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

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 20,050-20,100 levels and a strong buy zone at 19,925-20,000 levels on Friday, September 15. For the Nifty Bank, he expects support at 45,800-45,900 levels and a strong buy zone at 45,525-45,650 levels.

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

• Global: Positive

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

Singhvi sees a higher zone emerging in the Nifty at 20,150-20,200 levels and a "blue sky zone" above 2,0200. For the banking index, he expects a higher zone at 46,150-46,250 levels and a profit-booking zone at 46,300-46,375 levels. 

ANIL SINGHVI MARKET STRATEGY  

Singhvi suggests adopting a 'buy on dips' strategy amid strength in global equities as well as crude oil, and mixed signals from foreign and domestic funds. He expects midcap and smallcap stocks to strengthen in Friday's session. 

Singhvi expects strong support coming in at 19,825-19,950 and 45,500-45,650 levels for the Nifty and the Nifty Bank, respectively, with his higher target for the banking index placed at 46,175-46,375 levels.

• FII index long positions at 65 per cent vs 66 per cent the previous day

• Nifty put-call ratio (PCR) at 1.33 vs 1.25

• Nifty Bank PCR at 0.97 vs 1.18

• Fear index India VIX down four per cent at 11.32

For existing long positions:

• Nifty intraday stop loss at 20,000 and closing stop loss at 19,900

• Nifty Bank intraday stop loss at 45,800 and closing stop loss at 45,500

For existing short positions:

• Nifty intraday and closing stop loss at 20,200

• Nifty Bank intraday stop loss at 46,400 and closing stop loss at 46,200

For new positions in Nifty:

• Buy Nifty with a stop loss at 19,975 for targets of 20,150, 20,200; a blue sky zone above 20,200 

• Sell Nifty only if it falls below 19,850 with a strict stop loss at 20,000

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 45,800-45,900 with a stop loss at 45,600 for targets of 46,000, 46,075, 46,150, 46,200, 46,250, 46,300 and 46,375

• Aggressive traders can sell Nifty Bank near the 46,300-46,375 range with a strict stop loss at 46,500 for targets of 46,200, 46,150, 46,075, 46,000, 45,900 and 45,800

Stocks in F&O ban:

• New in ban: Balrampur Chini, BHEL, Zee Entertainment Enterprises

• Already in ban: REC, IEX, NALCO, Manappuram, Indiabulls Housing Finance, India Cements, Delta Corp, Hindustan Copper, SAIL

• Out of ban: None

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