Anil Singhvi Market Strategy October 15: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Learn more about 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 expects support for the headline Nifty50 index to emerge at 24,975-25,050 levels and a strong buy zone at 24,850-24,950 levels on Tuesday, October 15.
For the Nifty Bank, he expects support at 51,525-51,675 levels and a strong buy zone at 51,225-51,475 levels.
Here's how the market guru sums up the trade setup this morning:
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Global: Positive
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FII: Negative
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DII: Positive
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F&O: Neutral
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Sentiment: Neutral
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Trend: Neutral
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FII long positions at 35 per cent vs 36 per cent the previous day
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Nifty put-call ratio (PCR) at 0.90 vs 0.84
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Nifty Bank put-call ratio (PCR) at 1.00 vs 0.71
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Volatility index India VIX down 1 per cent at 13.09
The market wizard sees a higher zone for the headline index at 25,200-25,300 levels and a strong sell zone at 25,325-25,425 levels.
For the banking index, he sees a higher zone at 51,950-52,075 levels and a profit-booking zone at 52,150-52,275 levels.
MARKET STRATEGY
For existing long positions:
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Nifty intraday and closing stop loss at 24,950
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Nifty Bank intraday and closing stop loss at 51,450
For existing short positions:
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Nifty intraday and closing stop loss at 25,250
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Nifty Bank intraday and closing stop loss at 52,000
For new positions in Nifty50:
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Buy Nifty with a stop loss at 24,950 for targets of 25,160, 25,225, 25,250, 25,300, 25,335 and 25,375
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Aggressive traders can sell Nifty in the 25,225-25,325 range with a strict stop loss at 25,425 for targets of 25,175, 25,125, 25,025, 25,000, 24,975 and 24,950
For new positions in Nifty Bank:
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The best range to buy Nifty Bank is 51,475-51,675 with a stop loss at 51,200 for targets of 51,800, 51,875, 52,075, 52,150, 52,200 and 52,275
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Aggressive traders can sell Nifty Bank in the 52,075-52,275 range with a strict stop loss at 52,400 for targets of 51,950, 51,875, 51,800, 51,700, 51,575 and 51,500
Stocks in F&O ban
- New in ban: IEX, NALCO, Tata Chemicals
- Already in ban: Chambal Fertilisers, SAIL, IDFC First Bank, PNB, GNFC, Granules India, Manappuram Finance, Hindustan Copper, RBL Bank
- Out of ban: None
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09:10 AM IST