Anil Singhvi strategy January 29: 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 21,250-21,350 levels and a strong buy zone at 21,075-21,150 levels on Monday, January 29. For the Nifty Bank, he expects support to come in at 44,425-44,500 and a strong buy zone at 44,000-44,150 levels.

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Positive

• Sentiment: Neutral

• Trend: Positive

Singhvi expects a higher zone for the Nifty50 at 21,450-21,550 levels and a strong sell zone at 21,575-21,675 levels. For the banking index, he expects a higher zone at 45,000-45,125 levels and a strong sell zone at 45,500-45,700 levels. 

ANIL SINGHVI MARKET STRATEGY 

• FII index longs at 22 per cent vs 48 per cent the previous day
• Nifty put-call ratio (PCR) at 1.04 vs 0.92
• Nifty Bank PCR at 0.71 vs 0.60
• Volatility index India VIX down 3.5 per cent at 13.87

For existing long positions:

• Nifty intraday and closing stop loss at 21,225

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

For existing short positions:

• Nifty intraday stop loss at 21,500 and closing stop loss at 21,575

• Nifty Bank intraday and closing stop loss at 45,150

For new positions in Nifty:

• Buy Nifty with a stop loss at 21,225 for targets of 21,450, 21,475, 21,500, 21,550, 21,575 and 21,625

• Aggressive traders can sell Nifty in the 21,550-21,650 range with a strict stop loss at 21,750 for targets of 21,500, 21,450, 21,400, 21,350, 21,300 and 21,250

For new positions in Nifty Bank:

• Buy Nifty Bank with a strict stop loss at 44,400 for targets of 45,075, 45,125, 45,325, 45,475, 45,550, 45,625 and 45,700

• Sell Nifty Bank in the 45,475-45,625 range with a strict stop loss at 45,750 for targets of 45,350, 45,150, 45,100, 45,025, 44,875 and 44,500

F&O ban update

• Out of ban: Zee Entertainment Enterprises 

• Already in ban: None

• New in ban: None

RESULTS REVIEWS

AU Small Finance Bank 

Sell AU Small Finance Bank shares in the cash segment with a stop loss at Rs 714 for targets of Rs 685 and Rs 675

• Results weak on all parameters
• Increase in cost of funds
• Increase in provisions, slippages, NPAs

Shriram Finance

Buy Shriram Finance shares in the cash segment with a stop loss at Rs 2,285 for targets of Rs 2,350, Rs 2,365 and Rs 2,395

• NIM improvement a positive surprise
• AUM growth strong at 21 per cent 
• Improvement in asset quality

Cholamandalam Investment and Finance Company

Buy Cholamandalam Investment and Finance shares in the cash segment with a stop loss at Rs 1,223 for targets of Rs 1,260 and Rs 1,278

• Results better than estimates
• Loan growth strong at 27 per cent 
• NIM stable at 7.4 per cen

Stocks of the day
Sell Syngene shares in the cash segment with a stop loss at Rs 697 for targets of Rs 660 and Rs 650

• Results came on Thursday
• Results below estimates
• Guidance weak 

Buy Zen Tech shares with a stop loss at Rs 712 for targets of Rs 740, Rs 750 and Rs 765

• Results strong on all parameters
• Margin improved from 32 per cent to 43 per cent 

Buy Mangalam Cement shares with a stop loss at Rs 655 for targets of Rs 685, Rs 700 and Rs 715

• Operational performance strong 
• Margin up from 5.0 per cent to 13 per cent

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