Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects assist to emerge at 22,700-22,825 ranges and a stronger assist zone at 22,500-22,600 ranges for the headline Nifty50 index on Tuesday, February 18. For the Nifty Financial institution, he expects assist at 48,525-48,725 ranges and a stronger assist zone at 48,275-48,400 ranges.
This is how the market guru sums up the commerce setup this morning:
World: Impartial
FII: Unfavorable
DII: Constructive
F&O: Impartial
Sentiment: Cautious
Development: Unfavorable
FII lengthy positions unchanged at 16 per cent as earlier than the earlier session
Nifty put-call ratio (PCR) at 0.87 vs 0.77
Nifty Financial institution PCR at 0.75 vs 0.68
India VIX up 5 per cent at 15.72
The market wizard sees a better zone at 23,025-23,150 ranges and a robust promote zone at 23,200-23,300 ranges for the headline index.
For the banking index, he sees a better zone at 49,575-49,750 ranges and a robust promote zone at 49,825-49,975 ranges.
ANIL SINGHVI MARKET STRATEGY
For present lengthy positions:
Nifty intraday cease loss at 22,700 and shutting cease loss at 22,825
Nifty Financial institution intraday and shutting cease loss at 49,000
For present quick positions:
Nifty intraday and shutting cease loss at 23,050
Nifty Financial institution intraday and shutting cease loss at 49,600
For brand spanking new positions in Nifty50:
The very best vary to purchase Nifty is 22,725-22,825 with a cease loss at 22650 for targets of twenty-two,925, 22,950, 22,975, 23,025, 23,075 and 23,125
Aggressive merchants should purchase Nifty with a strict cease loss at 22,700 for targets of 23,075, 23,125, 23,200, 23,225, 23,265 and 23,300
Aggressive merchants can promote Nifty in 23125-23250 vary with a strict cease loss at 23,300 for targets of 23,075, 23,025, 22,975, 22,925, 22,825 and 22,775
For brand spanking new positions in Nifty Financial institution:
The very best vary to purchase Nifty Financial institution is 48,525-48,725 with a cease loss at 48,400 for targets of 49,000, 49,100, 49,175, 49,250, 49,325 and 49,400
Aggressive merchants should purchase Nifty Financial institution with a strict cease loss at 48,950 for targets of 49,400, 49,475, 49,575, 49,700, 49,825 and 49,900
Aggressive merchants can promote Nifty Financial institution within the 49,700-49,900 vary with a strict cease loss at 50,000 for targets of 49,575, 49,500, 49,400, 49,300, 49,175 and 49,100
F&O Ban Replace
- New in ban: Manappuram Finance
- Already in ban: Deepak Nitrite
- Out of ban: None
RESULTS REVIEW
ABB
- Outcomes higher than expectations
- Sturdy operational efficiency
- Inventory down 20 per cent in a month
- Purchase futures for targets of Rs 5,385, Rs 5,410 and Rs 5,460 with a cease loss at Rs 5,160
STOCKS OF THE DAY
Purchase PCBL shares within the spot market for targets of Rs 376, Rs 380 and Rs 384 with a cease loss at Rs 365
- UBS has a goal of Rs 600 for the inventory (February 15 report)
Purchase SBI Card shares for targets of Rs 860, Rs 866 and Rs 875 with a cease loss at Rs 845
- The inventory is in a robust uptrend in a weak market
- It’s up seven per cent in 5 classes
- Salila Pande’s appointment is constructive
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