Anil Singhvi strategy for February 20: Important market triggers, key levels to watch out for in Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,800-17,850 levels on Monday, February 20, and a strong buy zone in the 17,725-17,775 band. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 40,750-40,900 levels, and a strong buy zone in the 40,525-40,675 area.

Here's how Anil Singhvi sums up the market setup on February 20:

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Cautious

• Sentiment: Positive

• Trend: Neutral

Add Zee Business as a Preferred Source

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 18,000-18,035 levels and a profit-booking zone at 18,100-18,125 levels.​ For the banking index, he sees a higher zone at 41,275-41,425 and a strong sell area in the 41,500-41,675 range.

• FII index longs at 23 per cent on Monday vs 26 per cent on Friday
• Put-call ratio (PCR) at 0.88 vs 1.04 on Friday
• Nifty Bank at 0.6 vs 0.72 on Friday
• Fear index India VIX up 1.51 per cent at 13.08

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 17,800

• Nifty Bank intraday stop loss at 40,750 and closing stop loss at 41,000

For existing short positions:

• Nifty intraday and closing stop loss at 18,150

• Nifty Bank intraday stop loss at 41,650 and closing stop loss at 41,500

For new positions in Nifty:

• Buy Nifty in the 17,825-17,900 range with a stop loss at 17,725 for targets of 17,950, 18,000, 18,035, 18,100 and 18,125

• Sell Nifty in the 18,035-18,125 range with a stop loss at 18,200 for targets of 18,000, 17,950, 17,925, 17,875, 17,850 and 17,800

For new positions in Nifty Bank:

• Buy Nifty Bank in the 40,750-40,900 range with a stop loss at 40,600 for targets of 41,100, 41,200, 41,250, 41,375, 41,425 and 41,500

• Sell Nifty Bank in the 41,450-41,625 range with a stop loss at 41,800 for targets of 41,375, 41,250, 41,200, 41,125 and 40,900

F&O ban update

• Already in ban: IB Housing Finance, Ambuja Cements

• New in ban: None

• Out of ban: PNB, BHEL

STOCKS OF THE DAY

• Buy Shriram Finance futures with a stop loss at Rs 1,225 for targets of Rs 1,250, Rs 1,260 and Rs 1,275

• Sell Cipla futures with a stop loss at Rs 1,040 for targets of Rs 1,010, Rs 1,000 and Rs 990; US drug regulator issues eight observations in the company's Pitampura manufacturing facility

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.