Anil Singhvi strategy March 14: Key market triggers, levels to track in Nifty50, Nifty Bank; Divgi listing likely at slight premium

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 16,950-17,025 levels on Tuesday, March 14. He sees a strong buy zone coming in at 16,750-16,850 levels. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 39,100-39,300 and 38,725-38,950 levels, and a strong buy zone in the 38,450-38,625 band. 

Here's how Anil Singhvi sums up the market setup on March 14: 

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Negative

For the 50-scrip headline index, he expects a higher zone at 17,250-17,350 levels and a strong sell area at 17,400-17,450 levels.​ For the banking index, he sees a higher zone at 39,900-40,100 and 40,350-40,500 levels, and a strong sell zone in the 40,675-40,825 band.

• FII index longs unchanged at 16 per cent 
• Nifty put-call ratio (PCR) at 0.71 on Tuesday vs 0.89 on Monday
• Nifty Bank PCR at 0.51 vs 0.66
• Fear index India VIX up 20.9 per cent at 16.22

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty50 intraday and closing stop loss at 16,950
• Nifty Bank intraday and closing stop loss at 39,400

For existing short positions:

• Nifty intraday and closing stop loss at 17,450
• Nifty Bank intraday and closing stop loss at 40,500

For new positions in Nifty:

• Aggressive traders can buy Nifty in the 16,950-17,025 range with a strict stop loss at 16,850 for targets of 17,025, 17,125, 17,150, 17,200, 17,250, 17,300 and 17,350

• Aggressive traders can sell Nifty in the 17,300-17,450 range with a strict stop loss at 17,500 for targets of 17,300, 17,250, 17,200, 17,150, 17,125, 17,075 and 17,025

For new positions in Nifty Bank:

• Buy Nifty Bank in the 38,450-38,625 range with a stop loss at 38,300 for targets of 38,725, 38,950, 39,100, 39,300, 39,425 and 39,550

• Aggressive traders can buy Nifty Bank in the 39,100-39,300 range with a strict stop loss at 38,950 for targets of 39,425, 39,550, 39,750, 39,825, 39,900 and 40,000

• Sell Nifty Bank in the 40,350-40,650 range with a stop loss at 40,850 for targets of 40,000, 39,900, 39,825, 39,750, 39,600 and 39,450

• Aggressive traders can sell Nifty Bank with a strict stop loss at 40,000 for targets of 39,450, 39,300, 39,100, 38,950, 38,725, 38,625, 38,525 and 38,450

F&O ban update

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

Divgi TorqTransfer Systems listing at 10 am today; here's what to expect

• Expected to list at a slight premium over issue price of Rs 590
• Short-term investors keep stop loss at issue price
• Long-term investors can hold

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