Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,200-19,300 levels and a strong buy zone at 18,975-19,025 levels on Thursday, August 31, the last day of the August derivatives (futures and options) series. For the Nifty Bank, he expects support at 43,850-44,000 levels and a strong buy zone at 43,600-43,750 levels.

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

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

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Singhvi sees a higher zone in the Nifty at 19,365-19,450 levels and a profit-booking zone at 19,465-19,575 levels. For the banking index, he sees a higher zone at 44,475-44,625 levels and a profit-booking zone at 44,675-44,825 levels.

ANIL SINGHVI MARKET STRATEGY

  • FII index long positions at 46 per cent vs 45 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.91 vs 0.97
  • Nifty Bank PCR at 0.61 vs 0.91
  • Fear index India VIX down 3.5 per cent at 11.80

For existing long positions:

  • Nifty intraday and closing stop loss at 19,175
  • Nifty Bank intraday stop loss at 44,000 and closing stop loss at 43,850

For existing short positions:

  • Nifty intraday and closing stop loss at 19,500
  • Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

  • For aggressive traders, the best range to buy Nifty is 19,200-19,300 with a strict stop loss at 19,150 for targets of 19,335, 19,365, 19,400, 19,425, 19,465 and 19,500
  • Aggressive traders can sell Nifty in the 19,450-19,550 range with a strict stop loss at 19,650 for targets of 19,425, 19,400, 19,365, 19,340 and 19,300

For new positions in Nifty Bank:

  • For aggressive traders, the best range to buy Nifty Bank is 43,850-44,000 with a strict stop loss at 44,600 for targets of 44,075, 44,150, 44,200, 44,275, 44,350, 44,425 and 44,500
  • Aggressive traders can sell Nifty Bank in the 44,600-44,800 range with a strict stop loss at 45,000 for targets of 44,525, 44,425, 44,375, 44,275, 44,200 and 44,150

Stocks in F&O ban:

  • New in ban: BHEL
  • Out of ban: Hindustan Copper, Manappuram Finance, GMR Airports, Escorts, RBL Bank, Sun TV
  • Already in ban: Indiabulls Housing Finance

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