Anil Singhvi strategy for February 3: Key market triggers, important levels to track in Nifty50, Nifty Bank

Zee Enterprise Managing Editor Anil Singhvi expects help for the Nifty50 benchmark to come back in at 17,500-17,550 ranges on Friday, the final session of the Funds week, and a powerful purchase zone at 17,350-17,450 ranges. For the Nifty Financial institution — whose 12 constituents embrace SBI, HDFC Financial institution, Financial institution of Baroda, Kotak Mahindra Financial institution, Axis Financial institution and ICICI Financial institution, Singhvi sees help within the 40,350-40,525 band and a powerful purchase space at 40,000-40,150 ranges. 

Here is how Anil Singhvi sums up the market setup on February 3: 

• International: Optimistic
• FII: Detrimental
• DII: Optimistic
• F&O: Impartial
• Sentiment: Impartial
• Development: Detrimental

For the 50-scrip headline index, Anil Singhvi expects a larger zone at 17,650-17,725 ranges and a profit-booking zone within the 17,775-17,850 band.

For the banking index, he sees a larger zone at 40,800-41,000 ranges, and a profit-booking zone within the 41,400-41,650 space. 

• FIIs index longs at 17 per cent on Friday vs 19 per cent yesterday

• Put-call ratio (PCR) at 0.94 vs 0.70 yesterday

• Nifty Financial institution PCR at 0.70 vs 0.54 yesterday

• Concern index India VIX down 6.24% at 15.73

Anil Singhvi market technique

For present lengthy positions:

• Nifty intraday cease loss at 17,400 and shutting cease loss at 17,600

• Nifty Financial institution intraday cease loss at 40,000 and shutting cease loss at 40,300

For present brief positions:

• Nifty intraday cease loss at 17,750 and shutting cease loss at 17,900

• Nifty Financial institution intraday cease loss at 40,850 and shutting cease loss at 41,650

For brand new positions in Nifty:

• Purchase Nifty within the 17,450-17,525 vary with a cease loss at 17,350 for targets of 17,600, 17,650, 17,700 and 17,725
• Aggressive merchants should purchase Nifty with a strict cease loss at 17,450 for targets of 17,650, 17,700, 17,725, 17,775, 17,800 and 17,850
• Aggressive merchants can promote Nifty within the 17,725-17,850 vary with a strict cease loss at 17,975 for targets of 17,700, 17,650, 17,600, 17,525, 17,500 and 17,450

For brand new positions in Nifty Financial institution:

• Aggressive merchants should purchase Nifty Financial institution within the 40,175-40,375 vary with a strict cease loss at 40,000 for targets of 40,500, 40,650, 40,750, 40,800 and 41,000

• Promote Nifty Financial institution within the 41,400-41,650 vary with a cease loss at 41,800 for targets of 41,200, 40,900, 40,825, 40,650, 40,525 and 40,375

F&O ban replace

• New in ban: Adani Ports
  Already In ban: Ambuja Cements
  Out of ban: None

Shares of the day 

• Promote Birlasoft
• Promote CG Customers
• Purchase IndusInd Financial institution
• Purchase Apollo Tyres
• Robust outcomes: Karnataka Financial institution, AB Capital
• Weak outcomes: Tata Customers

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