Anil Singhvi strategy December 14: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the headline Nifty50 index emerging at 20,925-21,025 levels and a blue-sky zone above 21,050 on Thursday, December 14. 

For the Nifty Bank, he expects a strong buy zone at 46,900-47,100 levels.

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

• Global: Positive

• FII: Positive

• DII: Negative

• F&O: Positive

• Sentiment: Positive

• Trend: Positive

ANIL SINGHVI MARKET STRATEGY 

• FII index longs at 58 per cent vs 60 per cent the previous day
• Nifty put-call ratio (PCR) at 0.96 vs 0.94
• Nifty Bank PCR at 0.99 vs 0.82
• Volatility index India VIX down by five per cent at 12.07

The market wizard suggests continuing with a 'buy on every dip' strategy as he expects fresh record highs on Dalal Street, with the momentum in midcap and smallcap stocks expected to strengthen, amid strong global and domestic signals. He suggests traders hold on to their positions firmly and avoid selling in a hurry. "Hold is the bold call since April," he says. 

Singhvi expects fresh breakouts in the Nifty50 and the Nifty Bank above 21,050 and 47,600 levels, respectively. 

He believes banking, NBFC and real estate shares will remain strong for the day, and buying interest in metal stocks. "IT will be the dark horse," he adds.

For existing long positions:

• Nifty intraday and closing stop loss at 20,850

• Nifty Bank intraday and closing stop loss at 46,800

For existing short positions:

• Nifty intraday and closing stop loss at 21,050

• Nifty Bank intraday stop loss at 47,200 and closing stop loss at 47,325

For new positions in Nifty:

• Buy Nifty with a stop loss at 20,850 for targets of 21,000 and 21,025; above 21,050, keep a trailing stop loss and hold for a higher target

• No advice to sell Nifty till it closes below 20,850

For new positions in Nifty Bank:

• Buy Nifty Bank with a stop loss at 47,000 for targets of 47,300, 47,450 and 47,575; above 47,600, keep a trailing stop loss and hold for a higher target till 48,000

• No advice to sell Nifty Bank till it closes below 46,800

Hat-trick rate cut 

#EditorsTake : ग्लोबल बाजार में तेजी कैसे बनेगी?

Rate Cut की HAT-TRICK के बाद कैसे रहेंगे बाजार?

अमेरिका में आग लगाने वाली तेजी कब होगी?

#DowJones अब कितना दौड़ लगाएगा?

हर एक निवेशक के लिए बेहद जरुरी वीडियो, देखिए अनिल सिंघवी के साथ...@AnilSinghvi_ #StockMarket… pic.twitter.com/K4QIaLdoui

— Zee Business (@ZeeBusiness) December 14, 2023

The market expert points out the presence of a big positive surprise in Fed commentary. He is of the view that there is room for five per cent upside in the Dow from the current levels, for targets to the tune of 38,500-39,000. 

"Dow will not weaken from here on... The first rate cut (in the US) will give a big boost to Dow," he says. 

F&O ban update

• Out of ban: SAIL

• Already in ban: Zee Entertainment Enterprises, India Cements, Hindustan Copper, Balrampur Chini, NALCO, Delta Corp, Indiabulls Housing Finance

• New in ban: None

Stocks of the day

Buy Bandhan Bank futures with a stop loss at Rs 235 for targets of Rs 249 and Rs 253

• Midcap private banks looking very strong

Buy DLF futures with a stop loss at Rs 665 for targets of Rs 680, Rs 688 and Rs 697

• Real stock looking strong

Buy IndusInd Bank futures with a stop loss at Rs 1,495 for targets of Rs 1,523 and Rs 1,535

• Private banks looking very strong

Buy JSPL futures with a stop loss at Rs 748 for targets of Rs 768, Rs 775 and Rs 800

• Metal stocks to run post-rate cut signals from Fed
• Strongest stocks in the metal sector

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