Anil Singhvi strategy November 20: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index coming in at 19,625-19,675 levels and a strong buy zone at 19,500-19,575 levels on Monday, November 20. For the Nifty Bank, he expects support to emerge in the 43,275-43,425 band followed by a stronger base at 42,900-43,125 levels.

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

• Global: Neutral

• FII: Neutral

• DII: Negative

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

Singhvi expects a higher zone for the Nifty50 at Nifty 19,800-19,875 levels. For the banking index, he sees a higher zone emerging at 43,825-43,975 levels and a strong sell zone at 44,050-44,200 levels.

ANIL SINGHVI MARKET STRATEGY

The market wizard points out that there are mixed signals for Dalal Street from global markets, and DIIs as well as FIIs appear to be in a 'wait and watch' mood. 

He also says it is important for the Nifty Bank to end in the green on Monday, otherwise there will be risk of it sinking below the 43,000 mark. 

• FII index long positions at 21 per cent vs 23 per cent the previous day
• Nifty put-call ratio (PCR) at 1.02 vs 1.18
• Nifty Bank PCR at 0.64 vs 0.87
• Fear index India VIX up 1.5 per cent at 11.83

For existing long positions:

• Nifty intraday and closing stop loss at 19,575
  Nifty Bank intraday and closing stop loss at 43,300

For existing short positions:

• Nifty intraday and closing stop loss at 19,900

• Nifty Bank intraday and closing stop loss at 44,000

For new positions in Nifty:

• The best range to buy Nifty is 19,600-19,675 with a stop loss at 19,500 for targets of 19,700, 19,725, 19,800, 19,840 and 19,875

• The best range to sell Nifty is 19,800-19,875 with a stop loss at 19,950 for targets of 19,735, 19,700, 19,675, 19,650, 19,625 and 19,575

For new positions in Nifty Bank:

• The best range to sell Nifty Bank is 43,875-44,050 with a stop loss at 44,200 for targets of 43,800, 43,725, 43,675, 43,625 and 43,525

• Aggressive traders can sell Nifty Bank with a strict stop loss at 43,900 for targets of 43,500, 43,425, 43,350, 43,275, 43,125 and 43,050

• Aggressive traders can buy Nifty Bank in the 43,125-43,275 range with a strict stop loss at 43,000 for targets of 43,350, 43,425, 43,500, 43,575, 43,650 and 43,725

F&O ban update

• New in ban: RBL Bank

• Out of ban: SAIL

• Already in ban: Chambal Fertisers, India Cements, Manappuram Finance, MCX, Hindustan Copper, Delta Corp, Zee Entertainment Enterprises

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