Anil Singhvi strategy December 12: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for todays session. Check out 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 sees a strong buy zone in the headline Nifty50 index emerging at 20,850-20,950 levels and a blue-sky zone above 21,050 on Tuesday, December 12. For the Nifty Bank, he expects strong support at 47,000-47,200 levels and a strong buy zone at 46,750-46,850 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Positive
- DII: Negative
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
Singhvi expects a higher zone for the Nifty Bank coming in at 47,500-47,575 levels and a blue-sky zone above 47,600.
ANIL SINGHVI MARKET STRATEGY
- FII index longs at 57 per cent vs 58 per cent the previous day
- Nifty put-call ratio (PCR) at 1.14 vs 1.20
- Nifty Bank PCR at 1.03 vs 1.25
- Volatility index India VIX up 2.5 per cent at 12.76
The market wizard suggests a 'buy on every dip' strategy on Dalal Street for the day, with the market ready to scale new heights amid strong global cues and mild FII inflows.
He expects strong buying to emerge in midcap and smallcap segments.
stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.