Anil Singhvi strategy November 30: 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 emerging at 19,950-20,000 levels and a strong buy zone at 19,800-19,875 levels on Thursday, November 30. For the Nifty Bank, he expects support to come in at 44,200-44,425 levels and a strong buy zone at 43,950-44,075 levels.

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

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Cautious

• Sentiment: Positive

• Trend: Positive

Singhvi expects a higher zone for the Nifty50 at 20,165-20,225 levels and a blue sky zone above that band. For the banking index, he sees a higher zone emerging at 44,750-44,875 levels and a profit-booking zone at 44,950-45,075 levels.

ANIL SINGHVI MARKET STRATEGY 

The market wizard suggests adopting a 'buy on dips' strategy for the day amid strong FII inflows and positive signals from global markets. He points out that there is a strong trend on Dalal Street on the F&O expiry day but warns that some profit-taking may occur at higher levels. 

Singhvi expects strong support for the Nifty50 and the Nifty Bank at 19,875-19,950 and 44,000-44,200 levels, and a blue sky zone beyond 20,225 and a higher range at 45,000-45,200, respectively. 

He will chalk out a strategy on Friday for the upcoming results of Assembly elections in five states: Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram.

• FII index longs at 29 per cent vs 24 per cent the previous day

• Nifty put-call ratio (PCR) near an overbought level at 1.47 vs 1.22

• Nifty Bank PCR near an overbought level at 1.54 vs 1.15

• Volatility index India VIX up 4.5 per cent at 12.71

For existing long positions:

• Nifty intraday and closing stop loss at 19,900

• Nifty Bank intraday stop loss at 44,400 and closing stop loss at 44,200

For existing short positions:

• Nifty intraday and closing stop loss at 20,225

• Nifty Bank intraday and closing stop loss at 44,675

For new positions in Nifty:

• Buy Nifty with a stop loss at 19,950 for targets of 20,125, 20,165, 20,190, 20,225, and a blue-sky zone above 20,225 

• Aggressive traders can sell Nifty in the 20,165-20,225 range with a strict stop loss at 20,300 for targets of 20,125, 20,100, 20,075, 20,050, 20,000 and 19,950

For new positions in Nifty Bank:

• The best levels to buy Nifty Bank at 44,200 and 44,425 with a stop loss at 44,000 for targets of 44,500, 44,575, 44,625, 44,675 and 44,750

• Aggressive traders can buy with a stop loss at 44,375 for targets of 44,675, 44,750, 44,825, 44,875, 44,950, 45,000 and 45,075

• Sell Nifty Bank in the 44,950-45,075 range with a stop loss at 45,150 for targets of 44,825, 44,750, 44,675, 44,625, 44,575, 44,500 and 44,425

F&O ban update

• New in ban: Hindustan Copper, Manappuram

• Already in ban: None

• Out of ban: Balrampur Chini, BHEL, Granules India, Indiabulls Housing Finance

Stocks of the day:

Buy PCBL shares with a stop loss at Rs 260 for targets of Rs 271, Rs 274 and Rs 278

• JV with Kinaltek to manufacture nano silicon-based products
• Company likely to benefit in the battery application market

Buy Metro Brands shares with a stop loss at Rs 1,300 for targets of Rs 1,344, Rs 1,358 and Rs 1,375

• Company signs a trademark licence pact with Foot Locker Retail

Listing expectations: 

Tata Technologies

Singhvi, who earlier recommended applying for the Tata Technologies IPO for a big listing gain and for the long term, expects a bumper listing of the stock around the Rs 900-950 range against the issue price of Rs 500. He suggests short-term investors keep a stop loss at Rs 875 and long-term investors must keep the stock for 2-3 years. 

Gandhar Oil

The market expert expects a strong listing for Gandhar Oil shares at Rs 230-245 against the issue price of Rs 169. 

Singhvi, who earlier recommended subscribing to the IPO for a good listing gain and for the long term, suggests short-term investors keep a stop loss at Rs 220 and long-term investors hold the stock. 

Fedbank Financial

Singhvi, who earlier suggested applying for the Fedbank Financial IPO from a long-term perspective, expects the stock to list on a lacklustre note around the issue price of Rs 140. 

He recommends long-term investors to hold the stock and short-term investors to place a stop loss at Rs 133.

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