Anil Singhvi strategy March 19: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 21,850-21,925 levels and a strong buy zone at 21,725-21,825 levels for the headline Nifty50 index on Tuesday, March 19.

For the Nifty Bank, he expects support to come in at 46,050-46,325 and a strong buy zone at 45,675-45,975 levels.

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

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• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

The market wizard expects a higher zone for the headline index at 22,125-22,200 levels and a strong sell zone at 22,250-22,350 levels.

For the banking index, Singhvi expects a higher zone at 46,725-46,875 and a profit-booking zone at 46,975-47,200 levels.

ANIL SINGHVI MARKET STRATEGY

• FII index longs at 37 per cent vs 38 per cent the previous day
• Nifty put-call ratio (PCR) at 0.95 vs 0.99
• Nifty Bank PCR at 0.81 vs 0.76
• Volatility index India VIX up 1.5 per cent at 13.90

For existing long positions:

• Nifty intraday stop loss at 21,850 and closing stop loss at 21,950

• Nifty Bank intraday stop loss at 46,300 and closing stop loss at 46,500

For existing short positions:

• Nifty intraday and closing stop loss at 22,225

• Nifty Bank intraday and closing stop loss at 47,050

For new positions in Nifty:

• Aggressive traders can buy Nifty in the 21,800-21,925 range with a strict stop loss at 21,700 for targets of 21,975, 22,000, 22,050, 22,125, 22,150 and 22,200

• Aggressive traders can sell Nifty in the 22,125-22,200 range with a strict stop loss at 22,300 for targets of 22,075, 22,025, 22,000, 21,925, 21,900 and 21,850

For new positions in Nifty Bank:

• Buy Nifty Bank in the 45,700-46,050 range with stop loss at 45,600 for targets of 46,225, 46,300, 46,425, 46,500, 46,575 and 46,725

• Aggressive traders can buy Nifty Bank with a strict stop loss at 46,250 for targets of 46,725, 46,800, 46,875, 46,975, 47,125 and 47,200

• Aggressive traders can sell Nifty Bank in the 46,800-46,975 range with a strict stop loss at 47,200 for targets of 46,725, 46,600, 46,525, 46,325, 46,175 and 46,050

F&O ban update

• New in ban: Balrampur Chini
• Already in ban: Biocon, Hindustan Copper, BHEL, RBL Bank, NALCO, Piramal Enterprises, Tata Chemicals, SAIL, Zee Entertainment Enterprises, AB Fashion, Manappuram Finance
• Out of ban: None

How to trade midcap, smallcap shares

The market guru is of the view that the remainder of the month can offer buying opportunities in midcap and smallcap shares for investors.

One must buy quality stocks available at inexpensive valuations gradually when others are panicking, he says.

Singhvi also suggests investors book profit in case of a 15-20 per cent jump in the segment.

Stocks of the day

Buy Indigo Futures with a stop loss at Rs 3,220 for targets of Rs 3,315 and Rs 3,345

• Kotak has raised its target to Rs 4,200, which indicates 30 per cent upside from current price

Buy AU Small Finance Bank futures with a stop loss at Rs 565 for targets of Rs 577, Rs 583 and Rs 590

• Positive management guidance
• AUM and deposits to grow 23-25 per cent
• Expected to get RoA of 1.8 per cent in FY27

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