Anil Singhvi’s Strategy February 13: Banks, NBFC & Metals are Positive; Auto Sector is Negative, Sell Ashok Leyland Futures with Stop Loss 82

Amid neutral global markets, positive foreign institutional investors (FIIs), domestic institutional investors (DIIs), and sentiment and cautious futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Thursday, February 13, 2020.

The market continued its rally for the second consecutive session on Wednesday, February 12, 2020. The momentum was supported by positive global shares as concerns over the ongoing coronavirus outbreak abated. The Nifty 50 index managed to close above the 12,200-mark. 

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The Sensex at the Bombay Stock Exchange surged 349.76 points, or 0.85 per cent, to end at 41,565.90. The Nifty at the National Stock exchange jumped 93.30 points, or 0.77 per cent, to 12,201.20. Likewise, Bank Nifty rose 192.30 points, or 0.61 per cent, to 31,492.90.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 13:

The small day range for trading at Nifty is 12,150-12,225, while the medium and bigger ranges are 12,100-12,275 and 12,075-12,300. 

The small day range for trading at Bank Nifty 31,400-31,600, while the medium and bigger ranges are 31,300-31,700 and 31,200-31,800.

For Existing Long Positions:

Nifty intraday and closing stop loss 12,100. 

Bank Nifty intraday 31,400 and closing stop loss 31,300. 

For Existing Short Positions:

Nifty intraday and closing stop loss 12,250. 

Bank Nifty intraday and closing stop loss 31,600. 

For New Positions:

Buy Nifty with the stop loss of 12,100 and target 12,225, 12,250, 12,300. 

Sell Nifty near 12,300 with the stop loss of 12,350 and target 12,250, 12,225. 

Buy Bank Nifty in 31,300-31,400 range with the stop loss of 31,200 and target 31,500, 31,575, 31,650, 31,750. 

Sell Bank Nifty in 31,750-31,800 range with the stop loss of 31,850 and target 31,650, 31,600, 31,500.

Put-Call Ratio (PCR) is 1.61 alert at a higher level. The volatility index (VIX) is 13.62.

Still In F&O Ban: Yes Bank

Sectors:

Positive: Banks, NBFC, Metals

Negative: Auto

Stock of the Day:

Sell Ashok Leyland Futures: Stop loss 82 and target 79, 77.5. Very Weak operational performance