Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,340-19,385 levels and a strong buy zone at 19,225-19,300 levels on Thursday, October 5. For the Nifty Bank, he expects a strong buy zone at 43,600-43,850 levels.

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

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

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Singhvi sees a higher zone in the 50-scrip index at 19,485-19,550  levels and a strong sell zone at 19,600-196,75 levels. He pegs a higher zone in the banking index at 44,150-44,250 levels and a strong sell zone at 44,300-44,525 levels. 

ANIL SINGHVI MARKET STRATEGY  

Singhvi points out that the market finds important support at the August 31 lows and that Thursday's session is going to be a significant one amid persistently heavy selling by FIIs, though participants can expect some support from easing crude oil prices and a recovery in global equities. 

He expects strong support for the Nifty and the Nifty Bank to emerge at 19,225-19,350 and 43,600-43,800 levels, but warns that the trend may change if the indices give up the 19,250 and 43,600 levels on a closing basis, respectively. Investors may put 25-33 per cent of their funds in the support range, Singhvi adds. 

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