Anil Singhvi's Market Strategy (Feb 14): Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 22,800-22,975 levels and a stronger support zone at 22,600-22,750 levels for the headline Nifty50 index on Friday, February 14. For the Nifty Bank, he expects support at 49,000-49,175 levels and a stronger support zone at 48,575-48,750 levels. 

Here's how the market guru sums up the trade setup this morning: 

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

• FII long positions at 16 per cent vs 15 per cent before the previous session

• Nifty put-call ratio (PCR) at 0.90 vs 0.75

• Nifty Bank PCR at 0.75 vs 0.79

• Volatility index India VIX up 0.5 per cent at 14.96

The market wizard sees a higher zone at 23,150-23,265 levels and a profit-booking zone at 23,300-23,400 levels for the headline index. 

For the banking index, he sees a higher zone at 49,700-49,900 levels and a profit-booking zone at 49,975-50,150 levels.  

EDITOR'S TAKE | How market guru Anil Singhvi views Dalal Street now 

The market wizard has highlighted the following points: 

• Donald Trump has signed the trade tariff order; however, it is yet to be implemented
• His administration will impose tariffs if the need rises
  No immediate tariffs has sprung a relief for markets
• Trump's stance has softened a bit
• Tariff risk has mitigated for now, but not out of the way
• Major support for Nifty50 at 22,800; however, only time will tell whether it holds
• There is a higher possibility of Dalal Street honouring the support
• The risk of the index giving up the support level persists until it closes above 23,500
• The market situation has somewhat improved technically in two sessions
• Nifty50 and Nifty Bank have logged higher highs and higher lows in intraday trade
• The headline index needs to close above the previous day's high
• For that to happen, it is important for strength to return in largecap stocks
• Once the Nifty50 takes out the previous day's high on a closing basis, buying is expected to emerge in midcap and smallcap stocks

ANIL SINGHVI MARKET STRATEGY

For existing long positions: 

• Nifty intraday and closing stop loss at 22,975

• Nifty Bank intraday stop loss at 49,000 and closing stop loss at 49,150

For existing short positions:

• Nifty intraday stop loss at 23,150 and closing stop loss at 23,400

• Nifty Bank intraday stop loss at 49,550 and closing stop loss at 50,000

For new positions in Nifty50:

• The best range to buy Nifty is 22,750-22,850 with a stop loss at 22,700 for targets of 22,900, 22,975, 23,025, 23,075, 23,150 and 23,200

• Aggressive traders can buy Nifty with a strict stop loss at 22,950 for targets of 23,075, 23,150, 23,200, 23,265, 23,300 and 23,350

• Aggressive traders can sell Nifty in the 23,225-23,350 range with a strict stop loss at 23,425 for targets of 23,150, 23,100, 23,075, 23,025 and 22,975

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 48,750-49,000 with a stop loss at 48,650 for targets of 49,175, 49,275, 49,375, 49,475, 49,575 and 49,700

• Aggressive traders can buy Nifty Bank with strict stop loss at 49,150 for targets of 49,475, 49,675, 49,825, 49,875, 49,975 and 50,150

• Aggressive traders can sell Nifty Bank in the 49,825-50,000 range with a strict stop loss at 50,150 for targets of 49,700, 49,575, 49,500, 49,375, 49,275 and 49,175

F&O Ban Update

• New in ban: Manappuram
• Already in ban: None
• Out of ban: None

Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit Zeebiz.com.