Anil Singhvi strategy March 13: Key market triggers, important levels to track in Nifty50, Nifty Bank

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,250-17,325 levels on Monday, March 13. He expects next support to emerge in the 17,100-17,175 range. 

For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support coming in at 40,000-40,100 and 39,750-39,900 levels, and last support in the 39,425-39,600 band. 

Here's how Anil Singhvi sums up the market setup on March 13: 

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

For the 50-scrip headline index, he expects a higher zone at 17,425-17,500 levels and a strong sell area at 17,550-17,600 levels.​ For the banking index, he sees a higher zone at 40,600-40,800 levels and a strong sell zone in the 41,100-41,250 band.

• FII index longs at 16 per cent on Monday vs 20 per cent on Friday 
• Nifty put-call ratio (PCR) at 0.89 vs 0.98
• Nifty Bank PCR at 0.66 vs 0.82
• Fear index India VIX up 5.4 per cent at 13.41

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty50 intraday and closing stop loss at 17,250
• Nifty Bank intraday and closing stop loss at 39,900

For existing short positions:

• Nifty intraday and closing stop loss at 17,600
• Nifty Bank intraday and closing stop loss at 41,000

For new positions in Nifty:

• Sell Nifty in the 17,500-17,600 range with a stop loss at 17,700 for targets of 17,450, 17,400, 17,350, 17,325, 17,300 and 17,250

• Aggressive traders can buy Nifty in the 17,250-17,325 range with a strict stop loss at 17,200 for targets of 17,400, 17,450, 17,500, 17,575 and 17,600

For new positions in Nifty Bank:

• Sell Bank Nifty in the 41,100-41,350 range with a stop loss at stop loss at 41,650 for targets of 40,850, 40,700, 40,600, 40,500, 40,350 and 40,250

• Aggressive traders sell Bank Nifty with a strict stop loss at 40,850 for targets of 40,350, 40,250, 40,100, 40,000, 39,900, 39,825, 39,750 and 39,600

• Buy Bank Nifty in the 39,425-39,600 range with a stop loss at 39,300 for targets of 39,750, 39,825, 39,900, 40,000, 40,075, 40,250 and 40,350

• Aggressive traders can buy Nifty Bank in the 39,900-40,075 range with a strict stop loss at 39,750 for targets of 40,250, 40,350, 40,500, 40,600, 40,700 and 40,825

F&O ban update

• Already in ban: GNFC, Balrampur Chini
• New in ban: None
• Out of ban: None

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.