Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support coming in at 19,865-19,925 levels for the headline Nifty index and a strong buy zone at 19,725-19,825 levels on Wednesday, September 13. For the Nifty Bank, he expects support at 45,225-45,325 levels and a strong buy zone at 45,000-45,150 levels.

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

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

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Singhvi sees a higher zone in the Nifty emerging at 20,075-20,125 levels and a "blue sky zone" above the 20,125 level. For the banking index, he expects s higher zone at 45,575-45,700 levels and a profit-booking zone at 45,775-45,900 levels. 

What happened in the midcap segment on Tuesday?

  • Strong selling in anticipation of bad news
  • Market participants stared at the possibility of selling by foreign funds 
  • Signs of caution ahead of the Parliamentary session 

Outlook on midcap stocks

  • Sharp selling on Tuesday has left market sentiment weaker
  • One can expect profit-taking in defence and railway stocks that have run up a lot 
  • Selective buying at the right price possible   
  • Investors may hold quality stocks 
  • Buying expected in IT, pharma, cement spaces

ANIL SINGHVI MARKET STRATEGY  

Singhvi expects strong support for the Nifty and the Nifty Bank at 19,725-19,865 and 44,800-45,000 levels, respectively. He pegs a higher target for the banking index in the 45,800-46,000 band. 

  • FII index long positions at 63 per cent vs 60 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.18 vs 1.47, on a higher side
  • Nifty Bank PCR at 1.06 vs 1.39, on a higher side
  • India VIX up three per cent at 11.69

For existing long positions:

  • Nifty intraday stop loss at 19,900 and closing stop loss at 19,800
  • Nifty Bank intraday stop loss at 45,300 and closing stop loss at 45,150

For existing short positions:

  • Nifty intraday and closing stop loss at 20,125
  • Nifty Bank intraday stop loss at 46,000 and closing stop loss at 45,600

For new positions in Nifty:

  • The best range to buy Nifty is 19,865-19,925 with a stop loss at 19,800 for targets of 19,975, 20,000, 20,075 and 20,100
  • Aggressive traders can sell Nifty near 20,100 with a strict stop loss at 20,150 for targets of 20,000, 19,975, 19,925, 19,865 and 19,825

For new positions in Nifty Bank:

  • The best range to buy Nifty Bank is 45,150-45,325 with a stop loss at 45,000 for targets of 45,400, 45,475, 45,500, 45,575, 45,625, 45,700, 45,775 and 45,875
  • Aggressive traders can sell Nifty Bank in the 45,850-46,000 range with a strict stop loss at 46,100 for targets of 45,775, 45,700, 45,650, 45,575, 45,525, 45,400, 45,325 and 45,250

Stocks in F&O ban:

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

Stock of the day: 

Sell Bata futures with a stop loss at Rs 1,725 for targets of Rs 1,680, Rs 1,655 and Rs 1,645

  • Citi initiates 'sell' with a target of Rs 1,310

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