Market Strategy by Anil Singhvi January 13: Key levels to track in Nify50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,200-23,350 levels and a strong support zone at 23,000-23,100 levels in the Nifty50 headline index on Monday, January 13. For Nifty Bank, he expects support at 48,350 levels -48,50 and a strong support area 48,000-48,175 levels.

The market wizard points out that strong buying by DIIs of around Rs 4,000 crore on Friday led FIIs to sell to the tune of Rs 2,255 crore.

The Nifty appears to be close to key support at the moment, with the sentiment supported by macroeconomic data given the significant uptick in the country’s industrial production growth.

Here’s how the market guru summed up the trade setup this morning:

• Global: Bad

• FII: Neutral

• DII: Negative

• F&O: Neutral

• Feeling: Bad

• Trend: Neutral

• Long FII positions were unchanged at 16 percent as before the previous session

• Nifty put-call ratio (PCR) at 0.88 vs 0.92

• Nifty Bank PCR at 0.58 vs 0.66

• Volatility index India VIX rose two percent to 14.92

The market wizard sees a high point at 23,425-23,525 levels and a strong selling point at 23,550-23,650 levels of the headline index.

With the bank index, you see a high area at the levels of 49,225-49,375 and a strong selling area at the levels of 49,500-49,650.

ANIL SINGHVI MARKET STRATEGIES

For existing long positions:

• Nifty intraday stop loss at 23,250 and closing stop loss at 23,325

• Nifty Bank intraday and closing loss at 48,600

With short positions available:

• Nifty intraday and closing loss at 23,600
• Nifty Bank intraday stop loss in 49,000 and closing stop loss in 49,500

For new positions in Nifty50:

• Aggressive traders can sell Nifty in the range of 23,500-23,600 with a strong stop loss at 23,700 with targets of 23,425, 23,350, 23,300, 23,265, 23,200 and 23,100

• Aggressive traders can buy Nifty in the range of 23,100-23,250 with strong stop loss at 23,000 with targets of 23,300, 23,350, 23,425, 23,500, 23,550 and 23,600

For new positions in Nifty Bank:

• Aggressive traders can sell the Nifty Bank in the range of 49,375-49,500 with a strong stop loss at 49,850 in terms of 49,225, 49,075, 48,750, 48,625, 48,500 and 48,350

• Aggressive traders can buy Nifty Bank in the range of 48,350-48,500 with strong stop loss at 48,100 with targets of 48,625, 48,725, 48,975, 49,225, 49,375, 49,475 and 490

Stocks on F&O ban .

• Already banned: L&T Finance, Bandhan Bank, Hindustan Copper, RBL Bank, Manappuram Finance
• New ban: None
• Without restriction: None

Stock of the Day: Biocon

Buy Biocon futures with stop loss at Rs 353 with targets of Rs 373, Rs 379 and RS 382

• Biologics Insulin facilities in Malaysia received VAI classification from the US FDA for testing in September.
• Bank of America maintained ‘buy’ rating and raised its price target by Rs 35 to Rs 435.

DMart Results Review

• D-Mart futures have support at Rs 3,500, Rs 3,430 and Rs 3,410
• A high is expected at Rs 3,775
• The company’s performance is weak due to its investment in D-Mart Ready
• The change in the position of MD and CEO from February 2026 is not bad because it is along the expected lines
• The stock could fall 4-6 percent on weak results
• Low rates will provide a good investment opportunity

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