Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 20,100-20,150 levels and a strong buy zone at 20,000-20,050 levels on Monday, September 18. For the Nifty Bank, he expects support at 45,900-46,025 levels and a strong buy zone at 45,650-45,850 levels.

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

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

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Singhvi sees a "blue sky zone" emerging in the Nifty above the 20,225 level. For the banking index, he expects a higher zone at 46,300-46,375 levels and a blue sky zone above 46,500. 

ANIL SINGHVI MARKET STRATEGY  

  • FII index long positions at 66 per cent vs 65 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.31 vs 1.33
  • Nifty Bank PCR at 1.05 vs 0.97
  • Fear index India VIX down four per cent at 10.90

For existing long positions:

  • Nifty intraday and closing stop loss at 19,975
  • Nifty Bank intraday and closing stop loss at 45,800

For existing short positions:

  • Nifty intraday and closing stop loss at 20,225
  • Nifty Bank intraday and closing stop loss at 46,500

For new positions in Nifty:

  • The best range to buy Nifty is 20,050-20,125 with a stop loss at 19,975 for targets of 20,150, 20,200, 20,225; a blue sky zone above 20,225 
  • Aggressive traders can initiate shorts with a stop loss at 20,225 only if Nifty starts to trade below 19,950 

For new positions in Nifty Bank:

  • The best range to buy Nifty Bank is 45,800-46,025 with a stop loss at 45,600 for targets of 46,150, 46,225, 46,300, 46,375 and 46,500
  • Aggressive traders can sell Nifty Bank near the 46,300-46,375 range with a strict stop loss at 46,500 for targets of 46,225, 46,150, 46,025, 45,900 and 45,800

Stocks in F&O ban:

  • New in ban: Chambal Fertilisers
  • Already in ban: Balrampur Chini, BHEL, Zee Entertainment Enterprises, REC, IEX, Manappuram, Indiabulls Housing Finance, India Cements, Hindustan Copper
  • Out of ban: Delta Corp, NALCO, SAIL

Stocks of the day:

Buy Chambal Fertilisers shares in the cash segment with a stop loss at Rs 280 for targets of Rs 295, Rs 302 and Rs 310

  • Strong urea demand; Russia ends discount and China bans export
  • Chambal sitting on a huge inventory gain
  • Valuation attractive at a price-to-earnings (PE) ratio of 7 
  • Historically huge gains from Ganpati till Budget

Buy Indus Towers futures with a stop loss at Rs 183 for targets of Rs 196 and Rs 202

  • Repayment of loan by Vodafone Idea is positive for sentiments

Jupiter Life Line Hospitals listing preview:

  • Expected to list in the Rs 950-975 range as against the issue price of Rs 735
  • Investors can hold with a stop loss at 900 and keep trailing
  • We advised buying for good listing gains and for the long term

Yatra Online IPO preview:

Only "very high risk-taking" should apply from a long-term perseictive

  • Better to avoid now; 'buy' post-listing

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