Anil Singhvi strategy for February 14: Key market triggers, important levels to track in Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi shares his strategy for the February 14 session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees support for Nifty50 coming in at 17,650-17,725 levels on February 14.

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,650-17,725 levels on Tuesday, February 14, and a strong buy zone in the 17,550-17,600 band. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 41,000-41,150, and a strong buy zone in the 40,600-40,750 area.

Here's how Anil Singhvi sums up the market setup on February 14:

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

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,800-17,850 levels and a strong sell zone at 17,875-17,950 levels. For the banking index, he sees a higher zone at 41,425-41,550 levels and a strong sell area in the 41,625-41,775 range.

TRENDING NOW

FII index longs unchanged at 18 per cent on Tuesday
Put-call ratio (PCR) at 0.83 vs 1.05 the previous day
Nifty Bank PCR at 0.66 vs 0.87
Fear index India VIX up 7.33 per cent at 13.68

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty50 intraday and closing stop loss at 17,700
Nifty Bank intraday and closing stop loss at 41,000

For existing short positions:

Nifty intraday and closing stop loss at 17,925
Nifty Bank intraday and closing stop loss at 41,800

For new positions in Nifty:

Buy Nifty with a stop loss at 17,700 for targets of 17,800, 17,850, 17,875, 17,900, 17,950 and 18,000
Aggressive traders can sell Nifty in the 17,850-17,925 range with a strict stop loss at 18,025 for targets of 17,800, 17,775, 17,750, 17,725, 17,700 and 17,650

For new positions in Nifty Bank:

Aggressive traders can buy Nifty Bank with a strict stop loss at 41,000 for targets of 41,375, 41,425, 41,500, 41,550, 41,625, 41,675 and 41,775
Aggressive traders can sell Nifty Bank in the 41,550-41,675 range with a strict stop loss at 41,800 for targets of 41,500, 41,425, 41,375, 41,275, 41,150 and 41,100

F&O ban update