Anil Singhvi's Strategy February 27: Buy Nifty in 10725-10750 range; Dhanlakshmi Bank is stock of the day
The BSE Sensex headed northward by 212 points regaining the psychological 36,000 levels while the 50-stock Nifty added 54 points and tested the 10,900 resistance. In such a market scenario, Zee Business Managing Editor Anil Singhvi reveals his strategy.
The Indian indices have welcomed the IAF air strikes yesterday by adding more than half a per cent in the opening bell on Wednesday. The BSE Sensex headed northward by 212 points regaining the psychological 36,000 levels while the 50-stock Nifty added 54 points and tested the 10,900 resistance. In such a market scenario, Zee Business Managing Editor Anil Singhvi reveals his strategy.
Market strategy on 27th February:
Nifty 10800-10875 small trade range. 10750-10900 medium range. 10725-10925 extreme range
BankNifty 26900-27050 small trade range. 26800-27150 medium range. 26650-27200 extreme range
If Nifty goes below 10,775 and BankNifty closes below 26,900, then you may reduce your holdings.
For Existing Long Positions:
Nifty Intraday SL 10850 already triggered yesterday
Nifty Closing SL 10775 Target 10900, 10925
BankNifty Intraday SL 27000 triggered
BankNifty Closing SL 26900 Target 27150, 27200
For Existing short positions:
Nifty and BankNifty Intraday and closing SL already triggered
For New Positions:
Buy Nifty in 10725-10750 range:
SL 10700 Target 10800, 10850
Sell Nifty in 10875-10925 range:
SL 10975 Target 10825, 10875
Buy BankNifty in 26750-26800 range:
SL 26650 TGT 26900, 27000, 27050
Sell BankNifty in 27150-27200 range:
SL 27300 TGT 27050, 27000
PCR 1.40 VIX up by 11% at 17.11
New in F&O Ban: Nil
Out of Ban: Allahabad Bank
5 Already in Ban: Jet Air, Rel Power, Adani Ent, IDBI, Adani Power
Stock of the Day:
Buy Dhanlakshmi Bank:
SL 14.50 Target 15, 16
Bank is now out of PCA
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