Anil Singhvi’s Strategy March 12: Day support zone on Nifty is 15,175-15,225 & Bank Nifty is 35,950-36,100

Anil Singhvi’s Strategy March 12: Amid positive global markets, domestic institutional investors (DIIs), sentiment, neutral foreign institutional investors (FIIs) and futures & options (F&O), and cues, the short-term trend of the Indian stock markets will be positive on Friday, March 12, 2021.

Benchmark domestic stocks on Wednesday, March 10, 2021, logged gains of half a per cent amid mixed global cues. The BSE Sensex rose 254.03 points, or 0.5 per cent, to finish at 51,279.51 and the NSE Nifty 50 climbed 76.40 points, or 0.51 per cent, to close at 15,174.80. The Bank Nifty gained 72.65 points, or 0.20 per cent, to settle at 35,938.30.

The broader market at BSE also appreciated outperforming the Sensex. The BSE Mid-Cap index gained 0.77 per cent and the BSE Small-Cap index surged 0.95 per cent down.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for March 12:

Day support zone on Nifty is 15,175-15,225, below that 15,075-15,100 is strong Buy zone.

Day higher zone on Nifty is 15,340-15,425, above that 15,475-15,500 is strong Sell zone.

Day support zone on Bank Nifty is 35,950-36,100, below that 35,575-35,750 is a strong Buy zone.

Day higher zone on Bank Nifty is 36,450-36,550, above that 36,750-36,900 is strong Sell zone.

The small day range for trading on Nifty is 15,310-15,340, while the medium and bigger day ranges are 15,250-15,425 and 15,175-15,475, respectively.

The small day range for trading on Bank Nifty is 35,900-36,450, while the medium and bigger day ranges are 35,750-36,550 and 35,575-36,750, respectively.

FIIs increased Index long at 61% Vs 60%

PCR at 1.39 Vs 1.11

India VIX down by 8% at 20.75

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,175.

Bank Nifty intraday and closing stop loss are 35,800.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,245.

Bank Nifty intraday and closing stop loss are 36,200.

For New Positions:

Buy Nifty with a stop loss of 15,175 and target 15,310, 15,340, 15,400, 15,425.

Aggressive Traders Sell Nifty in 15,475-15,500 range with a stop loss of 15,525 and target 15,435, 15,400, 15,350.

For New Positions:

Buy Bank Nifty with a stop loss of 35,800 and target 36,500, 36,550, 36,600, 36,750, 36,900.

Sell Bank Nifty in 36,900-37,100 range with a stop loss of 37,350 and target 36,750, 36,600, 36,500.

F&O Ban Update:

Out of Ban: Nil

New in Ban: Nil

4 Stocks already in Ban: SAIL, PNB, BOB, Sun TV

Stock of the Day:

Buy Delta Corp: Stop loss 165 and target 190, 200. Investment Target 240.

Gaming Stocks in focus due to Roblox listing in the USA and Nazara Tech IPO.

Delta owns Gaming portals adda52.com and hallaplay.com.

Anupam Rasayan IPO Preview:

Risk-taking Investors can APPLY for SMALL LISTING GAIN OR LONG TERM

Positives:

Bright outlook form Speciality Chemical Business dues to China plus one and Govt’s PLI Scheme

Company to benefit from huge expansion plans in the last 3 years

Strong 45% Revenue Growth in the current year.

Negatives:

Expensive valuations.

Shares allotted to promoters in Oct 2020 at 248 rupees.