Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,250-19,325 levels and a strong base at 19,000-19,200 levels on Friday, August 25. For the Nifty Bank, he expects support at 44,000-44,200 levels and stronger support at 43,850-43,950 levels.

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

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

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Singhvi sees a higher zone in the Nifty at 19,400-19,445 levels and a strong sell zone at 19,465-19,535 levels. For the banking index, he sees a higher zone at 44,575-44,725 levels and a strong sell zone at 44,775-44,950 levels.

ANIL SINGHVI MARKET STRATEGY

  • FII index long positions at 44 per cent vs 45 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.99 vs 1.05
  • Nifty Bank PCR at 0.87 vs 1.27
  • Fear index India VIX down 0.23 per cent at 11.70

For existing long positions:

  • Nifty intraday stop loss at 19,250 and closing stop loss at 19,300
  • Nifty Bank intraday and closing stop loss at 44,000

For existing short positions:

  • Nifty intraday and closing stop loss at 19,500
  • Nifty Bank intraday stop loss at 45,000 and closing stop loss at 44,625

For new positions in Nifty:

  • Sell Nifty with a stop loss at 19,500 for targets of 19,325, 19,300, 19,265, 19,235 and 19,200
  • Aggressive traders can buy Nifty in the 19,200-19,300 range with a strict stop loss at 19,150 for targets of 19,365, 19,400, 19,425, 19,445 and 19,465

For new positions in Nifty Bank:

  • Sell Nifty Bank with a stop loss at 44,650 for targets of 44,275, 44,200, 44,125, 44,075, 44,000, 43,950, 43,900 and 43,850
  • Buy Nifty Bank in the 43,750-43,950 range with a stop loss at 43,600 for targets of 44,000, 44,075, 44,125, 44,200, 44,275 and 44,425
  • Aggressive traders can buy Nifty Bank in the 44,000-44,200 range with a strict stop loss at 43,850 for targets of 44,275, 44,425, 44,500, 44,575, 44,625 and 44,725

Stocks in F&O ban:

  • New in ban: RBL Bank, GMR Infra
  • Already in ban: BHEL, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cement, Manappuram, Metropolis, PNB
  • Out of ban: Escorts, Sun TV

Stock of the day: 

Buy KFin Tech shares with a stop loss at 380 for targets of Rs 390, Rs 395 and Rs 398

  • Jefferies initiated coverage with a 'buy' rating and target of Rs 500

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