Anil Singhvi Market Strategy (Feb 13): 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 25,575-25,700 and a stronger support zone at 25,425-25,500 levels on Friday, February 13.

The market wizard sees support for the Nifty Bank at 60,325-60,525 levels and a strong buy zone at 60,050-60,235 levels.

How market guru Anil Singhvi sums up the trade setup:

Add Zee Business as a Preferred Source

• Global: Negative
• FII: Neutral
• DII: Neutral
• F&O: Neutral
• Sentiment: Cautious
• Trend: Neutral

• FII long positions at 22.01 per cent vs 22.14 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 0.83 vs 1.06

• Bank Nifty PCR at 1.15 vs 1.18

• Volatility index India VIX up 1.5 per cent at 11.72

For the headline index, the market wizard expects a higher zone at 25,775-25,865 levels and a strong sell zone at 25,900-26,000 levels.

For the banking index, he expects a higher zone at 60,850-61,000 levels with the next big target, once it is above the 61,000 mark, near 61,500.

AI fears rattle global markets

• AI fears are weighing on markets globally; Dalal Street, Wall Street bearing the brunt of those fears
• There are two major concerns regarding AI:
  • Is there excessive investment going into AI? Will companies actually earn returns after spending so much capital in AI?
  • Could AI pose a threat to traditional businesses? What happens if AI fails to generate profits and disrupts existing businesses?

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

For existing long positions:

• Nifty intraday and closing stop loss at 25,700
• Nifty Bank intraday and closing stop loss at 60,450

For existing short positions:

• Nifty intraday and closing stop loss at 26,000
• Nifty Bank intraday stop loss at 61,000 and closing stop loss at 60,800

For new positions in Nifty50:

• Sell Nifty with a stop loss at 25,900 for targets of 25,700, 25,650, 25,575, 25,500, 25,450 and 25,425

• Aggressive traders can buy Nifty in the 25,500-25,650 range with a strict stop loss at 25,400 for targets of 25,700, 25,750, 25,800, 25,865 and 25,900

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank in the 60,850-61,000 range with a strict stop loss at 61,100 for targets of 60,675, 60,600, 60,525, 60,450, 60,325 and 60,235

• The best range to buy Nifty Bank is 60,250-60,500 with a stop loss at 60,050 for targets of 60,600, 60,675, 60,750, 60,850 and 61,000

Futures & options (F&O) ban

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

Buzzing stocks

Sell Infosys Futures for targets of Rs 1,360, Rs 1,340 and Rs 1,325 with a stop loss at Rs 1,410

• ADRs fell 10 per cent on Thursday
• Recommended a 'sell' before February 12's trade

Sell Wipro futures for targets of Rs 217, Rs 213 and Rs 210 with a stop loss at Rs 226

• ADRs fell 4.5 per cent on Thursday
• Recommended a 'sell' before February 12's trade

Buy Honasa (Mamaearth) shares for targets of Rs 303, Rs 307 and Rs 310 with a stop loss at Rs 295

• Extraordinary performance
• Margin doubled to 10.9 per cent

Sell Hindalco futures for targets of Rs 955, Rs 945 and Rs 930 with a stop loss at Rs 970

• Weak results on all parameters
• Novelis results weak as well
• Metals are down globally
• The stock has rallied 21 per cent in three months

Coal India

• Results better than expectations
• Strong operational performance
• The stock has risen 9 per cent in three months

ONGC

• Results slightly better than expectations
• The stock has already surged 17 per cent in a month
• Crude oil is little weak on Thursday

Muthoot Finance

• Extraordinary performance
• Best-ever quarterly results
• Record gold loan growth
• Strong 45 per cent growth guidance
• The stock has gained 14 per cent in a week and 22 per cent in a month but there is still potential to further upside
• Alternatively, one can look at buying Manappuram

Biocon

• Another weak quarter
• Performance not up to mark
• The stock has declined 8 per cent in three months

Lupin

• Another bumper quarter
• Strong results sequentially
• The stock is up 9 per cent in three months

Petronet LNG

• Mixed results, nothing exciting

PI Industries

• Week performance on all parameters
• Concall at 9:30 AM
• If concall is not convincing the stock can fall big
• Stock fell 10% in 3 months

Indian Hotels

• Strong results as expected