Anil Singhvi strategy November 15: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the headline Nifty50 index emerging at 19,450-19,550 levels on Wednesday, November 15. For the Nifty Bank, he expects a strong buy zone coming in at Bank Nifty 43,900-44,050 levels.

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Positive

• Sentiment: Positive

• Trend: Neutral

Singhvi expects a higher zone for the Nifty50 at 19,600-19,650 and a profit-booking zone at 19,700-19,775 levels. For the banking index, he sees a higher zone coming in at 44,350-44,500 levels and a profit-booking zone at 44,600-44,700 levels.  

ANIL SINGHVI MARKET STRATEGY

Singhvi suggests buying at the lowest level of the first 30 minutes of trade amid strong inflation numbers from the US and India, and industrial data from China. He expects strength in the Nifty Bank during the course of the day, besides buying interest in IT and metal shares. 

The market wizard has placed his targets for the Nifty and the Nifty Bank at 19,650-19,775 and 44,500-44,700 levels, and strength in the indices to continue after closing levels above 19,500 and 44,000, respectively. 

• FII index long position at 19 per cent vs 18 per cent the previous day
• Nifty put-call ratio (PCR) at 1.00 vs 1.15
• Nifty Bank PCR at 0.98 vs 1.03 
• Volatility index India VIX down 1.5 per cent at 11.19

For existing long positions:

• Nifty intraday and closing stop loss at 19,400

• Nifty Bank intraday and closing stop loss at 43,900

For existing short positions:

• Nifty intraday and closing stop loss at 19,550

• Nifty Bank intraday and closing stop loss at 44,050

For new positions in Nifty:

• Buy Nifty with a stop loss at 19,440 for targets of 19,600, 19,650, 19,675, 19,700, 19,725 and 19,775

For new positions in Nifty Bank:

• Buy Nifty Bank with a stop loss at 43,900 for targets of 44,200, 44,275, 44,350, 44,400, 44,475, 44,600 and 44,700

F&O ban update

• New in ban: Hindustan Copper, Indiabulls Housing Finance, SAIL

• Out of ban: MCX, GNFC

• Already in ban: Chambal Fertilisers, Delta Corp, Manappuram Finance, Zee Entertainment Enterprises

Stocks of the day: 

15th November 2023 - Stocks of the Day

Zee Business Live : https://t.co/ZyWTFoPMXF#NarayanHrudayalaya #ISGECHeavyEngineering #ManappuramFutures #IndusIndBankFutures pic.twitter.com/YO1w59nVWa

— CA Anil Singhvi Zee Business (@AnilSinghvi_) November 15, 2023

Buy IndusInd Bank futures with a stop loss at Rs 1,500 for targets of Rs 1,530, Rs 1,545, Rs 1,560 and Rs 1,590

• MSCI inclusion a big positive

Buy Manappuram futures with a stop loss at Rs 136 for targets of Rs 144, Rs 146, Rs 150 and Rs 155

• Strong results at the closing bell on Monday
• Big brokerage upgrade 
• Morgan Stanley raises target to Rs 200 from Rs 183

Buy ISGEC Heavy Engineering shares with a stop loss at Rs 755 for targets of Rs 778, Rs 786 and Rs 795

• Strong operational performance for third consecutive quarter
• Big improvement in cash flows

Buy Narayan Hrudayalaya shares with a stop loss at Rs 1,075 for targets of Rs 1,098, Rs 1,105 and Rs 1,115

• Strong operational performance
• Conference call at 11 am

Results review:

NMDC futures have support near Rs 170; fresh buy only above Rs 180

• Results below estimates on all parameters
• Stock already trading at 52 week high

Indiabulls Housing futures have support at Rs 170 and a higher level at Rs 182

• After a long time, numbers look better but internals not great
• Profit not increased despite a big jump in NII
• Big trigger for stock only if promoters sell stake
• Stock already in F&O ban 

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