Anil Singhvi strategy April 27: Important levels to track in Nifty 50, Nifty Bank
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the April 27 session on Dalal Street. Check out his take on the Indian share market, and key support and resistance levels for the Nifty and the Nifty Bank.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,700-17,750 levels and a strong buy zone at 17,625-17,665 levels on Thursday, April 27. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI and Axis Bank, he sees support emerging at 42,600-42,675 levels and a strong buy zone at 42,375-42,450 levels.
Here's how Anil Singhvi sums up the market setup on April 27:
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Global: Negative
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FII: Positive
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DII: Positive
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F&O: Neutral
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Sentiment: Neutral
-
Trend: Neutral
For the 50-scrip headline index, he expects a higher zone at 17,800-17,875 levels and a strong sell zone at 17,925-17,975 levels. For the banking index, he sees a higher zone at 42,875-43,000 levels and a strong sell zone at 43,075-43,250 levels.
- FII index longs at 46 per cent on Thursday vs 45 per cent the previous day
- Nifty put-call ratio (PCR) at 1.22 vs 1.16
- Nifty Bank PCR at 1.31 vs 1.05
- Fear index India VIX up one per cent at 11.65
ANIL SINGHVI MARKET STRATEGY
For existing long positions:
- Nifty intraday and closing stop loss at 17,700
Nifty Bank intraday and closing stop loss at 42,600
For existing short positions:
- Nifty intraday and closing stop loss at 17,875
- Nifty Bank intraday and closing stop loss at 43,000
For new positions in Nifty:
-
Buy Nifty in 17665-17750 range:
SL 17600 Tgt 17800, 17825, 17850, 17875, 17925, 17975Aggressive Traders Sell Nifty in 17850-17925 range:
Strict SL 18000 Tgt 17800, 17775, 17750, 17715, 17665
For new positions in Nifty Bank:
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Buy Bank Nifty in 42375-42450 range:
SL 42250 Tgt 42600, 42675, 42725, 42825, 42875Aggressive Traders Buy Bank Nifty:
Strict SL 42400 Tgt 42875, 42950, 43000, 43075, 43150, 43250Aggressive Traders Sell Bank Nifty in 42950-43075 range:
Strict SL 43250 Tgt 42875, 42825, 42725, 42675, 42600, 42450
F&O ban
New in ban: GNFC
Already in ban: Zee Entertainment
Out of ban: None
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Syngene
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SBI Life
- Buy SBI Life with a stop loss at 1,105 for targets of Rs 1,140, Rs 1,155 and Rs 1,170
- Strong growth in new business
- Best guidance on higher base
- Cheaper valuation compared to peers
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