Anil Singhvi strategy June 30: 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 30 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 in the Nifty index coming in at 18,860-18,890 levels on Friday, June 30. The market wizard points out that levels above 19,025 will be the "blue sky zone" for the headline index.
For the Nifty Bank, he sees support at 44,125-44,175 and a strong buy zone at 43,925-44,025 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Positive
- DII: Negative
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
For the banking index, he expects a higher zone at 44,425-44,500 levels and a blue sky zone above the 44,550 mark.
- FII index longs at 66 per cent vs 60 per cent
- Nifty put call ratio (PCR) at 1.41 vs 1.21
- Nifty Bank PCR at 1.3 vs 1.46
- Fear index India VIX up one per cent at 10.89
ANIL SINGHVI MARKET STRATEGY
Read more on what market wizard Anil Singhvi makes of PKH Ventures IPO
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