Anil Singhvi strategy April 25: Important levels to track in Nifty 50, Nifty Bank

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,665-17,725 levels and a strong buy zone at 17,575-17,625 levels on Tuesday, April 25. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 42,375-42,500 levels and a strong buy zone at 42,150-42,275 levels.

Here's how Anil Singhvi sums up the market setup on April 25: 

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

For the 50-scrip headline index, he expects a higher zone at 17,800-17,850 levels and a profit-booking zone at 17,875-17,925 levels.​ For the banking index, he sees a higher zone at 42,825-42,950 levels and a profit-booking zone at 43,000-43,150 levels.

• FII index longs at 44 per cent on Tuesday vs 39 per cent the previous day
• Nifty put-call ratio (PCR) at 1.13 vs 0.93
• Nifty Bank PCR at 1.25 vs 0.78
• Fear index India VIX unchanged at 11.67

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 17,600
• Nifty Bank intraday stop loss at 42,250 and closing stop loss at 42,000

For existing short positions:

• Nifty intraday and closing stop loss at 17,875
• Nifty Bank intraday and closing stop loss at 43,000

For new positions in Nifty:

• Buy Nifty with a stop loss at 17,600 for targets of 17,800, 17,825, 17,850, 17,875, 17,925 and 17,975

• Sell Nifty in the 17,800-17,875 range with a stop loss at 17,925 for targets of 17,750, 17,725, 17,700, 17,665 and 17,625

For new positions in Nifty Bank:

• Buy Nifty Bank in the 42,275-42,375 range with a stop loss at 42,200 for targets of 42,500, 42,625, 42,700 and 42,825

• Aggressive traders can buy Nifty Bank with a strict stop loss at 42,450 for targets of 42,700, 42,825, 42,950, 43,000, 43,075 and 43,150

• Aggressive traders sell Nifty Bank in the 42,950-43,150 range with a strict stop loss at 43,250 for targets of 42,825, 42,725, 42,650, 42,500, 42,375 and 42,275

No stocks in F&O ban

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