Anil Singhvi Market Strategy Today (August 13): How to trade Nifty 50, Nifty Bank today? Key levels to track

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,350-24,450 levels and a stronger support zone at 24,150-24,300 levels on Wednesday, August 13. For the Nifty Bank, the market wizard expects support at 54,825-55,000 levels and a stronger support zone at 54,575-54,700 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Cautious

• Trend: Neutral

• FII long positions unchanged at 8 per cent as before Tuesday's session

• Nifty put-call ratio (PCR) at 0.78 vs 1.03

• Nifty Bank PCR at 0.76 vs 0.81

• Volatility index India VIX unchanged at 12.23

The market wizard expects a higher zone at 24,550-24,650 levels and a strong sell zone at 24,700-24,850 levels for the headline index.

For the banking index, he expects a higher zone at 55,225-55,375 levels and a strong sell zone at 55,425-55,650 levels. 

What market data signals

• On Tuesday, Nifty scaled a one-week peak of 24,702
• For the past five days, Nifty has failed to close above its 100-day exponential moving average (EMA) of 24,600
• On Tuesday, Nifty Bank traded within the previous day’s range
• For four sessions in a row, Nifty Bank has taken strong support near its 100-day EMA of 54,950  
• HDFC Bank posted its weakest closing in three weeks, at Rs 1,969
• DIIs have been net buyers for 27 consecutive days--their longest purchasing spree since March 19
• FII index futures long positions stand at 7.95 per cent--the lowest since March 2023
• For the first time since 2012, FIIs' index futures long positions have remained below 10 per cent for nine back-to-back sessions 
• Nasdaq at a fresh all-time intraday high of 21,549 for a third straight day
• New intraday and closing highs on S&P 500
• US bond yields up for the fifth session in a row, close to 4.3 per cent 
• Copper and zinc at three-week highs
• Crude oil near a two-month low or around $66/barrel 

Positive signals for Dalal Street

• Inflation at eight-year low; positive news for banking stocks
• An extended rally expected in PSU bank stocks 
• Fresh all-time highs on Wall Street; IT stocks may get a Nasdaq boost 
• Weakness in crude oil and Dollar Index
• Positive sentiment on hopes about the end of Russia-Ukraine war 
• Continued strong buying by DIIs 
• Mutual fund inflows at a record level in July

Negative signals

• FIIs selling has eased but exists   
• Retail investors in selling mode
• Difficulty sustaining at higher levels
• US President Donald Trump’s tariff threat still looms over the market

Key levels to track in Nifty50 and Nifty Bank now

• Strong support for Nifty at 24,350-24,450; fresh weakness only if the index gives up the 24,300 mark
• The upper range for Nifty is pegged at 24,600-24,750 levels; one can expect a major rally only it surpasses 24,850
• Fresh weakness in Nifty Bank only below the 54,900 mark
• Strength to return in the banking index if it takes out 54,650 on a closing basis

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions:

• Nifty intraday and closing stop loss at 24,300

• Nifty Bank intraday and closing stop loss at 54,800

For existing short positions:

• Nifty intraday and closing stop loss at 24,725

• Nifty Bank intraday and closing stop loss at 55,650

For new positions in Nifty50:

Stocks in F&O ban

• New in ban: Titagarh Rail Systems

• Already in ban: PG Electroplast, RBL Bank, PNB Housing Finance

• Out of ban: None

RESULTS REVIEWS 

Buy Apollo Hosp Futures:
SL 7175 Tgt 7365, 7410
Results better than expectation

Buy Nykaa Futures:
SL 199 Tgt 210, 213
Strong results
Impressive margins
Stock down 6% in one month

Buy JSPL Futures:
SL 990 Tgt 1015, 1025
Strong results on all parameters

Sell PI Industries Futures:
SL 3880 Tgt 3800, 3730, 3690
Extremely weak results on all parameters

Bharat Dynamics Futures:
Results slightly weak than expectation
But strong order book
Stock down 20% in one month
Buy near support levels
Support Level 1460, Higher Levels 1510 & 1525

Suzlon Energy Futures:
Strong growth in topline
But weak operational performance
Support Level 62.75, Higher Levels 64.75 & 65.75

STOCK OF THE DAY

Buy Paytm:
SL 1100 Tgt 1135, 1148
RBI issues payment aggregator license to Paytm Payments Services

Nifty Bank has taken strong support near its 100-day EMA of 54,950 for