Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,465-18,535 levels on Wednesday, June 7. For the Nifty Bank, he sees support at 44,000-44,075 levels and a strong buy zone at 43,825-43,950 levels. 

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

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

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For the 50-scrip headline index, he expects a higher zone at 18,640-18,660 levels and a profit-booking zone at 18,690-18,750 levels.​ For the banking index, he sees a higher zone at 44,275-44,325 levels and a strong sell zone at 44,425-44,500 levels.   

  • FII index longs at 46 per cent vs 50 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.01 vs 1.00
  • Nifty Bank PCR at 0.97 vs 0.87
  • India VIX up two per cent at 11.38

ANIL SINGHVI MARKET STRATEGY

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