Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the headline Nifty50 index emerging at 20,850-20,950 levels and a blue-sky zone above 21,025 on Monday, December 11. For the Nifty Bank, he expects a strong buy zone at 46,800-47,000 levels and a blue-sky zone above 47,350.

Here's how Anil Singhvi sums up the market setup:

  • Global: Positive
  • FII: Positive
  • DII: Negative
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Positive

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Singhvi expects a higher zone for the Nifty at 20,940-21,000 levels and a blue-sky zone above the 21,000 mark. For the banking index, he sees a higher zone coming in at 46,925-47,000 levels and a profit-booking zone above the 47,200-47,250 band.

ANIL SINGHVI MARKET STRATEGY 

  • FII index longs at 58 per cent vs 57 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.20 vs 1.34
  • Nifty Bank PCR at 1.25 vs 1.03
  • Volatility index India VIX down 1.5 per cent at 12.47

The market wizard suggests adopting a 'buy on dips' strategy at key support levels, amid stability in crude oil, bond yields and global markets, and mixed trends from FIIs and DIIs. He also points out three mega block deals amounting to Rs 7,000 crore on Friday.

Singhvi believes that the market should be ready to scale a new peak after a lacklustre start to the day, with the banking space looking strong and prepared to stage a breakout. 

 

stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.