Anil Singhvi Market Strategy (March 13): Important levels to track in Nifty 50, Nifty Bank today, top recommendations & more

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 22,325-22,425 levels and a strong buy zone at 22,125-22,250 levels on Thursday, March 13. For the Nifty Bank, he expects support at 22,575-22,675 levels nad a strong sell zone at 22,725-22,825 levels. Read to learn about the market wizard's views for the day. 

How market guru Anil Singhvi sums up trade setup this morning: 

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Negative

• FII long positions unchanged at 18 per cent as before Wednesday's session

• Nifty put-call ratio (PCR) at 0.96 vs 1.09

• Nifty Bank PCR at 0.98 vs 0.94

• India VIX down three per cent at 13.69

The market wizard sees a higher zone at 22,575-22,675 levels and a strong sell zone at 22,725-22,825 levels for the headline index.

For the banking index, he expects a higher zone at 48,225-48,375 levels and a strong sell zone at 48,475-48,675 levels. 

EDITOR'S TAKE 

• See-saw moves have returned on Wall Street
• Global signals look stable 
• FII outflows are subsiding
• The market is not rising rapidly but offers support for buying at lower levels
• Investors need not panic anymore
• Market sentiment is more stable now but it may be a while before a strong buying emerges
• Weekly F&O expiries above 22,550 and 48,500 will boost market confidence, respectively
• The best strategy is to buy at key support levels

ANIL SINGHVI MARKET STRATEGY

For existing long positions: 

• Nifty intraday and closing stop loss at 22,300

• Nifty Bank intraday and closing stop loss at 47,700

For existing short positions:

• Nifty intraday and closing stop loss at 22,600

• Nifty Bank intraday and closing stop loss at 48,250

For new positions in Nifty50:

• The best range to buy Nifty is 22,325-22,425 with a stop loss at 22,225 for targets of 22,500, 22,550, 22,575, 22,625 and 22,675

• Aggressive traders can sell Nifty in the 22,575-22,675 range with a strict stop loss at 22,725 for targets of 22,525, 22,475, 22,425, 22,400 and 22,325

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 47,700-47,850 range with a strict stop loss at 47,600 for targets of 47,975, 48,050, 48,200, 48,300 and 48,375

• Aggressive traders can sell Nifty Bank in 48,500-48,700 range with a strict stop loss at 48,800 for targets of 48,375, 48,300, 48,200, 48,125 and 48,050

ANIL SINGHVI SHARES HOLI STOCK PICK | Invest in Vedanta for 1-3 years, targets Rs 525, Rs 650 and Rs 750

The market guru suggests investors buy amid overall weakness on Dalal Street. Here are some other key points he highlights:

• It is the most diversified metal company
• A proposed merger into six separate entities is set to complete in the next financial year
• At the current price, the stock offers an attractive dividend yield of 10 per cent
• Concerns about its parent's debt obligations are now out of the way

F&O Ban and Update

• Already in ban: IndusInd Bank, SAIL, BSE, Hindustan Copper, Manappuram Finance

• New in ban: None

• Out of ban: None

ANIL SINGHVI SHARES STOCKS OF THE DAY: Adani Green, Indian Hotels 

Buy Adani Green futures for targets of Rs 865, Rs 872 and Rs 880 with a stop loss at Rs 840 

• Strong demand is expected for power assuming a good summer season
• Macquarie has released a bullish report with a target price of Rs 1,200

Buy Indian Hotels futures for targets of Rs 758, Rs 765 and Rs 770 with a stop loss at Rs 740 

• The stock is trading at attractive levels after a recent correction
• UBS has maintained a 'buy' rating with a target of Rs 925

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