Anil Singhvi strategy June 5: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone emerging in the Nifty50 benchmark at 18,450-18,525 levels on Monday, June 5. For the Nifty Bank, he sees a strong buy zone at 43,675-43,825 levels. 

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

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,600-18,660 levels and a profit-booking zone at 18,690-18,750 levels.​ For the banking index, he sees a higher zone at 44,175-44,300 levels and a profit-booking zone at 44,425-44,500 levels.   

• FII index longs at 48 per cent vs 46 per cent the previous day

• Nifty put-call ratio (PCR) at 0.95 vs 1.00

• Nifty Bank PCR at 0.80 vs 0.76

• India VIX down four per cent at 11.13

ANIL SINGHVI MARKET STRATEGY

The market wizard believes Dalal Street is ready for a strong move following the consolidation last week. He sees big moves emerging across segments. 

Investors need not worry as long as the Nifty and the Nifty Bank close above 18,275 and 43,650, he adds. 

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 44,550

For new positions in Nifty:

• Buy Nifty with a stop loss at 18,450 for targets of 18,600, 18,635, 18,660, 18,690, 18,725, 18,750 and 18,785

• Aggressive traders can sell Nifty in the 18,660-18,750 range with a strict stop loss at 18,825 for targets of 18,625, 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 43,675 for targets of 44,075, 44,125, 44,200, 44,300, 44,425 and 44,475

• Aggressive traders can sell Nifty Bank in the 44,325-44,500 range with a strict stop loss at 44,600 for targets of 44,200, 44,100, 44,025, 43,950, 43,900 and 43,825

No stock in F&O ban

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