Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,200-19,235 levels and a strong base at 18,975-19,025 levels on Monday, August 28. For the Nifty Bank, he expects support at 43,950-44,075 levels and a strong buy zone at 43,750-43,850 levels.

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

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

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Singhvi sees a higher zone in the Nifty at 19,325-19,365 levels and a profit-booking zone at 19,400-19,465 levels. For the banking index, he sees a higher zone at 44,425-44,525 levels and a strong sell zone at 44,775-44,950 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi believes that it is important for the Nifty to close above the 19,300 mark in Monday's session, while the Nifty Bank remains in the safe zone.

Moves in the headline index will be determined by Reliance and Adani group stocks, he adds. 

  • FII index long positions at 40 per cent vs 44 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.83 vs 0.99
  • Nifty Bank PCR at 0.81 vs 0.87
  • Fear index India VIX up three per cent at 12.08

For existing long positions:

  • Nifty intraday and closing stop loss at 19,175
  • Nifty Bank intraday stop loss at 43,950 and closing stop loss at 43,850

For existing short positions:

  • Nifty intraday stop loss at 19,400 and closing stop loss at 19,465
  • Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

  • Buy Nifty with a stop loss at 19,175 for targets of 19,300, 19,325, 19,365, 19,400, 19,425 and 19,465
  • The best range to sell Nifty is 19,365-19,465 with a stop loss at 19,500 for targets of 19,325, 19,300, 19,265, 19,235 and 19,200

For new positions in Nifty Bank:

  • Buy Nifty Bank in the 43,850-44,000 range with a stop loss at 43,675 for targets of 44,075, 44,125, 44,200, 44,275 and 44,350
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 43,950 for targets of 44,350, 44,425, 44,500, 44,625, 44,725, 44,825, 44,875 and 44,950
  • The best range to sell Nifty Bank is 44,775-44,950 with a stop loss at 45,000 for targets of 44,725, 44,625, 44,525, 44,425, 44,350, 44,275 and 44,200

Stocks in F&O ban:

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

Stock of the day: 

Buy Zomato shares with a stop loss at Rs 90 for targets of Rs 93.5, Rs 95 and Rs 97

  • Charging a platform fee per order will be highly profitable for the company
  • Morgan Stanley recommends the stock with a target of Rs 115 

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