Anil Singhvis Strategy March 1: March series to begin today, buy Nifty in 10,750-10,875 range, sell Indigo, Bharti Airtel
In Aaj Ka Hero, Zee Business Managing Editor Anil Singhvi suggests market investors sell Bharti Airtel cash for a target of Rs 300-Rs 295 with a stop loss of Rs 335 amid no improvement in companys earning.
Even though Indian indices closed in the red by 0.12 per cent on Thursday, the BSE Sensex regained the psychologically feelgood 36,000 levels in pre opening on Friday. However, Indian investors are still cautious amid the India-Pakistan border tensions. Notably, the March series will start today and Zee Business Managing Editor Anil Singhvi has unveiled his market strategy in this market scenario:
Global: Neutral
FII: Positive
DII: Neutral
F&O: Neutral
Sentiment: Cautious
Trend: Neutral
The crucial levels for Nifty will be 10800, while for BankNifty it will be 26800
Nifty 10750-10875 for a small trade range, 10725-10900 for a medium range, while 10700-10925 for extreme range
BankNifty 26725-26925 for a small trade range, 26600-27000 for medium range, while 26500-27150 for extreme range.
For Existing Long Positions:
Nifty Intraday SL 10725 Tgt 10850, 10875
Nifty Closing SL 10775 Tgt 10875, 10925
BankNifty Intraday SL 26700 Tgt 26900, 27000
BankNifty Closing SL 26750 Tgt 27000, 27050, 27150
For Existing short positions:
Nifty SL 10900 Tgt 10750, 10725
BankNifty SL 27000 Tgt 26700, 26650
For New Positions:
Buy Nifty in 10725-10750 range:
SL 10700 Tgt 10800, 10850
Sell Nifty in 10875-10925 range:
SL 10975 Tgt 10825, 10800, 10750
Buy BankNifty in 26700-26750 range:
SL 26600 TGT 26900, 27000
Sell BankNifty in 27000-27100 range:
SL 27200 TGT 26900,26800
Sectors:
Negative: Sell on rise IT, Oil Companies, Aviation
In F&O Ban: Nil
Out of Ban: Rel Power, Adani Ent, Adani Power
Stock of the Day:
Sell Indigo Cash:
SL 1135 Tgt 1100, 1080, 1070
ATF prices increased by 8%
Aaj Ka Hero:
Sell Bharti Airtel Cash:
SL 335 Tgt 300, 295
Huge right issue, No improvement in earnings
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