Anil Singhvi Market Strategy (Feb 10): How to trade Nifty50, Nifty Bank today

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 25,700-25,815 levels and a strong buy zone at 25,575-25,650 levels on Tuesday, February 10.

The market wizard sees support for the Nifty Bank at 60,350-60,500 levels and a strong buy zone at 60,115-60,300 levels.

How market guru Anil Singhvi sums up the trade setup:

Add Zee Business as a Preferred Source

• Global: Positive
• FII: Positive
• DII: Neutral
• F&O: Neutral
• Sentiment: Positive
• Trend: Neutral

• FII long positions at 18.96 per cent vs 18.32 per cent before Monday's session

• Nifty put-call ratio (PCR) at 1.11 vs 0.97

• Nifty Bank PCR at 1.07 vs 0.96

• Volatility index India VIX up 2 per cent at 12.19

For the headline index, the market wizard expects a higher zone at 25,925-26,000 levels and a profit-booking zone at 26,050-26,175 levels.

For the banking index, he expects a higher zone at 60,875-61,000 levels, with the next big target once it is above the 61,000 mark near 61,500.

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty50 and Nifty Bank

For existing long positions:

• Nifty intraday and closing stop loss at 25,750
• Nifty Bank intraday stop loss at 60,400 and closing stop loss at 60,200

For existing short positions:

• Nifty intraday stop loss at 26,000 and closing stop loss at 25,925
• Nifty Bank intraday stop loss at 61,000 and closing stop loss at 60,875

For new positions in Nifty50:

• Buy Nifty with a stop loss at 25,750 for targets of 25,900, 25,935, 26,000, 26,050, 26,125 and 26,175

• Aggressive traders can sell Nifty in the 25,975-26,125 range with a strict stop loss at 26,250 for targets of 25,925, 25,875, 25,825, 25,775, 25,750 and 25,700

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank with a strict stop loss at 60,400 for targets of 60,500, 60,650, 60,850 and 60,975; once the index crosses the 61,000 mark, one may hold on to their long positions with a trailing stop loss for the next big target near 61,500

• Aggressive traders can sell Nifty Bank in the 60,875-61,000 range with a strict stop loss at 61,100 for targets of 60,675, 60,500, 60,375, 60,325, 60,250 and 60,150

Futures & options (F&O) ban

• New in ban: SAIL
• Already in ban: Sammaan Capital
• Out of ban: None

How to trade buzzing stocks | BSE, Aurobindo Pharma, Navin Fluorine...

Here's how the market guru views some of the companies making headlines now:

BSE

Buy BSE futures for targets of Rs 3,025, Rs 3,050 and Rs 3,090 with a stop loss at Rs 2,925

• Earnings are outstanding on all fronts
• F&O revenue doubled

Aurobindo Pharma

• Results are not as bad as they look
• Europe and USA businesses doing good
• Clarity awaited in concall scheduled at 8:30 am

Amber Enterprises

• Results are good but not great
• Strong growth in the electronics segment
• EBITDA is better than expected

Buy Navin Fluorine shares in the spot market for targets of Rs 6,800, Rs 6,950 and Rs 7,100 with a stop loss at Rs 6,550

• Results are strong on all fronts
• The operational performance is extraordinarily strong
• The stock is set to be Tuesday's 'hero’