Anil Singhvi Market Strategy November 14: 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 23,300-23,400 levels and a strong buy zone at 23,000-23,200 levels on Thursday, November 14. For the Nifty Bank, he expects support at 49,650-49,750 levels and a stronger support zone at 49,075-49,275 levels.
Here's how the market guru sums up the trade setup this morning:
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Global: Neutral
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FII: Neutral
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DII: Positive
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F&O: Neutral
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Sentiment: Negative
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Trend: Negative
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FII long positions at 22 per cent vs 24 per cent before Wednesday's session
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Nifty put-call ratio (PCR) at 0.70 vs 0.72
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Nifty Bank PCR at 1.12 vs 0.59
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India VIX up 6 per cent at 15.44
The market wizard sees a higher zone for the headline index at 23,750-23,850 levels and a strong sell zone at 23,875-24,000 levels.
For the banking index, he sees a higher zone at 50,375-50,575 levels and a strong sell zone at 50,800-51,000 levels.
ALSO READ: Goodbye, Bank Nifty weekly options!
MARKET STRATEGY
For existing long positions:
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Nifty intraday and closing stop loss at 23,475
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Nifty Bank intraday and closing stop loss at 49,750
For existing short positions:
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Nifty intraday stop loss at 23,750 and closing stop loss at 23,900
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Nifty Bank intraday stop loss at 50,600 and closing stop loss at 51,200
For new positions in Nifty50:
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The best range to sell Nifty is 23,750-23,875 with a stop loss at 24,000 for targets of 23,650, 23,575, 23,500, 23,400, 23,200 and 23,100
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Aggressive traders can buy Nifty in the 23,100-23,300 range with a strict stop loss at 22,900 for targets of 23,500, 23,550, 23,650, 23,750, 23,800 and 23,875
For new positions in Nifty Bank:
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The best range to sell Nifty Bank is 50,800-51,000 with a stop loss at 51,200 for targets of 50,575, 50,375, 50,200, 50,100, 50,000, 49,900 and 49,750
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Aggressive traders can buy Nifty Bank in the 49,650-49,750 range with a strict stop loss at 49,500 for targets of 49,900, 50,075, 50,200, 50,375, 50,500 and 50,800
Stocks in F&O ban
- New in ban: GNFC
- Out of ban: AB Fashion
- Already in ban: Hindustan Copper, Aarti Industries, Granules India, Manappuram Finance
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09:08 AM IST