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

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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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