Anil Singhvi's Strategy February 28: Buy Nifty in 10725-10750 range, Sell Jet Air Cash

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

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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