Anil Singhvi Market Strategy (March 5): Important levels to track in Nifty 50, Nifty Bank on Wednesday, top recommendations & more

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 21,900-22,000 levels and a stronger support zone at 21,725-21,825 levels on Wednesday, March 5. For the Nifty Bank, he expects support at 47,925-48,075 and a strong buy zone at 47,625-47,850 levels. Read o and to lear and about the market wizard's views for the day. 

How market guru Anil Singhvi sums up trade setup this morning: 

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Negative

• FII long positions at 17 per cent vs 16 per cent before Tuesday's session

• Nifty put-call ratio (PCR) at 0.86 vs 0.81

• Nifty Bank PCR at 1.00 vs 0.91

• Volatility index India VIX up 0.5 per cent at 13.83

The market wizard sees a higher zone at 22,125-22,250 levels and a strong sell zone at 22,450-23,550 levels for the 50-scrip benchmark. 

For the banking index, he sees a higher zone at 48,575-48,750 levels and a strong sell zone at 48,850-48,975 levels.  

Trump Tariff-triggered Turmoil

• The tariff war is not a piece of cake for US President Donald Trump
• Reciprocal tariffs will leave an equally significant impact on the US 
• It remains to be seen whether Trump fights reciprocal tariff moves by major US trade partners aggressively or cools down
• He may have to think twice before impsing fresh tariffs on India
• The impact of tariff-related caution has started to be more visible on Wall Street now
• Investors are caught on the back foot
• Tariff war escalation will lead to inflationary pressure on the world's largest economy
• Such a situation will make it difficult for the US central bank to lower rates
• It is good news for emerging markets like India
• Dow Jones Industrial Average (DJIA) has slumped 1,319 points in two days; however, it is not a cause for worry on Dalal Street
• The dollar index has hit a three-month low, near the 105 mark
• US bond yields are near 4.0 per cent
• Crude oil has cooled, near $70 per barrel
• On a net basis, the imminent tariff war will benefit and not hurt India

ANIL SINGHVI MARKET STRATEGY

For existing long positions: 

• Nifty intraday and closing stop loss at 21,950

• Nifty Bank intraday stop loss at 47,850 and closing stop loss at 48,000

For existing short positions:

• Nifty intraday stop loss at 22,150 and closing stop loss at 22,275

• Nifty Bank intraday stop loss at 48,600 and closing stop loss at 48,750

For new positions in Nifty50:

• Aggressive traders can buy Nifty with a strict stop loss at 21,900 for targets of 22,125, 22,250, 22,300, 22,400, 22,450 and 22,500

• Aggressive traders can sell Nifty at 22,250 and 22,400 with a strict stop loss at 22,600 for targets of 22,200, 22,125, 22,000 and 21,975

For new positions in Nifty Bank:

• Best range to Buy Nifty Bank is 47,850-47,925 with a stop loss at 47,700 for targets of 48,075, 48,125, 48,250, 48,375, 48,525 and 48,575

• Aggressive traders can buy Nifty Bank with a strict stop loss at 47,900 for targets of 48,375, 48,550, 48,650, 48,750, 48,850 and 48,975

• Aggressive traders can sell Nifty Bank in 48,750-48,975 range with a strict stop loss at 49,075 for targets of 48,650, 48,575, 48,525, 48,375, 48,275 and 48,075

F&O Ban and Update

• New in ban: Manappuram Finance

• Out of ban: None

• Already in ban: None

ANIL SINGHVI SHARES STOCKS OF THE DAY

Sell BSE futures with a stop loss at Rs 4,500 for targets of Rs 4,400, Rs 4,315 and Rs 4,225; sell CDSL futures with a stop loss at Rs 1,141 for targets of Rs 1,100, Rs 1,085 and Rs 1,075

• NSE changes F&O expiry days for Nifty, Nifty Bank, other indices to Monday, effective April 4 

Buy Coforge futures with a stop loss at Rs 7,155 for targets of Rs 7,335, Rs 7,385 and Rs 7,550

• Coforge has signed its largest deal ever for Rs 13,250 crore for a 13-year partnership
• Its board has approved a 5:1 stock split plan 
• Jeffries has raised its target from Rs 10,100 to Rs 10,350
• Morgan Stanley and JPMorgan targets are at Rs 11,500 each

Buy IOC futures with a stop loss at Rs 116 for targets of Rs 121 and Rs 123; buy BPCL futures with a stop loss at Rs 243 for targets of Rs 258 and Rs 262

• The fall in crude prices is a big positive
• The stock is at a good level for trading; one may buy after a correction

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