Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty coming in at 19,865-19,900 on Tuesday, September 12, a day after the headline index crossed the 20,000 mark for the first time ever. For the Nifty Bank, he expects support at 45,225-45,375 levels and a strong buy zone at 45,000-45,150 levels.

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

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

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Singhvi sees a "blue sky zone" in the Nifty emerging above 20,025, and expects a higher zone in the banking index at 45,775-45,925 levels, followed by a profit-booking zone at 46,075-46,200 levels. 

ANIL SINGHVI MARKET STRATEGY  

Singhvi expects stocks such as ICIC IBank, L&T and Reliance to aid strength in the Nifty amid buying by FIIs and domestic funds. Equity mutual funds saw strong inflows in August, he points out. 

He sees strong support coming in at 19,725-19,865 and 44,800-45,000 levels in the Nifty and the Nifty Bank, respectively. The banking index, he believes, may be preparing to register a new peak, with higher targets placed at 45,800-46,000 levels. 

 

  • FII index long positions at 60 per cent vs 58 per cent the previous day
  • Nifty put-call ratio (PCR) 1.47 vs 1.38, on a higher side
  • Nifty Bank PCR at 1.39 vs 1.27, on a higher side
  • India VIX up five per cent at 11.35

     

For existing long positions:

  • Nifty intraday and closing stop loss at 19,850
  • Nifty Bank intraday stop loss at 45,350 and closing stop loss at 45,150

For existing short positions:

  • Nifty intraday and closing stop loss at 20,050
  • Nifty Bank intraday and closing stop loss at 45,700

For new positions in Nifty:

  • Buy Nifty with a stop loss at 19,850; above 20,025, Nifty will be in a blue sky zone
  • Keep a trailing stop loss for the next target range of 20,200-20,400
  • Sell Nifty only if starts to trade below 19,725

For new positions in Nifty Bank:

  • Buy Nifty Bank in the 45,225-45,375 range with a stop loss at 45,150 for targets of 45,475, 45,575, 45,625 and 45,700
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 45,350 for targets of 45,700, 45,775, 45,850, 45,925, 46,075 and 46,175
  • Aggressive traders can sell Nifty Bank in the 45,925-46,175 range with a strict stop loss at 46,400 for targets of 45,850, 45,775, 45,700, 45,625, 45,575, 45,500 and 45,400

Stocks in F&O ban:

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

Stocks of the day: 

Buy ICICI Bank futures with a stop loss at Rs 967 for targets of Rs 1,000 and Rs 1,010

  • Sandeep Bakhshi’s reappointment as ICICI Bank MD and CEO gets RBI approval

Buy L&T futures with a stop loss at Rs 2,880 for targets of Rs 2,930, Rs 2,949 and Rs 2,962

  • Buyback price revised higher to Rs 3,200 from Rs 3,000 

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