Anil Singhvi Market Strategy December 27: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,600-23,675 levels and a strong buy zone at 23,525-23,575 levels for the headline Nifty50 index on Friday, December 27. For the Nifty Bank, he expects support at 50,950-51,025 levels and a strong buy zone at 50,625-50,775 levels. 

Here's how the market guru sums up the trade setup this morning: 

• Global: Neutral

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

• FII long positions at 18 per cent vs 24 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 1.05 vs 0.94

• Nifty Bank PCR at 1.10 vs 0.93

• Volatility index India VIX up 6.5 per cent at 14.04  

The market wizard sees a higher zone for the headline index at 23,850-23,950 levels and a strong sell zone at 24,000-24,150 levels. For the banking index, he sees a higher zone at 51,325-51,425 levels and a strong sell zone at 51,575-51,750 levels.

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday stop loss at 23,625 and closing stop loss at 23,575

• Nifty Bank intraday stop loss at 50,900 and closing stop loss at 50,750

For existing short positions:

• Nifty intraday stop loss at 23,900 and closing stop loss at 24,000

• Nifty Bank intraday stop loss at 51,425 and closing stop loss at 51,625

For new positions in Nifty50:

• The best range to buy Nifty is 23,575-23,675 with a stop loss at 23,500 for targets of 23,725, 23,750, 23,800, 23,860 and 23,950

• Aggressive traders can buy Nifty with a strict stop loss at 23,625 for targets of 23,800, 23,850, 23,950, 24,000, 24,050 and 24,150

• Aggressive traders can sell Nifty in the 23,850-24,000 range with a strict stop loss at 24,100 for targets of 23,800, 23,750, 23,700, 23,650, 23,600 and 23,525

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 50,625-50,775 with a stop loss at 50,500 for targets of 50,950, 51,025, 51,125, 51,175, 51,225 and 51,325

• Aggressive traders can buy Nifty Bank with a strict stop loss at 50,900 for targets of 51,275, 51,325, 51,400, 51,575, 51,625 and 51,725

• Aggressive traders can sell Nifty Bank in the 51,575-51,750 range with a strict stop loss at 51,850 for targets of 51,425, 51,325, 51,250, 51,175, 51,125, 51,025 and 50,950

Stocks in F&O Ban ​

• Out of ban: RBL Bank
• New in ban: None
• Already in ban: None

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