Anil Singhvi strategy September 14: 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 19,865-19,915 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,950-20,000 levels and a strong buy zone at 19,865-19,915 levels on Thursday, September 14. For the Nifty Bank, he expects support at 45,525-45,650 levels and a strong buy zone at 45,250-45,375 levels.

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

Global: Neutral
FII: Positive

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

Singhvi sees a "blue sky zone" emerging for the Nifty above 20,125. For the banking index, he expects a higher zone at 46,000-46,175 levels and a profit-booking zone at 46,250-46,375 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi expects blue-chip stocks to strengthen further amid signs of FII outflows slowing down in the cash market and inflows in futures. Buying by domestic funds are expected to support midcap and smallcap shares, he adds.

One can expect strong support coming in at 19,825-19,950 and 45,150-45,325 for the Nifty and the Nifty Bank, respectively, with a higher target for the banking index placed at 46,175-46,375 levels.

FII index long positions at 66 per cent vs 63 per cent the previous day
Nifty put-call ratio (PCR) at 1.25 vs 1.18, on a higher side
Nifty Bank PCR at 1.18 vs 1.06, on a higher side
Fear index India VIX up one per cent at 11.83

For existing long positions:

Nifty intraday and closing stop loss at 19,900
Nifty Bank intraday and closing stop loss at 45,500

For existing short positions:

Nifty intraday and closing stop loss at 20,125
Nifty Bank intraday and closing stop loss at 46,000

For new positions in Nifty:

The best range to buy Nifty is 19,925-20,000 with a stop loss at 19,850 for targets of 20,075, 20,100; a blue sky zone above 20,125
Sell Nifty only if it falls below 19,850, with a strict stop loss at 20,000

For new positions in Nifty Bank:

Buy Nifty Bank in the 45,525-45,650 range with a stop loss at 45,300 for targets of 45,700, 45,775, 45,875 and 45,975
Aggressive traders can buy Nifty Bank with a strict stop loss at 45,500 for targets of 46,000, 46,075, 46,175, 46,250, 46,300 and 46,375
Aggressive traders can sell Nifty Bank in the 46,200-46,375 range with a strict stop loss at 46,500 for targets of 46,075, 46,000, 45,925, 45,850, 45,650 and 45,575

Stocks in F&O ban:

New in ban: REC
Already in ban: IEX, NALCO, Manappuram, SAIL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements
Out of ban: BHEL, Chambal Fertilisers

Stocks of the day:

Bombay Dyeing and Bombay Burmah Trading Corp (BBTC):