Anil Singhvi Market Strategy August 12: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,210-24,310 levels and a strong buy zone at 24,075-24,175 levels on Monday, August 12. For the Nifty Bank, he expects support to come in at 50,150-50,275 levels and a strong buy zone at 50,000-50,125 levels.
He expects a higher zone for the headline index coming in at 24,375-24,425 levels and a profit-booking zone at 24,475-24,525 levels. For the banking index, he expects a higher zone at 50,750-50,875 and a profit-booking zone at 50,975-51,075 levels.
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Here's how Anil Singhvi sums up the market setup
Global: Neutral
FII: Positive
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
FII long positions at 52 per cent vs 51 per cent the previous day
Nifty put-call ratio (PCR) at 1.09 vs 1.04
Nifty Bank PCR at 0.90 vs 0.86
Indian VIX down eight per cent at 15.34
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday stop loss at 24,275 and closing stop loss at 24,000
Nifty Bank intraday and closing stop loss at 50,000
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday and closing stop loss at 24,425
Nifty Bank intraday and closing stop loss at 50,750
Anil Singhvi Market Strategy | For new positions in Nifty50
Aggressive traders can buy Nifty in the 24,210-24,310 range with a strict stop loss at 24,175 for targets of 24,335, 24,375, 24,400, 24,425, 24,475 and 24,500
Aggressive traders can sell Nifty in the 24,400-24,500 range with a strict stop loss at 24,550 for targets of 24,335, 24,310, 24,210, 24,185, 24,125 and 24,075
Anil Singhvi Market Strategy | For new positions in Nifty Bank
Aggressive traders can buy Nifty Bank in the 50,150-50,300 range with a strict stop loss at 50,000 for targets of 50,375, 50,475, 50,550, 50,675, 50,750 and 50,875
Aggressive traders can sell Nifty Bank in the 50,750-50,875 range with a strict stop loss at 51000 Tgt 50675, 50550, 50500, 50375, 50300, 50150
Stocks in F&O ban
New in ban: SAIL, Biocon, Granules, Bandhan Bank
Already in ban: PNB, AB Fashion, LIC Housing Finance, Manappuram Finance, Hindustan Copper, AB Capital, IndiaMART, Birlasoft, RBL Bank, India Cements, GNFC
Out of ban: None
Will the market be impacted by Hindenburg Research report? If so, how much?
Sentiment weak in Adani group stocks
Negative news comes right before Adani Enterprises QIP
Stocks that have staged some strength in the past few days will faec profit-booking
One should adopt a 'wait and watch' strategy
No major impact on the market as a whole
Such allegations affect investor sentiment
Investigations will reveal the truth
Investors need not panic
Traders should be cautious with their positions
Stock of the Day | Buy Jubilant FoodWorks futures, says Anil Singhvi
The market guru suggests buying Jubilant FoodWorks futures for targets of Rs 610, Rs 620 and Rs 627
with a stop loss at Rs 588.
The company's results were in line with estimates, with impressive growth in its delivery business at 12 per cent, he points out.
Stock of the Day | Sell Aurobindo Pharma futures, says Anil Singhvi
The market wizard suggests selling Aurobindo Pharma futures for targets of Rs 1,435 and Rs 1,420 with a stop loss at Rs 1,470 citing little-below-estimates financial results.
The stock has already run up due to its buyback, and one can expect some profit booking in it, he adds.
Stock of the Day | Buy Aarti Industries futures, says Anil Singhvi
The market guru suggests buying Aarti Industries futures with targets of Rs 765 and Rs 777 with a stop loss at Rs 733.
Stock of the Day | Buy Siemens futures, says Anil Singhvi
The market guru suggests sell Siemens futures for targets of Rs 6,765, Rs 6,715 and Rs 6,675 with a
stop loss at Rs 6,900.
