Anil Singhvi strategy June 12: Important levels to track in Nifty, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the June 12 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the Nifty index at 18,465-18,535 on Monday, June 12. For the Nifty Bank, the market guru sees support at 43,825-43,925 levels and a strong buy zone at 43,675-43,750 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
For the 50-scrip headline index, he expects a higher zone at 18,625-18,660 levels and a profit-booking zone at 18,690-18,775 levels. For the banking index, he sees a higher zone at 44,175-44,325 levels and a strong sell zone at 44,375-44,500 levels.
- FII index longs at 46 per cent vs 48 per cent the previous day
- Nifty put-call ratio for all contracts at 0.84 vs 1.06
- Nifty Bank PCR for all contracts at 0.77 vs 0.77
- Fear index India VIX down 1.22 per cent at 11.12
ANIL SINGHVI MARKET STRATEGY
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