Anil Singhvi strategy April 28: 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 28 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.
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,550-17,750 levels and a strong buy zone at 17,775-17,850 levels on Friday, April 28. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, and Axis Bank, he sees support emerging at 42,725-42,850 levels and a strong buy zone at 42,600-42,675 levels.
Here's how Anil Singhvi sums up the market setup on April 28:
- Global: Positive
- FII: Positive
- DII: Neutral
- F&O: Neutral
- Sentiment: Positive
- Trend: Neutral
For the 50-scrip headline index, Singhvi expects a higher zone at 17,975-18,035 levels and a strong sell zone at 18,100-18,150 levels. For the banking index, he sees a higher zone at 43,150-43,250 levels and a strong sell zone at 43,375-43,575 levels.
- FIIs Index Long at 41% Vs 46%
- Nifty PCR at 1.20 Vs 1.22
- Bank Nifty PCR at 1.11 Vs 1.31
- India VIX down by 2% at 11.43
ANIL SINGHVI MARKET STRATEGY
For Existing Long Positions:
- Nifty intraday and closing stop loss 17,750
- Bank Nifty intraday and closing stop loss 42,600
For Existing Short Positions:
- Nifty intraday and closing stop loss 18,025
- Bank Nifty intraday and closing stop loss 43,075
For New Positions:
Buy Nifty: Stop loss 17750 Tgt 17975, 18000, 18035, 18100, 18125, 18150
Aggressive traders sell Nifty in 18100-18150 range:
Strict stop loss 18250 and target 18035, 18000, 17975, 17925, 17850
For New Positions:
Buy Bank Nifty:
Stop loss 42600; target 43075, 43150, 43200, 43250, 43300, 43375, 43425, 43475
Aggressive Traders Sell Bank Nifty in 43375-43575 range:
Strict stop loss 43650 and for target 43300, 43250, 43200, 43150, 43075, 43000, 42875
F&O Ban Update:
- Out Of Ban: GNFC, Zee Entertainment
- New In Ban: Nil
- Already In Ban: Nil
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