Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the headline Nifty index coming in at 19,650-19,725 on Monday, September 11. For the Nifty Bank, he expects support at 44,825-44,950 levels and a strong buy zone at 44,675-44,775 levels.

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

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

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Singhvi sees a higher zone in the Nifty 19,885-19,975 levels and a "blue sky zone" above 20,000. For the banking index, he sees a higher zone at 45,400-45,550 levels and a profit-booking zone at 45,600-45,700 levels.

ANIL SINGHVI MARKET STRATEGY  

Singhvi points out that the Nifty is facing the last level of resistance at 19,950-20,000 amid signs of decreasing FII outflows. He suggests adopting a 'buy on dips' strategy, with strong support in the Nifty and the Nifty Bank at 19,600-19,750 and 44,800-44,950 levels, respectively. Singhvi sees a higher target for the banking index at 45,550-45,700 levels. 

  • FII index long positions at 58 per cent vs 57 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.38 vs 1.39, on a higher side
  • Nifty Bank PCR at 1.27 vs 1.32
  • India VIX up one per cent at 10.78

For existing long positions:

  • Nifty intraday and closing stop loss at 19,700
  • Nifty Bank intraday and closing stop loss at 44,800

For existing short positions:

  • Nifty intraday and closing stop loss at 20,000
  • Nifty Bank intraday and closing stop loss at 45,500

For new positions in Nifty:

  • Buy Nifty with a stop loss at 19,700 for targets of 19,865, 19,885, 19,975; a blue sky zone above 20,000 
  • Aggressive traders can sell Nifty in the 19,950-20,000 range with a strict stop loss at 20,050 for targets of 19,900, 19,865, 19,825, 19,800, 19,775, 19,750 and 19,725

For new positions in Nifty Bank:

  • Buy Nifty Bank with a stop loss at 44,800 for targets of 45,300, 45,375, 45,475, 45,550, 45,600, 45,650 and 45,700
  • Aggressive traders can sell Nifty Bank in the 45,550-45,700 range with a strict stop loss at 45,800 for targets of 45,475, 45,400, 45,300, 45,225, 45,150 and 45,000

Stocks in F&O ban:

  • New in ban: Chambal Fertilisers
  • Already in ban: PNB, Manappuram, SAIL, Delta Corp, Balrampur Chini, Hindustan Copper, Indiabulls Housing Finance, India Cements
  • Out of ban: BHEL

Stocks of the day: 

Buy TVS Supply Chain shares for targets of Rs 240 and 250 with a stop loss at Rs 220 

  • Long-term target at Rs 400; hold with a stop loss at Rs 190
  • India to fill supply chain gaps in next 4-5 Years
  • Best Indian MNC company in logistics

Buy Praj Industries shares for targets of Rs 523, Rs 529 and Rs 538 with a stop loss at Rs 510 

  • G-20 focus on global biofuel alliance
  • Target global ethanol blending of 20 per cent
  • Buy Tata Communication futures for targets of Rs 1,907 and Rs 1,922 with a stop loss at Rs 1,867 
  • Company ties with NVIDIA for building AI infrastructure

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