Anil Singhvi strategy September 22: 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 emerging at 19,550-19,650 levels and a strong buy zone at 19,435-19,525 levels on Friday, September 22. For the Nifty Bank, he expects support at 44,200-44,425 levels and a strong buy zone at 43,950-44,125 levels.

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

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Positive

   

Singhvi sees a higher zone coming in for the Nifty at 19,750-19,800 levels and a strong sell zone at 19,850-19,900 levels. For the banking index, he expects a higher zone at 44,825-44,950 levels and a strong sell zone at 45,275-45,375 levels. 

ANIL SINGHVI MARKET STRATEGY  

• FII index longs at 56 per cent vs 61 per cent the previous day

• Nifty put-call ratio (PCR) at 0.99 vs 0.80

• Nifty Bank PCR at 0.72 vs 0.82

• Fear index India VIX up three per cent at 10.82

   

For existing long positions:

• Nifty intraday stop loss at 19,700 and closing stop loss at 19,500

• Nifty Bank intraday and closing stop loss at 44,500

   

For existing short positions:

• Nifty intraday and closing stop loss at 19,900

• Nifty Bank intraday stop loss at 45,000 and closing stop loss at 45,400

   

For new positions in Nifty:

• Sell Nifty with a stop loss at 19,850 for targets of 19,700, 19,650, 19,625, 19,600, 19,550 and 19,525

• Aggressive traders can buy Nifty in the 19,525-19,650 range with a strict stop loss at 19,425 for targets of 19,700, 19,750, 19,800, 19,820, 19,850 and 19,875

For new positions in Nifty Bank:

• Sell Nifty Bank with a stop loss at 45,000 for targets of 44,525, 44,425, 44,325, 44,200, 44,125 and 44,000

  Aggressive traders can buy Nifty Bank in the 44,000-44,200 range with a strict stop loss at 43,900 for targets of 44,325, 44,425, 44,500, 44,600, 44,675 and 44,775

Stocks in F&O ban:

• Out of ban: Chambal Fertilisers

• Already in ban: Hindustan Copper, PNB, Delta Corp, Balrampur Chini, BHEL, Zee Entertainment Enterprises, Manappuram, Indiabulls Housing Finance

• New in ban: None

   

Stock of the day:
Buy PNB Gilts shares with a stop loss at Rs 66 for targets of Rs 75, Rs 78 and Rs 81

• JPMorgan adds India to its emerging market bond index

Listing previews:

SAMHI Hotels 

• Expected to list around a little above the issue price of Rs 126
• Short-term investors can keep a stop loss at Rs 125
• We asked high risk investors to hold for two years

Zaggle Prepaid Ocean Services 

• Expected to list in the Rs 170-175 range
• Short-term investors can keep a stop loss at the issue price of Rs 164
• We asked high risk Investors to apply for the long term

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