Anil Singhvi Market Strategy (March 6): Important levels to track in Nifty 50, Nifty Bank today, top recommendations & more

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 22,125-22,250 levels and a strong buy zone at 22,000-22,100 levels on Thursday, March 6. For the Nifty Bank, he expects support at 48,200-48,350 levels and a strong buy zone at 47,925-48,075 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: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Negative

• FII long positions unchanged at 17 per cent as before Wednesday's session

• Nifty put-call ratio (PCR) at 1.05 vs 0.86

• Nifty Bank PCR at 1.02 vs 1.00

• Volatility index India VIX down one per cent at 13.67

The market wizard sees a higher zone at 22,450-22,550 levels and a profit-booking zone at 22,625-22,725  for the 50-scrip benchmark. 

For the banking index, he sees a higher zone at 48,850-48,975 levels and a profit-booking zone at 49,150-49,350 levels.  

ALSO READ: Nifty 50 F&O monthly expiry to be shifted to Monday from Thursday

ANIL SINGHVI MARKET STRATEGY

For existing long positions: 

• Nifty intraday and closing stop loss at 22,050

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

For existing short positions:

• Nifty intraday stop loss at 22,400 and closing stop loss at 22,550

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

For new positions in Nifty50:

• Buy Nifty with a stop loss at 22,225 for targets of 22,400, 22,450, 22,500, 22,550, 22,625 and 22,675

• Aggressive traders can sell Nifty in the 22,500-22,625 range with a strict stop loss at 22,725 for targets of 22,450, 22,400, 22,350, 22,275, 22,200 and 22,125

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank with a strict stop loss at 48,150 for targets of 48,675, 48,750, 48,850, 48,975, 49,100, 49,250 and 49,350

• Aggressive traders can sell Nifty Bank in the 48,975-49,150 range with a strict stop loss at 49,350 for targets of 48,850, 48,750, 48,675, 48,575, 48,500 and 48,375

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

Buy Reliance Industries futures with a stop loss at Rs 1,160 for targets of Rs 1,195, Rs 1,205 and Rs 1,220

• Stock trading at an attractive level
• Expect a good recovery

Buy Tata Motors futures with a stop loss at Rs 630 for targets of Rs 650, Rs 658 and Rs 665

• Donald Trump soft on imposing tariffs on auto

Buy Pharma stocks

• USA-based pharma business stocks are looking strong
• The Tariff terror may not be severe for pharma companies 
• Best Buys: Aurobindo, Lupin and Sun Pharma

Buy crude oil-related stocks

• Crude at a three-year low of $69
• OMC stocks HPCL, BPCL, IOC are still looking good
• Paint stocks will be positively impacted
• Aviation stocks like IndiGo are a very good investment
• Any company that uses crude oil or related products as raw material is likely to benefit 

Buy metal stocks

• Weakness in the dollar index is positive for metals
• In India, steel stocks are particularly looking more attractive in 
• JSPL, JSW Steel, SAIL & TISCO 
• Even Hindalco are looking strong 
• Market expecting some anti dumping duty in steel imports from government for quite sometime 

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