Anil Singhvi's Strategy February 28: Buy Nifty in 10725-10750 range, Sell Jet Air Cash
In Aaj Ka Hero the Managing Editor of the Zee Business suggests market investors to sell Jet Air Cash for the target of 215, 201 taking stop loss at 232.
Even though Indian indices surge higher and the BSE Sensex regain the psychological 36,000 levels, the Indian investors are still in limbo as the Indo-Pak tension is still not over. In such a market scenario, Managing Editor of the Zee Business Anil Singhvi comes out with the market strategy for February 28th.
Zee Business managing Editor Anil Singhvi's 28th Feb Strategy:
Global: Neutral
TRENDING NOW
FII: Positive
DII: Neutral
F&O: Neutral
Sentiment: Cautious
Trend: Neutral
Nifty 10800 BankNifty 26800 nirnayak level
Nifty 10750-10835 small trade range. 10725-10875 medium range. 10650-10935 extreme range
BankNifty 26700-26900 small trade range. 26600-27000 medium range. 26500-27150 extreme range
VIX up by 10% at 18.90, indicating possible increase in volatility
For Existing Long Positions:
Nifty Intraday SL already triggered
Nifty Closing SL 10775 Tgt 10875, 10925
BankNifty Intraday SL 26700 Tgt 26900, 27000
BankNifty Closing SL 26650 Tgt 26900, 27000, 27050
For Existing short positions:
Nifty Intraday SL 10925 Tgt 10750, 10725
Nifty Closing SL 10900 Tgt 10750, 10725, 10650
BankNifty Intraday SL 27000 Tgt 26700, 26650
BankNifty Closing SL 27150 Tgt 26650, 26500
For New Positions:
Buy Nifty in 10725-10750 range:
SL 10700 Tgt 10800, 10835
Sell Nifty in 10875-10925 range:
SL 10975 Tgt 10825, 10800, 10750
Buy BankNifty in 26600-26650 range:
SL 26500 TGT 26800, 26900, 27000
Sell BankNifty in 27000-27050 range:
SL 27200 TGT 26900,26800, 26700
PCR 1.37 VIX up by 10% at 18.90
Sectors:
Negative: IT, Metals, Oil Companies, Aviation
New in F&O Ban: Nil
Out of Ban: Jet Air, IDBI
3 Already in Ban: Rel Power, Adani Ent, Adani Power
Stock of the Day:
Sell Wipro Cash:
SL 380 Tgt 365, 360, 350
Morgan Stanley also downgraded with target of 300
Aaj Ka Hero:
Sell Jet Air Cash:
SL 232 Tgt 215, 210
Higher crude, stable rupee, more aircrafts grounded
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