Anil Singhvi strategy January 25: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,350-21,400 levels and a strong buy zone at 21,150-21,250 levels on Thursday, January 25. For the Nifty Bank, he expects support to come in at 44,900-45,000 and a strong base at 44,500-44,625 levels.

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

• Global: Neutral

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

Singhvi expects a higher zone for the Nifty50 at 21,500-21,550 levels and a strong sell zone at 21,600-21,675 levels. For the banking index, he expects a higher zone at 45,475-45,550 levels and a profit-booking zone at 45,650-45,725 levels. 

ANIL SINGHVI MARKET STRATEGY 

The market wizard suggests investors park 25 per cent of available funds in the Nifty's 21,150-21,250 range, and cautions against see-saw moves in the market ahead of the presentation of Union Budget in Parliament. He believes one should buy when the market is panicking at the current juncture and sell on instances of rise. One has to take a contrarian view in the market, he adds. 

Singhvi expects strong support for the Nifty50 at 20,900-21,150 levels and resistance at 21,600-21,750 levels. He says one has to wait for clarity on which direction the banking index will take. 

• FII index longs at 48 per cent vs 47 per cent the previous day
• Nifty put-call ratio (PCR) at 0.92 vs 0.74
• Nifty Bank PCR at 0.60 vs 0.51
• Volatility index India VIX down around three per cent at 14.38

For existing long positions:

• Nifty intraday stop loss at 21,350 and closing stop loss at 21,225

• Nifty Bank intraday stop loss at 44,875 and closing stop loss at 45,000

For existing short positions:

• Nifty intraday and closing stop loss at 21,550

• Nifty Bank intraday stop loss at 45,500 and closing stop loss at 45,725

For new positions in Nifty:

• The best range to buy Nifty is 21,150-21,250 with a stop loss at 21,100 for targets of 21,300, 21,350, 21,400, 21,450 and 21,475

• Aggressive traders can buy Nifty with a strict stop loss at 21,350 for targets of 21,500, 21,550, 21,600, 21,625, 21,650 and 21,725

• The best range to sell Nifty is 21,550-21,650 with a stop loss at 21,750 for targets of 21,500, 21,475, 21,450, 21,400, 21,350 and 21,300

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 44,500-44,625 with a stop loss at 44,400 for targets of 44,775, 44,875, 45,000 and 45,075

• Aggressive traders can sell Nifty Bank in the 45,475-45,650 range with a strict stop loss at 45,750 for targets of 45,350, 45,275, 45,150, 45,100, 45,025 and 44,900

F&O ban update

• New in ban: Zee Entertainment Enterprises 

• Out of ban: NALCO, IRCTC, OFSS, RBL Bank, Balrampur Chini

• Already in ban: None

RESULTS REVIEWS

Tata Steel

• Operational performance strong
• Indian business strong, European business still a problem
• Support for futures at Rs 132 and a higher level at Rs 139

Birlasoft

• Strong performance on all fronts
• Big improvement in margins
• Support for futures at Rs 785 and Rs 800 levels; higher levels at Rs 840 and Rs 855

Stocks of the day

Buy DLF futures with a stop loss at Rs 738 for targets of Rs 770 and Rs 784

• Highest ever quarterly pre-sales
• Strong cash flow
• Strong FY25 guidance 

Sell Tech Mahindra futures with a stop loss at Rs 1,423 for targets of Rs 1,375, Rs 1,365 and Rs 1,355

• Revenue in line but weak margins
• New deal wins lower than expectations

Buy Bajaj Auto futures with a stop loss at Rs 7,109 for targets of Rs 7,300, Rs 7,375 and Rs 7,450

• Strong growth momentum
• Third straight quarter of record revenue and profit
• Strong outlook

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