Anil Singhvi strategy for February 15: Key market triggers, important levels to track in Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi shares his strategy for the February 15 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 17,800-17,875 levels on February 15.

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,800-17,875 levels on Wednesday, February 15, and a strong buy zone in the 17,725-17,775 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 41,375-41,550 levels, and a strong buy zone in the 41,100-41,250 area.

Here's how Anil Singhvi sums up the market setup on February 15:

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

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,950-18,000 levels and a strong sell zone at 18,025-18,100 levels. For the banking index, he sees a higher zone at 41,725-41,800 levels and a profit-booking area in the 41,950-42,075 range.

TRENDING NOW

FII index longs at 27 per cent on Wednesday vs 18 per cent the previous day
Put-call ratio (PCR) at 1.16 vs 0.83 the previous day
Nifty Bank PCR at 1.01 vs 0.66 the previous day
Fear index India VIX down 1.66 per cent at 13.45

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty50 intraday stop loss at 17,800 and closing stop loss at 17,775
Nifty Bank intraday stop loss at 41,100 and closing stop loss at 41,250

For existing short positions:

Nifty intraday and closing stop loss at 18,025
Nifty Bank intraday and closing stop loss at 41,800

For new positions in Nifty:

Buy Nifty in the 17,800-17,875 range with a stop loss at 17,700 for targets of 17,925, 17,950, 18,000, 18,025 and 18,100
Sell Nifty in the 17,950-18,025 range with a stop loss at 18,125 for targets of 17,925, 17,875, 17,850, 17,800, 17,775 and 17,750

For new positions in Nifty Bank:

Buy Nifty Bank in the 41,275-41,425 range with a stop loss at 41,100 for targets of 41,500, 41,550, 41,625, 41,675, 41,725 and 41,775
Aggressive traders can sell Nifty Bank in the 41,775-41,950 range with a strict stop loss at 42,100 for targets of 41,725, 41,675, 41,625, 41,550, 41,500, 41,425, 41,375 and 41,275

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