Anil Singhvi strategy March 4: 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 22,300-22,350 levels and a buy zone at 22,125-22,225 levels on Monday, March 4. For the Nifty Bank, he expects support to come in at 46,900-47,100 and a stronger support zone at 46,575-46,725 levels.

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

• Global: Neutral

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

The market wizard expects a higher zone for the Nifty50 at 22,400-22,425 and a "blue sky" zone above 22,425. The next important level for the headline index is 22,500, he adds. 

For the banking index, Singhvi sees a higher zone coming in at 47,500-47,650 and a profit-booking zone at 47,725-47,875. 

ANIL SINGHVI MARKET STRATEGY 

• FII index longs unchanged at 35 per cent as the previous day
• Nifty put-call ratio (PCR) at 1.32 vs 1.29
• Nifty Bank PCR at 1.32 vs 1.31
• Volatility index India down 1.5 per cent at 14.99

For existing long positions:

• Nifty intraday and closing stop loss at 22,200

• Nifty Bank intraday and closing stop loss at 46,900

For existing short positions:

• Nifty intraday and closing stop loss at 22,425

• Nifty Bank intraday and closing stop loss at 47,500

For new positions in Nifty:

• The best range to buy Nifty is 22,225-22,325 with a stop loss at 22,125 for targets of 22,375 and 22,400; participants may hold long positions above 22,425 with a trailing stop loss; next target near 22,500

• Sell Nifty only if Nifty50 breaks below 22,300 with a strict stop loss at 22,425 for targets of 22,250, 22,225, 22,200 and 22,125

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 46,900-47,050 with a stop loss at 46,800 for targets of 47,125, 47,225, 47,300, 47,425 and 47,500

• Aggressive traders can buy Nifty Bank with a strict stop loss at 46,900 for targets of 47,425, 47,500, 47,650, 47,725, 47,825 and 47,875

• Aggressive traders can sell Nifty Bank in the 47,725-47,875 range with a strict stop loss at 48,000 for targets of 47,650, 47,525, 47,450, 47,375, 47,300 and 47,225

F&O ban update

• Already in ban: Zee Entertainment Enterprises

• New in ban: None

• Out of ban: None

Stocks of the day

Buy Info Edge futures with a stop loss at Rs 5,165 for targets of Rs 5,250, Rs 5,275 and Rs 5,335

• Google has restored mobile apps 99Acres and Naukri in Play Store

Buy Godrej Properties futures with a stop loss at Rs 2,435 for targets of Rs 2,488 and Rs 2,515

• The company will develop a 62 acre township in Bengaluru by next year
• Expects booking value of Rs 5,000 crore 

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