Anil Singhvi strategy September 11: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session. 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 a strong buy zone in the Nifty at 19,650-19,725 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the headline Nifty index coming in at 19,650-19,725 on Monday, September 11. For the Nifty Bank, he expects support at 44,825-44,950 levels and a strong buy zone at 44,675-44,775 levels.

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

Global: Positive
FII: Positive

TRENDING NOW
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Positive

Singhvi sees a higher zone in the Nifty 19,885-19,975 levels and a "blue sky zone" above 20,000. For the banking index, he sees a higher zone at 45,400-45,550 levels and a profit-booking zone at 45,600-45,700 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi points out that the Nifty is facing the last level of resistance at 19,950-20,000 amid signs of decreasing FII outflows. He suggests adopting a 'buy on dips' strategy, with strong support in the Nifty and the Nifty Bank at 19,600-19,750 and 44,800-44,950 levels, respectively. Singhvi sees a higher target for the banking index at 45,550-45,700 levels.

FII index long positions at 58 per cent vs 57 per cent the previous day
Nifty put-call ratio (PCR) at 1.38 vs 1.39, on a higher side
Nifty Bank PCR at 1.27 vs 1.32
India VIX up one per cent at 10.78

For existing long positions:

Nifty intraday and closing stop loss at 19,700
Nifty Bank intraday and closing stop loss at 44,800

For existing short positions:

Nifty intraday and closing stop loss at 20,000
Nifty Bank intraday and closing stop loss at 45,500

For new positions in Nifty:

Buy Nifty with a stop loss at 19,700 for targets of 19,865, 19,885, 19,975; a blue sky zone above 20,000
Aggressive traders can sell Nifty in the 19,950-20,000 range with a strict stop loss at 20,050 for targets of 19,900, 19,865, 19,825, 19,800, 19,775, 19,750 and 19,725

For new positions in Nifty Bank:

Buy Nifty Bank with a stop loss at 44,800 for targets of 45,300, 45,375, 45,475, 45,550, 45,600, 45,650 and 45,700
Aggressive traders can sell Nifty Bank in the 45,550-45,700 range with a strict stop loss at 45,800 for targets of 45,475, 45,400, 45,300, 45,225, 45,150 and 45,000

Stocks in F&O ban:

New in ban: Chambal Fertilisers
Already in ban: PNB, Manappuram, SAIL, Delta Corp, Balrampur Chini, Hindustan Copper, Indiabulls Housing Finance, India Cements
Out of ban: BHEL

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Buy TVS Supply Chain shares for targets of Rs 240 and 250 with a stop loss at Rs 220

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Buy Praj Industries shares for targets of Rs 523, Rs 529 and Rs 538 with a stop loss at Rs 510

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Target global ethanol blending of 20 per cent
Buy Tata Communication futures for targets of Rs 1,907 and Rs 1,922 with a stop loss at Rs 1,867
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