Anil Singhvi Market Strategy January 30: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Learn more about his views on key support and resistance levels for the Nifty and the Nifty Bank, and what he makes of the market now.
![Anil Singhvi Market Strategy January 30: Important levels to track in Nifty50, Nifty Bank today](https://cdn.zeebiz.com/sites/default/files/2025/01/30/348930-anilsinghviofficial.jpg?im=FitAndFill=(1200,900))
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 22,975-23,100 levels and a strong buy zone at 22,800-22,950 levels for the headline Nifty50 index on Thursday, January 30. For the Nifty Bank, he expects support at 48,650-48,850 levels and a strong buy zone at 48,200-48,450 levels.
Here's how the market guru sums up the trade setup this morning:
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Global: Negative
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FII: Neutral
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DII: Positive
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F&O: Neutral
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Sentiment: Neutral
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Trend: Negative
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FII long positions unchanged at 25 per cent as the previous day
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Nifty put-call ratio (PCR) at 1.06 vs 0.95
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Nifty Bank PCR at 0.79 vs 0.75
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Volatility index India VIX up 2.5 per cent at 18.64
The market wizard sees a higher zone at 23,200-23,265 levels and a profit-booking zone at 23,350-23,425 levels for the headline index.
For the banking index, he sees a higher zone at 49,450-49,650 levels and a strong sell zone at 49,750-49,950 levels.
ANIL SINGHVI MARKET STRATEGY
For existing long positions:
- Nifty intraday and closing stop loss at 22,950
- Nifty Bank intraday and closing stop loss at 48,800
For existing short positions:
- Nifty intraday and closing stop loss at 23,200
- Nifty Bank intraday and closing stop loss at 49,350
For new positions in Nifty50:
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The best range to buy Nifty is 22,950-23,100 with a stop loss at 22,800 for targets of 23,150, 23,200, 23,265, 23,350, 23,400 and 23,425
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Aggressive traders can sell Nifty in the 23,265-23,400 range with a strict stop loss at 23,500 for targets of 23,200, 23,150, 23,100, 23,050, 23,025 and 22,950
For new positions in Nifty Bank:
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Aggressive traders can buy Nifty Bank at 48,850 and 48,450 with a strict stop loss at 48,200 for targets of 49,000, 49,150, 49,250, 49,450, 49,550 and 49,650
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Aggressive traders can sell Nifty Bank in the 49,550-49,750 range with a strict stop loss at 50,000 for targets of 49,350, 49,200, 49,000, 48,850, 48,575 and 48,450
No stock in F&O ban
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