Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the headline Nifty50 index emerging at 21,775-21,850 levels on Monday, January 15. For the Nifty Bank, he expects support to come in at 47,525-47,650 levels and a strong buy zone at 47,250-47,400 levels.

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

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

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Singhvi expects a blue-sky zone for the Nifty50 above 21,950. He expects the index to cross the 22,000 mark for the first time today. 

For the banking index, he sees a higher zone coming in at 47,925-48,075 levels and a strong sell zone at 48,150-48,350 levels.  

ANIL SINGHVI MARKET STRATEGY 

  • FII index longs unchanged at 63 per cent as the previous day
  • Nifty put-call ratio (PCR) higher at 1.43 vs 1.14
  • Nifty Bank PCR at 1.07 vs 0.84
  • Volatility index India VIX up 2.5 per cent at 13.10

The market wizard expects strong buying in the IT space led by Wipro and HCL Tech on the back of strong results. He points out that the domestic funds have been net buyers on Dalal Street for a third straight day, whereas selling by foreign institutional investors has eased. 

Singhvi says that while the Nifty50 has staged a strong breakout above 21,850, the banking index has the last hurdle placed at 48,350-48,550 levels.

He expects HDFC Bank results, due on Tuesday, to dictate the movement of the Nifty Bank.

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