Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,450-24,550 levels and a strong buy zone at 24,275-24,375 levels on Tuesday, August 12. For the Nifty Bank, the market wizard expects support at 55,150-55,350 levels and a strong buy zone at 54,900-55,000 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Neutral

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Cautious

• Trend: Neutral

• FII long positions unchanged at 8 per cent as before Monday’s session

• Nifty put-call ratio (PCR) at 1.03 vs 0.72

• Nifty Bank PCR at 0.81 vs 0.80

• Volatility index India VIX up 1.5 per cent at 12.22

The market wizard expects a higher zone at 24,650-24,725 levels and a profit-booking zone at 24,765-24,850 levels for the headline index.

For the banking index, he expects a higher zone at 55,650-55,750 levels and a profit-booking zone at 55,850-56,000 levels. 

What market data signals

• Nifty50 has halted a six-day trend of lower highs
• Index has formed a base near 24,350 in three days, with 100-day exponential moving average (EMA) stalling near the 24,590 mark
• Nifty Bank has taken strong support at 100-day moving and exponential moving averages in the 54,900-55,000 zone during this period 
• Midcap and smallcap indices hit a two-month low on Monday
• Volatility index India VIX has hit a one-month high
• RIL slumped to a three-month low of Rs 1,361
• HDFC Bank has been holding on to strong support at Rs 1,973 for five sessions in a row
• DIIs have been net purchasers for 26 consecutive sessions–their longest buying spree since March 19  
• FIIs’ index futures long positions stand at 8.45 per cent–the lowest since 7.75 per cent in March 2023; these positions have been below 10 per cent for eight straight sessions for the first time since 2012  

Global signals

• Nasdaq made a new intraday lifetime high of 21,549 for a third straight session
• US bond yields have risen for the fourth straight day, now at 4.3 per cent
• Silver is at a one-week low
• Gold has fallen by Rs 1,860 from it slifetime high of Rs 1,02,250
• Crude oil is near a two-month low, around $66/barrel
• ICE coffee futures are at a seven-week high

Tariff update

• Deadline for tariffs on China extended by 90 days
• US President Donald Trump has softened his stance on China, his biggest tariff adversary
• The meaning is clear: Tariff disputes with India are more about ego than economics
• If the Russia–Ukraine war stops, tariffs will likely ease

Key Nifty50 and Nifty Bank levels to track

• The first recovery target range for Nifty50 is placed at 24,675-24,850
• Nifty Bank can move to 55,750-55,950 in a recovery
• Bigger targets for Nifty and Nifty Bank stand near 25,000 and 56,500 respectively
• Participants should lighten their positions in a recovery
• A bottom will be confirmed only if Nifty closes above 24,850 and Nifty Bank above 56,000
• Until then, strong supports exist at 24,350 and 54,900 respectively

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

For existing long positions:

• Nifty intraday stop loss at 24,450 and closing stop loss at 24,350

• Nifty Bank intraday stop loss at 55,150 and closing stop loss at 55,000

For existing short positions:

• Nifty intraday and closing stop loss at 24,675

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

For new positions in Nifty50:

Stocks in F&O ban

• New in ban: PG Electroplast

• Already in ban: PNB Housing Finance, RBL Bank

• Out of ban: None

RESULTS REVIEWS 

Astral 

• Results highly disappointing on all parameters
• Sell Astral futures for targets of Rs 1,365, Rs 1,350 and Rs 1,330 with a stop loss at Rs 1,405 

Titagarh Rail Systems

• Results weak on all fronts
• Sell Titagarh Rail futures for targets of Rs 760, Rs 745 and Rs 735 with a stop loss at Rs 792 

STOCKS OF THE DAY

Buy Belrise Industries shares for targets of Rs 137, Rs 140 and Rs 142 with a stop loss at Rs 132 

• Results strong on all parameters

Sell Hindalco futures for targets of Rs 660 and Rs 653 with a stop loss at Rs 681