Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 18,975-19,050 levels and a strong buy zone at 18,850-18,950 levels on Wednesday, November 1. For the Nifty Bank, he expects support at 42,500-42,725 levels and a strong buy zone at 42,275-42,400 levels.

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

  • Global: Positive
  • FII: Neutral
  • DII: Neutral
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Neutral

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Singhvi expects a higher zone for the Nifty50 at 19,125-19,150 levels and a strong sell zone at 19,200-19,275 levels. For the banking index, he sees a higher zone coming in at 43,050-43,150 levels and a strong sell zone at 43,350-43,550 levels.  

ANIL SINGHVI MARKET STRATEGY

Singhvi suggests buying in case of a weak start on Dalal Street and points out that caution may persist in the market ahead of a key rate decision by the Fed later in the day. He also highlights the absence of FII outflows despite Tuesday's profit-taking on Dalal Street, a positive signal from easing crude oil rates and FIIs' index long positions at 13 per cent. 

The market wizard expects strong support for the Nifty and the Nifty Bank at 18,925-19,050 and 42,300-42,500 levels, and a recovery to extend to 19,250-19,350 and 43,725-43,875 levels, respectively. 

  • FII index long positions at 13 per cent vs 12 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.91 vs 1.10
  • Nifty Bank PCR at 0.84 vs 1.18
  • Fear index India VIX up 2.91 per cent at 11.83

For existing long positions:

  • Nifty intraday and closing stop loss at 18,975
  • Nifty Bank intraday and closing stop loss at 42,700

For existing short positions:

  • Nifty intraday stop loss at 19,250 and closing stop loss at 19,150
  • Nifty Bank intraday stop loss at 43,050 and closing stop loss at 43,200

For new positions in Nifty:

  • The best range to buy Nifty is 18,925-19,050 with a stop loss at 18,825 for targets of 19,075, 19,125, 19,150, 19,225, 19,250 and 19,275
  • The best range to sell Nifty is 19,150-19,250 with a stop loss at 19,350 for targets of 19,125, 19,075, 19,050, 19,025, 18,975 and 18,925

For new positions in Nifty Bank:

  • The best range to buy Nifty Bank is 42,300-42,500 with a stop loss at 42,100 for targets of 42,725, 42,775, 42,850, 42,950 and 43,050
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 42,650 for targets of 43,050, 43,125, 43,275, 43,350, 43,400 and 43,550
  • Aggressive traders sell Nifty Bank in the 43,150-43,350 range with a strict stop loss at 43,550 for targets of 43,050, 42,875, 42,800, 42,725 and 42,500

F&O ban update

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

Stocks of the day:

Buy MapMyIndia shares with a stop loss at Rs 2,050 for targets of Rs 2,100, Rs 2,125 and Rs 2,160

  • Excellent results on all parameters
  • All-time high revenue, EBITDA and profit

Buy L&T futures with a stop loss at Rs 2,920 for targets of Rs 2,965, Rs 2,980 and Rs 2,995

  • Outstanding results
  • Highest ever order book
  • Excellent execution
  • Strong guidance by management

Buy Five Star Business shares with a stop loss at Rs 730 for targets of Rs 748, Rs 756 and Rs 765

  • Strong results on all parameters
  • Better asset quality
  • Stable NIMs

Result review:

Bharti Airtel

  • Results below estimates on revenue and profit fronts
  • Results operationally in line with estimates 
  • Strong free cash flow

Tata Consumer Products

  • Results slightly better than estimates
  • Wait for the conference call at noon for future guidance

Birlasoft

  • Outstanding results on all parameters but the stock has already rup-up 30 per cent in three months
  • Outlook also strong after Q3

Max Financial Services

  • Inline to slightly positive results
  • Strong growth but lower VNB margins

Navin Fluorine

  • Results weak on all parameters
  • The stock is down 23.5 per cent in three months
  • Trading near its 52-week low

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