Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 18,750-18,835 levels and a strong buy zone at 18,650-18,715 levels on Friday, October 27. For the Nifty Bank, he expects support at 42,000-42,125 levels and a strong base at 41,625-41,800 levels.

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

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

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Singhvi expects a higher zone for the Nifty50 at 18,890-18,975 levels and a profit-booking zone at 19,025-19,125 levels. For the banking index, he sees a higher zone coming in at 42,700-42,825 levels and a strong sell zone at 42,950-43,150 levels.  

ANIL SINGHVI MARKET STRATEGY

Singhvi points out that there are signs of some stability in the domestic market as Dalal Street enters a new monthly derivatives series amid mixed global cues, positive macroeconomic readings from the US, and easing crude oil prices. He suggests entering the new F&O series with light positions. 

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