Anil Singhvi strategy October 27: Important levels to track in Nifty, 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 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
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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