Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 21,925-22,025 and a strong buy zone at 21,800-21,900 levels for the headline Nifty50 index on Friday, March 15. For the Nifty Bank, he expects support to come in at 46,375-46,575 and a stronger support zone at 46,050-46,175 levels.

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

• Global: Negative

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Cautious

• Trend: Positive

   

The market wizard expects a higher zone for the headline index at 22,125-22,200 and a strong sell zone at 22,250-22,350 levels. For the banking index, Singhvi expects a higher zone at 47,025-47,225 and a strong sell zone at 47,325-47,525 levels. 

ANIL SINGHVI MARKET STRATEGY  

• FII index longs at 39 per cent vs 40 per cent the previous day
• Nifty put-call ratio (PCR) at 1.12 vs 0.65
• Nifty Bank PCR at 0.82 vs 0.86
• Volatility index India VIX down 5.5 per cent at 13.62

For existing long positions:

• Nifty intraday stop loss at 21,900 and closing stop loss at 21,950

• Nifty Bank intraday stop loss at 46,500 and closing stop loss at 46,750

   

For existing short positions:

• Nifty intraday and closing stop loss at 22,225

• Nifty Bank intraday stop loss at 47,050 and closing stop loss at 47,350

   

For new positions in Nifty:

• Aggressive traders can buy Nifty in the 21,900-22,000 range with a strict stop loss at 21,800 for targets of 22,075, 22,125, 22,150, 22,200, 22,250 and 22,300

• Aggressive traders can sell Nifty in the 22,200-22,300 range with a strict stop loss at 22,400 for targets of 22,150, 22,075, 22,025, 22,000, 21,925 and 21,900

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 46,375-46,575 range with a strict stop loss at 46,300 for targets of 46,725, 46,775, 46,850, 46,975, 47,125 and 47,225

• Aggressive traders can sell Nifty Bank in the 47,225-47,425 range with a strict stop loss at 47,600 for targets of 47,025, 46,900, 46,800, 46,725, 46,575 and 46,525

F&O ban update

• New in ban: BHEL
• Out of ban: Hindustan Copper
• Already in ban: RBL Bank, NALCO, Piramal Enterprises, AB Fashion, Tata Chemicals, SAIL, Manappuram Finance, Zee Entertainment Enterprises

Stock of the day

Sell HPCL futures with a stop loss at Rs 510 for targets of Rs 483 and Rs 475

• Petrol, diesel prices cut by Rs 2 per litre across the country 
• Don’t short if the stock makes a big gap-down opening
• Buying expected from lower levels if the fall is big

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