Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 23,675-23,800 levels and a strong buy zone at 23,500-23,625 levels on Tuesday, November 5. For the Nifty Bank, he expects support at 50,800-51,000 levels and a strong buy zone at 50,200-50,375 levels.

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

  • Global: Negative
  • FII: Negative
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Negative
  • Trend: Negative
  • FII long positions at 24 per cent vs 23 per cent before the previous session
  • Nifty put-call ratio (PCR) at 0.85 vs 1.07Nifty Bank PCR at 0.71 vs 0.69
  • Volatility index India VIX up 5 per cent at 16.69

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The market wizard sees a higher zone for the headline index at 24,075-24,200 levels and a strong sell zone at 24,275-24,400 levels.

For the banking index, he sees a higher zone at 51,475-51,675 levels and a strong sell zone at 51,750-51,900 levels.

Special Coverage, Special Occasion!

Market guru Singhvi is leading a special coverage from the offices of BSE in Mumbai in light of Zee Business achieving a record viewership with a market share of 77.4 per cent. He will also participate in a special bell-ringing ceremony 45 minutes into the opening bell, at 10 am, to commemorate the milestone. Read more

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