Anil Singhvi strategy June 5: 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 5 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 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
latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.