Anil Singhvi Market Strategy (Feb 11): 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 25,775-25,875 levels and a strong buy zone at 25,650-25,750 levels on Wednesday, February 11.

The market wizard sees support for the Nifty Bank at 60,235-60,400 levels and a strong buy zone at 60,000-60,150 levels.

How market guru Anil Singhvi sums up the trade setup:

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

• FII long positions at 21.69 per cent vs 18.96 per cent before Tuesday's session

• Nifty put-call ratio (PCR) at 1.17 vs 1.11

• Nifty Bank PCR at 1.05 vs 1.07

• Volatility index India VIX down 4 per cent at 11.66

For the headline index, the market wizard expects a higher zone at 26,000-26,125 levels and a strong sell zone at 26,175-26,275 levels.

For the banking index, he expects a higher zone at 60,775-60,875 levels with the next big target, once it is above the 61,000 mark, near 61,500.

Positives signals

• Three straight days of FII inflows
• A second straight day of DII inflows
• Wall Street strong for a second straight session
• Nifty50 has risen for three days in a row
• Strong results from blue-chip companies
• Good results from midcap companies
• Risk from major domestic events already behind
• Some confidence building up about the rally
• Everyone wants to sell every rise; there is hardly anyone looking to buy
• Gradual gains are healthy

Key risks

• The market is still in a dilemma about whether FII buying will last for good
• DII buying is somewhat subdued
• US-Iran tensions persist
• There is a risk of a fresh shock before the India-US trade deal is implemented in March

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

For existing long positions:

• Nifty intraday stop loss at 25,850 and and closing stop loss at 25,775
• Nifty Bank intraday stop loss at 60,400 and closing stop loss at 60,225

For existing short positions:

• Nifty intraday and closing stop loss at 26,050
• Nifty Bank intraday stop loss at 60,900 and closing stop loss at 60,700

For new positions in Nifty50:

• The best range to buy Nifty is 25,775-25,875 with a stop loss at 25,650 for targets of 25,925, 25,975, 26,000, 26,050, 26,125 and 26,175

• Aggressive traders can sell Nifty in the 26,000-26,125 range with a strict stop loss at 26,250 for targets of 25,935, 25,875, 25,820, 25,775, 25,750 and 25,700

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 60,200-60,400 range with a strict stop loss at 60,000 for targets of 60,500, 60,600, 60,675, 60,775, 60,875 and 61,000

• Aggressive traders can sell Nifty Bank in the 60,800-61,000 range with a strict stop loss at 61,100 for targets of 60,675, 60,625, 60,525, 60,400, 60,325 and 60,235

Futures & options (F&O) ban

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

How to trade buzzing stocks | Titan, Grasim, OIL India, Britannia, Apollo Hospitals...

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

Titan

• 18 per cent beat in Q3 EBIT
• Strong margins
• Revenue growth better than estimates
• Buy Titan futures for targets of Rs 4,330, Rs 4,390 and Rs 4,490 with a stop loss at Rs 4,235

Grasim

• Results mildly positive
• Strong 14% growth in paint revenue

Apollo Hospitals Enterprise

• In-line to slightly positive results
• Strong operational performance

Jubilant FoodWorks

• Strong results
• The stock has already risen 10 per cent in a week

Torrent Power

• Strong results
• The stock has already risen 4 per cent on Tuesday, 8 per cent in a week and 12 per cent in a month

Britannia

• In-line results
• Strong operational performance
• EBITDA is higher than expected

OIL India

• Results weak on all fronts

UBL

• Volume growth slightly lower but strong operational performance
• Strong margin outlook by management
• The only problem is the stock has risen 5.6 per cent on Tuesday
• Buy UBL shares in the spot market for targets of Rs 1,640, Rs 1,660 and Rs 1,700 with a stop loss at Rs 1,600

HEG

• Extraordinary performance
• Buy HEG shares in the cash segment for targets of Rs 570, Rs 580 and Rs 595 with a stop loss at Rs 550