Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the major Nifty 50 index on Wednesday, March 13, at 22,200-22,275 and a strong buy zone at 22,025-22,125 levels. For Nifty Bank, we expect support to be between 46,900 and 47,025. level and a strong buy zone at the 46,575-46,725 level.
Anil Singhvi summarizes how the market works:
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Global: Positive
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FII: Positive
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DII: Positive
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F&O: Neutral
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Emotion: Neutral
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Trend: Positive
Market wizards predict that the higher zone of the headline index will be the 22,375-22,475 level, with a „blue sky zone“ above 22,525. For the banking index, Singhvi expects the higher zone to be at 47,450-47,575 levels and the profit-taking zone at 47,725-47,900 levels.
Anil Singhvi's Market Strategy
- 43% long on FII index (41% the previous day)
- Nifty put-call ratio (PCR) is 0.95 to 0.94
- Nifty Bank PCR is 0.71 vs. 0.72.
- Volatility index India VIX fell 3% to 13.64
Singhvi highlighted the emergence of strong buying by FIIs and domestic funds on Dalal Street following positive signals from global markets, while weakness in broader segments weakens overall sentiment. He added that
He has indicated that he will reduce the position if Nifty and Nifty Bank fall below 22,300 and 47,250 respectively on a closing price basis. On the contrary, he expects the buying momentum to pick up once the index crosses the 22,500 and 48,000 levels, respectively, on the upside.
He expects strong support for the gauges at the 21,850-22,000 and 45,700-46,000 levels, respectively.
How to trade mid-cap and small-cap stocks now
Market gurus suggest investors to prepare a list of quality mid-cap and small-cap stocks and wait patiently for buying opportunities in each segment towards the end of the month. He believes that buying into this segment in March could pay off next month.
For existing long positions:
For existing short positions:
Here are the new positions on Nifty:
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The best range to buy Nifty is 22,125 to 22,250 and if the targets are 22,300, 22,335, 22,360, 22,400, 22,425, 22,450 then the stop loss is 22,000.
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The best range to sell Nifty is 22,375 to 22,475 and if the targets are 22,335, 22,300, 22,275, 22,225, 22,200, 22,125 then the stop loss is 22,550.
The new positions of Nifty Bank are as follows:
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Aggressive traders can buy Nifty Bank in the 46,900-47,025 range with strict stop loss at 46,700 against targets of 47,225, 47,275, 47,350, 47,450, 47,525, 47,725, 47,825.
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Aggressive traders can sell Nifty Bank in the 47,725-47,850 range with strict stop loss at 48,000 against targets of 47,575, 47,450, 47,300, 47,225, 47,125, 47,025, 46,900 .
Eating and drinking prohibited update
- Newly banned: NALCO, Piramal Enterprises
- Companies already banned: AB Fashion, Hindustan Copper, Tata Chemicals, SAIL, Mahanagar Gas, Manappuram Fin, Zee Entertainment Enterprises
- Not prohibited: None
Today's stock
buy ITC futures
- Support is Rs 390-395
- Higher levels Rs 412, Rs 417, Rs 422
- Block trading window allows for large scale trading
- May buy near block transaction price
JG Chemicals will be listed today at 10am.What can you expect here?
Market gurus, who had suggested subscribing to the stock from a long-term perspective, estimate that JG Chemical stock will enter the listing space at around Rs 210-221, which is the upper end of the issue price band.
He suggests investors hold the stock with a stop loss of Rs 210.
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