Anil Singhvi strategy October 25: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,225-19,285 levels and a strong buy zone at 18,975-19,025 levels on Wednesday, October 25, as Dalal Street returned to trade after a holiday. For the Nifty Bank, he expects support at 42,875-43,025 levels and a strong buy zone at 42,600-42,750 levels.

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

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Positive

• Sentiment: Negative

• Trend: Neutral

Singhvi expects a higher zone for the Nifty50 at 19,340-19,385 levels and a strong sell zone at 19,435-19,485 levels. For the banking index, he sees a higher zone coming in at 43,500-43,600 levels and a strong sell zone at 43,725-43,875 levels.  

ANIL SINGHVI MARKET STRATEGY

• FII index long positions unchanged at 26 per cent as the previous day
• Nifty put-call ratio (PCR) at 0.70 vs 0.90
• Nifty Bank PCR light at 0.51 vs 0.73
• Fear index India VIX up one per cent at 10.91

For existing long positions:

• Nifty intraday and closing stop loss at 19,200

• Nifty Bank intraday and closing stop loss at 42,900

For existing short positions:

• Nifty intraday and closing stop loss at 19,550

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

For new positions in Nifty:

• Buy Nifty with a stop loss at 19,200 for targets of 19,340, 19,365, 19,385, 19,435, 19,465 and 19,485

• The best range to sell Nifty is 19,435-19,515 with a stop loss at 19,600 for targets of 19,400, 19,365, 19,340, 19,300, 19,285 and 19,265

For new positions in Nifty Bank:

• Buy Nifty Bank with a stop loss at 42,900 for targets of 43,275, 43,350, 43,475, 43,550, 43,600 and 43,700

• Aggressive traders can sell Nifty Bank in the 43,550-43,850 range with a strict stop loss at 44,000 for targets of 43,475, 43,350, 43,275, 43,225, 43,150 and 43,050

Stocks in ban:

• New in ban: RBL Bank
• Out of ban: Indiabulls Housing Finance
• Already in ban: None

Results review:

Torrent Pharma 

• Results in line with estimates 
• Management commentary positive
• Deal with Cipla a big trigger 
• Stock futures have support at Rs 1,850 and Rs 1,870; higher levels at Rs 1,890, Rs 1,905 and Rs 1,920

Stock of the day: 

Buy RBL Bank futures with a stop loss at Rs 227 for targets of Rs 235, Rs 238 and Rs 240

• Stock fell five per cent on Monday
• Near important support level, short covering expected

Buy Godawari Power with a stop loss at Rs 588 for targets of Rs 605, Rs 615 and Rs 630

• Stock fell five per cent on Monday
• Board to meet on November 3 to discuss stock split

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