Anil Singhvi Market Strategy (Feb 17): 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 25,475-25,575 levels and a strong buy zone at 25,375-25,450 levels on Tuesday, February 17.

The market wizard sees support for the Nifty Bank at 60,450-60,650 levels and a strong buy zone at 60,075-60,235 levels.

How market guru Anil Singhvi sums up the trade setup:

Add Zee Business as a Preferred Source

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

• FII long positions at 20.06 per cent vs 19.37 per cent before Monday's session

• Nifty put-call ratio (PCR) at 1.11 vs 0.63

• Nifty Bank PCR at 1.20 vs 0.92

• Volatility index India VIX up 0.28 per cent at 13.33

For the headline index, the market wizard expects a higher zone at 25,700-25,800 levels and a strong sell zone at 25,865-26,000 levels.

For the banking index, beyond the 61,050 mark, he expects the next big target near 61,500.

EDITOR'S TAKE | It's a 'no trigger' day...

The market wizard points out that Tuesday is set to be a "no trigger day" given that Wall Street was shut overnight and the domestic earnings season has ended.

There is no major volatility in metals, he points out.

He also mentions that even US President Donald Trump’s social media handle is quiet and IT stocks have paused after the AI fears-linked chaos last week.

What to do if Dalal Street makes a gap-down opening?

Singhvi believes the market is unlikely to slide below Monday's lows. In case of a gap-down start to the day, a good buying range for the Nifty50 will be 25,375-25,500, according to him.

The Nifty bank is set to lead a recovery on Dalal Street in that case, with a strong uptrend expected to build up above the 61,000 mark, he adds.

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

For existing long positions:

• Nifty intraday stop loss at 25,625 and closing stop loss at 25,450
• Nifty Bank intraday stop loss at 60,450 and closing stop loss at 60,600

For existing short positions:

• Nifty intraday and closing stop loss at 25,725
• Nifty Bank intraday and closing stop loss at 61,100

For new positions in Nifty50:

• Aggressive traders can sell Nifty with a strict stop loss at 25,825 for targets of 25,625, 25,575, 25,500, 25,450, 25,375 and 25,325

• Aggressive traders can buy Nifty in the 25,450-25,575 range with a strict stop loss at 25,350 for targets of 25,625, 25,675, 25,700, 25,750, 25,775 and 25,815

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 60,450-60,650 with a stop loss at 60,200 for targets of 60,750, 60,800, 60,875, 60,950 and 61,000

• Above 61,050, the next big target is placed near 61,500; one may hold on to their long positions with a trailing stop loss

• There is no sell signal in Nifty Bank yet; those looking to short should keep a strict stop loss at 61,100

Futures & options (F&O) ban

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