,425 for targets of 43,950, 43,900, 43,775, 43,600, 43,525 and 43,400
  • The best range to buy Nifty Bank at 43,450-43,600 with a stop loss at 43,275 for targets of 43,750, 43,875, 43,950, 44,000, 44,075 and 44,200

11 stocks in F&O ban:

  • New in ban: PNB
  • Already in ban: Hindustan Copper, SAIL, GNFC, Granules, Zee Entertainment, Indiabulls Housing Finance, Chambal Fertilisers, Delta Corp, India Cements
  • Out of ban: Manappuram Finance, Balrampur Chini

Concord Biotech listing preview:

  • Expected to list in the range of Rs 840-870 vs the issue price of Rs 741
  • Long-term investors must hold for a target of Rs 1,100-1,200
  • Short-term investors can keep a stop loss at Rs 825

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