Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,350-19,400 levels and a strong buy zone at 19,250-19,300 levels on Monday, September 4. For the Nifty Bank, he expects support at 44,125-44,250 levels and a strong buy zone at 43,850-44,000 levels.

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

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

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Singhvi sees a higher zone in the Nifty at 19,475-19,535 levels and a strong sell zone at 19,565-19,650 levels. For the banking index, he sees a higher zone at 44,575-44,675 levels and a profit-booking zone at 44,775-44,850 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi believes the market is ready to break out of its recent range amid mixed cues.

The market may find it difficult to overcome stiff resistance at 19,550-19,650 and 44,800-45,000 levels in one go for the Nifty and the Nifty Bank, respectively, he adds.

  • FII index long positions unchanged at 51 per cent
  • Nifty put-call ratio (PCR) at 1.30 vs 1.19
  • Nifty Bank PCR at 1.13 vs 0.79
  • Fear index India VIX down six per cent at 11.37

For existing long positions:

  • Nifty intraday and closing stop loss at 19,225
  • Nifty Bank intraday and closing stop loss at 44,000

For existing short positions:

  • Nifty intraday stop loss at 19,600 and closing stop loss at 19,500
  • Nifty Bank intraday stop loss at 44,625 and closing stop loss at 44,550

For new positions in Nifty:

  • The best range to buy Nifty is 19,340-19,385 with a stop loss at 19,225 for targets of 19,425, 19,450, 19,475, 19,500, 19,535 and 19,565
  • The best range to sell Nifty is 19,475-19,565 with a stop loss at 19,650 for targets of 19,450, 19,425, 19,385, 19,365, 19,340 and 19,300

For new positions in Nifty Bank:

  • The best range to buy Nifty Bank is 44,000-44,200 with a stop loss at 43,800 for targets of 44,275, 44,350, 44,425, 44,500, 44,575 and 44,625
  • Aggressive traders buy Nifty Bank with a strict stop loss at 44,200 for targets of 44,500, 44,575, 44,625, 44,675, 44,725, 44,775, 44,850 and 44,950
  • The best range to sell Nifty Bank is 44,675-44,825 with a stop loss at 45,000 for targets of 44,675, 44,625, 44,575, 44,525, 44,425, 44,350 and 44,200

Stocks in F&O ban:

  • New in ban: Indiabulls Housing Finance
  • Out of ban: None
  • Already in ban: None

Stocks of the day:

Buy L&T futures with a stop loss at Rs 2,700 for targets of Rs 2,740, Rs 2,750, Rs 2,770 and Rs 2,790

  • Big single international order of Rs 25,000 expected soon
  • Strong management commentary on growth outlook

Buy Shree Cement futures with a stop loss at Rs 24,000 for targets of Rs 24,500, 24,750, Rs 25,000 and Rs 25,400

  • Cement companies hiked prices over the weekend
  • Nomura has upgraded to 'buy', raised its price target from Rs 20,400 to Rs 27,800

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