Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 25,625-25,700 levels and a strong buy zone at 25,475-25,575 levels on Tuesday, January 13. The market wizard sees support for the Nifty Bank emerging at 59,150-59,250 levels and a strong buy zone at 58,800-59,000 levels.
How market guru Anil Singhvi sums up the trade setup:
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Cautious
Trend: Positive
FII long positions at 7.78 per cent vs 7.53 per cent before Monday's session
Nifty put-call ratio (PCR) at 0.90 vs 0.62
Nifty Bank PCR at 0.98 vs 0.91
Volatility index India VIX has risen 4 per cent to 11.36
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For the headline index, the market wizard expects a higher zone at 25,875-25,975 levels and a strong sell zone at 26,000-26,125 levels.
For the banking index, he expects a higher zone at 59,575-59,750 levels and a strong sell zone at 59,800-59,975 levels.
Major Dalal Street triggers | What may impact Nifty50 and Nifty Bank today?
- United States is turning more aggressive on Iran
- There is progress on the US-India trade deal front
- FIIs are selling rapidly
- Investors will be reacting to TCS and HCLTech results today
- Strength in crude oil rates
- Rupee weakness
- A strong start to the earnings season, with TCS & HCLTech results
- Wall Street indices at record highs
- Monday’s recovery on Dalal Street has eased fears slightly
- Nifty Bank has not broken key support and taken lead in the recovery
- Net DII inflows have continued for 95 consecutive sessions
- Continued FII outflows despite mild recovery on Monday
- There are signs of rising tensions linked to Iran
- Crude oil has scaled a two-month peak
- There is no sign of strength in the rupee vs the dollar
- There is low confidence in Monday’s recovery; sentiment weak
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
- Nifty intraday and closing stop loss at 25,600
- Nifty Bank intraday stop loss at 59,000 and closing stop loss at 59,150
For existing short positions:
- Nifty intraday stop loss at 26,000 and closing stop loss at 25,950
- Nifty Bank intraday and closing stop loss at 59,600
For new positions in Nifty50:
- Aggressive traders can buy Nifty in the 25,625-25,700 range with a strict stop loss at 25,550 for targets of 25,775, 25,815, 25,875, 25,935, 25,975 and 26,000
- Aggressive traders can sell Nifty in the 25,875-26,000 range with a strict stop loss at 26,125 for targets of 25,815, 25,775, 25,750, 25,700, 25,625 and 25,550
For new positions in Nifty Bank:
Aggressive Traders can buy Nifty Bank in the 59,075-59,250 range with a strict stop loss at 58,850 for targets of 59,450, 59,550, 59,675, 59,750, 59,800 and 59,975
Aggressive traders can sell Nifty Bank in the 59,675-59,800 range with a strict stop loss at 60,000 for targets of 59,575, 59,450, 59,375, 59,300, 59,250 and 59,150
How to trade TCS and HCLTech
Buy TCS futures for targets of Rs 3,265 and Rs 3,290 with a stop loss at Rs 3,190
- Results are in line with estimates
- There were low expectations, hence there is no disappointment as such
- Margin is stable but outlook and guidance are strong
Buy HCLTech futures for targets of Rs 1,675, Rs 1,690 and Rs 1,710 with a stop loss at Rs 1,634
- Strong revenue growth
- Operational results have met analyst expectations
- Results are better compared to TCS
- A rerating is likely
Stocks in F&O ban
- Already in ban: Sammaan Capital, SAIL
- New in ban: None
- Out of ban: None