Anil Singhvi’s Strategy March 5: Make or break levels at Nifty is 14,900-14,925 & Bank Nifty is 35,100-35,125

Anil Singhvi’s Strategy March 5: Amid negative global markets, foreign institutional investors (FIIs), domestic institutional investors (DIIs), neutral futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, March 5, 2021.

Key equity indices snapped their three-day winning run and ended with modest losses on Thursday, March 4, 2021, on weak global signals. The fall was dragged by the losses in metal and financial stocks. The S&P BSE Sensex closed 598.57 points, or 1.16 per cent, down at 50,846.08 and the NSE Nifty fell 164.85 points, or 1.08 per cent, to finish at 15,080.75. The Nifty Bank index lost 565.55 points, or 1.56 per cent, to close at 35.802.50. 

The broader market at BSE bucked the trend and the Mid-Cap index ended 0.48 per cent up while the Small-Cap index appreciated 0.80 per cent.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for March 5:

Make or break levels at Nifty is 14,900-14,925 and Bank Nifty is 35,100-35,125. 

Day support zone on Nifty is 14,760-14,800, below that 14,635-14,725 is strong support zone. 

Day higher zone on Nifty is 15,000-15,075, above that 15,200-15,245 is strong sell zone. 

Day support zone on Bank Nifty is 35,000-35,125, below that 34650-34800 is a strong support zone.

 Day higher zone on Bank Nifty is 35,575-35,800, above that 36,000-36,300 is strong sell zone. 

The small day range for trading on Nifty is 14,800-14,925, while the medium and bigger ranges are 14,760-14,975 and 14,700-15,075, respectively. 

The small day range for trading on Bank Nifty is 35,000-35,425, while the medium and bigger ranges are 34,800-35,575 and 34,650-35,800, respectively. 

FIIs decreased Index long at 56% vs 65%

PCR at 1.39 Vs 1.44

India VIX up by 9% at 24.15

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,900.

Bank Nifty intraday and closing stop loss are 35,250.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,100.

Bank Nifty intraday and closing stop loss are 36,000. 

For New Positions:

Sell Nifty with a stop loss of 15,100 and target 14,925, 14,900, 14,850, 14,800, 14,760, 14,725, 14,700. 

Buy Nifty in 14635-14760 range with a stop loss of 14,600 and 14,800, 14,850, 14,900, 14,925, 14,975. 

For New Positions:

Sell Bank Nifty with a stop loss of 35,500 and target 35,125, 35,000, 34,800, 34,650. 

Aggressive traders Buy Bank Nifty in 34,650-34,800 range with a stop loss of 34,500 and target 35,000, 35,125, 35,250, 35,300, 35,400, 35,500.

5 Stocks in F&O Ban:

New in Ban: PNB, BHEL, Bank of Baroda

Already in Ban: SAIL, IB Housing Finance

Out of Ban: Nil

Stock of The Day:

Buy GIPCL: Stop loss 80 and target 95, 100, 110. Gujarat based company with strong fundamentals. Trading at attractive valuations. Approx. 250 crore investments in many Gujarat state PSUs including Gujarat Gas and Gujarat Alkali. 

Heranba Industries Listing Preview:

Expected to list in 825-875 range against issue price 627. Short term Investors keep stop loss of 775.