Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty50 benchmark emerging at 18,425-18,475 levels and a strong buy zone at 18,340-18,400 levels on Friday, June 2. For the Nifty Bank, he sees support at 43,525-43,675 levels and a strong buy zone at 43,200-43,375 levels. 

Here's how Anil Singhvi sums up the market setup:

  • Global: Neutral
  • FII: Neutral
  • DII: Negative
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Positive

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For the 50-scrip headline index, he expects a higher zone at 18,525-18,575 levels and a strong sell zone at 18,600-18,660 levels.​ For the banking index, he sees a higher zone at 43,975-44,175 levels and a strong sell zone at 44,300-44,475 levels.   

  • FII index longs at 46 per cent vs 54 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.00 vs 0.99
  • Nifty Bank PCR at 0.76 vs 0.82
  • Fear index India VIX down three per cent at 11.60

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

  • Nifty intraday and closing stop loss at 18,450
  • Nifty Bank intraday and closing stop loss at 43,650

For existing short positions:

  • Nifty intraday and closing stop loss at 18,675
  • Nifty Bank intraday and closing stop loss at 44,025

For new positions in Nifty:

  • Buy Nifty with a stop loss at 18,450 for targets of 18,525, 18,575, 18,600, 18,635 and 18,660
  • Sell Nifty in the 18,625-18,700 range with a stop loss at 18,750 for targets of 18,600, 18,575, 18,535, 18,500 and 18,475

For new positions in Nifty Bank:

  • Buy Nifty Bank with a stop loss at 43,650 for targets of 43,975, 44,025, 44,075, 44,125, 44,200, 44,300 and 44,425
  • Sell Nifty Bank in the 44,300-44,475 range with a stop loss at 44,550 for targets of 44,200, 44,125, 44,025, 43,950, 43,900 and 43,825

No stock in F&O ban

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