Anil Singhvi Market Strategy August 13: 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 Tuesday, August 13. For the Nifty Bank, he expects support to come in at 50,125-50,275 levels and a strong buy zone at 49,825-50,000 levels.
He expects a higher zone for the headline index coming in at 24,400-24,475 levels and a profit-booking zone at 24,500-24,575 levels. For the banking index, he expects a higher zone at 50,750-50,875 levels 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: Negative
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
FII long positions at 51 per cent vs 52 per cent the previous day
Nifty put-call ratio (PCR) at 1.03 vs 1.09
Nifty Bank PCR at 0.99 vs 0.90
India VIX up two per cent at 15.69
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday stop loss at 24,175 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 stop loss at 24,500 and closing stop loss at 24,400
Nifty Bank intraday and closing stop loss at 50,850
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 24,350, 24,400, 24,425, 24,475, 24,500 and 24,575
Aggressive traders can sell Nifty in the 24,400-24,500 range with a strict stop loss at 24,600 for targets of 24,350, 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 50,000-50,150 range with a strict stop loss at 49,800 for targets of 50,275, 50,375, 50,475, 50,575, 50,650, 50,725 and 50,825
Aggressive traders can sell Nifty Bank in the 50,825-50,975 range with a strict stop loss at 51,100 for targets of 50,725, 50,575, 50,500, 50,425, 50,375, 50,300 and 50,150
Stocks in F&O ban
New in ban: Sun TV
Out of ban: GNFC
Already in ban: SAIL, Biocon, Granules, Bandhan Bank, PNB, AB Fashion, LIC Housing Finance, Manappuram Finance, Hindustan Copper, AB Capital, IndiaMART, Birlasoft, RBL Bank, India Cements
Results Review: Hindustan Copper
The market wizard suggests booking profits in case of a big run-up in the market, citing excellent quarterly results on all fronts with a strong margin of 38 per cent.
He sees support for Hindustan Copper futures coming in at Rs 292, and higher levels at Rs 309 and Rs 316.
Results Review: NMDC
The market guru also suggests booking profits in NMDC shares citing the company's better-than-expected results.
He expects support for the futures coming in at Rs 220 and Rs 223, and a higher level at Rs 235.
Stock of the Day | Buy Vodafone Idea futures, says Anil Singhvi
The market wizard suggests buying Vodafone Idea futures for targets of Rs 16.3, Rs 16.45 and Rs 16.65 with a stop loss at Rs 15.9, citing in-line results.
Stock of the Day | Buy Senco Gold shares, says Anil Singhvi
The market guru suggests buying Senco Gold shares for targets of Rs 1,070, Rs 1,085 and Rs 1,100 with a stop loss at Rs 1,010, citing strong financial results with an 82 per cent jump in its net profit for the June quarter.
Stock of the Day | Buy Tilaknagar Industries shares, says Anil Singhvi
The market wizard suggests buying Tilaknagar Industries shares with a stop loss at Rs 235 for targets of Rs 245, Rs 250 and Rs 254.
Stock of the Day | Buy Signature Global shares, says Anil Singhvi
The market guru suggests buying Signature Global shares for targets of Rs 1,470, Rs 1,485 and Rs 1,500 with a stop loss at Rs 1,425.
Motilal Oswal Financial Services has initiated coverage on the stock with a target of Rs 2,000 per share.
Stock of the Day | Buy Balrampur Chini futures, says Anil Singhvi
The market wizard suggests buying Balrampur Chini futures for targets of Rs 508, Rs 515 and Rs 520 with stop loss at Rs 492.