Anil Singhvi strategy September 18: 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 20,100-20,150 levels and a strong buy zone at 20,000-20,050 levels on Monday, September 18. For the Nifty Bank, he expects support at 45,900-46,025 levels and a strong buy zone at 45,650-45,850 levels.

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

• Global: Negative

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

Singhvi sees a "blue sky zone" emerging in the Nifty above the 20,225 level. For the banking index, he expects a higher zone at 46,300-46,375 levels and a blue sky zone above 46,500. 

ANIL SINGHVI MARKET STRATEGY  

• FII index long positions at 66 per cent vs 65 per cent the previous day
• Nifty put-call ratio (PCR) at 1.31 vs 1.33
• Nifty Bank PCR at 1.05 vs 0.97
• Fear index India VIX down four per cent at 10.90

For existing long positions:

• Nifty intraday and closing stop loss at 19,975

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

For existing short positions:

• Nifty intraday and closing stop loss at 20,225

• Nifty Bank intraday and closing stop loss at 46,500

For new positions in Nifty:

• The best range to buy Nifty is 20,050-20,125 with a stop loss at 19,975 for targets of 20,150, 20,200, 20,225; a blue sky zone above 20,225 

• Aggressive traders can initiate shorts with a stop loss at 20,225 only if Nifty starts to trade below 19,950 

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 45,800-46,025 with a stop loss at 45,600 for targets of 46,150, 46,225, 46,300, 46,375 and 46,500

• Aggressive traders can sell Nifty Bank near the 46,300-46,375 range with a strict stop loss at 46,500 for targets of 46,225, 46,150, 46,025, 45,900 and 45,800

Stocks in F&O ban:

• New in ban: Chambal Fertilisers

• Already in ban: Balrampur Chini, BHEL, Zee Entertainment Enterprises, REC, IEX, Manappuram, Indiabulls Housing Finance, India Cements, Hindustan Copper

• Out of ban: Delta Corp, NALCO, SAIL

Stocks of the day:

Buy Chambal Fertilisers shares in the cash segment with a stop loss at Rs 280 for targets of Rs 295, Rs 302 and Rs 310

• Strong urea demand; Russia ends discount and China bans export
• Chambal sitting on a huge inventory gain
• Valuation attractive at a price-to-earnings (PE) ratio of 7 
• Historically huge gains from Ganpati till Budget

Buy Indus Towers futures with a stop loss at Rs 183 for targets of Rs 196 and Rs 202

• Repayment of loan by Vodafone Idea is positive for sentiments

Jupiter Life Line Hospitals listing preview:

• Expected to list in the Rs 950-975 range as against the issue price of Rs 735
• Investors can hold with a stop loss at 900 and keep trailing
• We advised buying for good listing gains and for the long term

Yatra Online IPO preview:

Only "very high risk-taking" should apply from a long-term perseictive

• Better to avoid now; 'buy' post-listing

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