Anil Singhvi Market Strategy, Nifty50, Nifty Bank Today: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 25,625-25,725 levels and a strong buy zone at 25,375-25,500 levels on Thursday, October 3. For the Nifty Bank, he expects support to come in at 52,425-52,575 levels and a strong buy zone at 52,075-52,275 levels. 

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The market wizard sees a higher zone for the headline index at 25,875-25,940 levels and a profit-booking zone at 26,000-26,025 levels. He expects higher zones at 25,800-25,875 and 53,100-53,225 levels and sell zones at 25,940-26,025 and 53,350-53,500 for the Nifty50 and the Nifty Bank, respectively. 

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

  • Global: Negative
  • FII: Negative
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Cautious
  • Trend: Positive
  • FII long positions at 79 per cent vs 81 per cent in the previous session
  • Nifty put-call ratio (PCR) at 0.83 vs 0.84
  • Nifty Bank PCR at 0.78 vs 0.62
  • India VIX down 6 per cent at 11.99

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MARKET STRATEGY 

For existing long positions:

  • Nifty intraday and closing stop loss at 25,725
  • Nifty Bank intraday and closing stop loss at 52,700

For existing short positions:

  • Nifty intraday and closing stop loss at 26,050
  • Nifty Bank intraday and closing stop loss at 53,400

For new positions in Nifty50:

  • Aggressive traders can sell Nifty with a strict stop loss at 25,925 for targets of 25,750, 25,625, 25,480, 25,425 and 25,375
  • The best range to buy Nifty is 25,475-25,625 with a stop loss at 25,400 for targets of 25,725, 25,775, 25,800, 25,850, 25,900 and 25,940

For new positions in Nifty Bank:

  • Aggressive traders can sell Nifty Bank with a strict stop loss at 53,350 for targets of 52,675, 52,575, 52,500, 52,425, 52,275 and 52,200
  • Aggressive traders can buy Nifty Bank in the 52,275-52,500 range with a strict stop loss at 52,075 for targets of 52,750, 52,825, 52,925, 52,975, 53,100 and 53,225

Stocks in F&O ban

  • New in ban: Birlasoft
  • Out of ban: Balrampur Chini
  • Already in ban: Hindustan Copper, RBL Bank, Bandhan Bank

Stock of the Day

Buy Balrampur Chini futures with a stop loss at Rs 670 for targets of Rs 690, Rs 700 and Rs 710

  • The stock exits an F&O ban today
  • Sugar stocks are looking very strong
  • A bio-plastic policy announced by the UP government is a big positive for the company 

Sell Dabur futures with a stop loss at Rs 631 for targets of Rs 610 and Rs 592

  • The company has given a very weak quarterly update

Buy JSPL futures with a stop loss at Rs 1,020 for targets of Rs 1,054, Rs 1,066 and Rs 1,080

  • Metals have bounced back very strongly
  • Bullish stance on metal stocks
  • Continue with a 'buy on dips' strategy

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