Anil Singhvi Market Strategy (Jan 16): How to trade Nifty50, Nifty Bank, HDFC Bank, ICICI Bank

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 25,600-25,675 levels and a stronger support zone at 25,475-25,575 levels on Friday, January 16, as the market returns to trade following a mid-week holiday.

The market wizard sees support for the Nifty Bank emerging at 59,300-59,450 levels and a strong buy zone at 59,150-59,250 levels.

How market guru Anil Singhvi sums up the trade setup:

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

• FII long positions at 7.6 per cent vs 7.54 per cent before Wednesday's session

• Nifty put-call ratio (PCR) at 0.82 vs 0.87

• Nifty Bank PCR at 0.98 vs 0.96

• Volatility index India VIX up one per cent at 11.32

For the headline index, the market wizard expects a higher zone at 25,800-25,900 levels and a strong sell zone at 25,935-26,035 levels.

For the banking index, he expects a higher zone at 59,750-59,900 levels and a strong sell zone at 60,000-60,150 levels.

Big market cues today

• Investors are set to react to Infosys results
• Reliance results, due today, will be extremely crucial for the market
• US-Iran tensions appear to be easing
• Hopes of an India-US trade deal; some positive comments from both sides
• Volatile FII selling

India-US trade deal soon

• A trade deal between India and the US is seen getting finalised soon
• Commerce Secretary has made a statement on the deal
• Both countries are very close to arriving at a mutual agreement
• A trade deal with the EU could also be finalised by January 26

No military action on Iran

• US military signals stepping back from an attack on Iran
• Reports suggest Iran has stopped killing people: Donald Trump
• Trump has made a big claim that there are no executions currently taking place in Iran

$250-billion US-Taiwan semiconductor deal

• Taiwanese companies are set to invest in the US under a $250-billion trade deal signed between both countries
• Chip and semiconductor companies will invest in the US
• US has cuts the tariff to 15 per cent in exchange of $250 billion investment

Trump halts visa issuance

• Citizens of 75 countries will not be allowed entry into the US
• Trump has banned visa issuance from January 21
• The 75 countries include Pakistan, Bangladesh, Iran and Russia
• India is not on the list

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

For existing long positions:

• Nifty intraday and closing stop loss at 25,575

• Nifty Bank intraday and closing stop loss at 59,250

For existing short positions:

• Nifty intraday and closing stop loss at 25,900

• Nifty Bank intraday and closing stop loss at 59,800

For new positions in Nifty50:

• Aggressive traders can buy Nifty with a strict stop loss at 25,575 for targets of 25,735, 25,800, 25,850, 25,900, 25,935 and 25,975

• Aggressive traders can sell Nifty in the 25,900-26,000 range with a strict stop loss at 26,125 for targets of 25,865, 25,815, 25,750, 25,700, 25,675 and 25,625

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank with a strict stop loss at 59,250 for targets of 59,750, 59,850, 59,900, 60,000, 60,050, 60,115 and 60,150

• Aggressive traders can sell Nifty Bank in the 59,975-60,150 range with a strict stop loss at 60,300 for targets of 59,900, 59,850, 59,775, 59,675, 59,575 and 59,450

Stocks in F&O ban

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