Anil Singhvi Market Strategy August 14: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. 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 expects support for the headline Nifty50 index at 24,050-24,125 levels and a strong buy zone at 23,900-24,000 levels on Wednesday, August 14. For the Nifty Bank, he expects support to come in at 49,650-49,725 levels and a strong buy zone at 49,350-49,500 levels.
He expects a higher zone for the headline index coming in at 24,200-24,300 levels and a profit-booking zone at 24,325-24,425 levels. For the banking index, he expects a higher zone at 50,000-50,150 levels and a strong sell zone at 50,275-50,475 levels.
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Here's how Anil Singhvi sums up the market setup
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Cautious
Trend: Neutral
FII long positions at 48 per cent vs 51 per cent the previous day
Nifty put-call ratio (PCR) at 0.78 vs 1.03
Nifty Bank PCR at 0.60 vs 0.99
India VIX up two per cent at 16.17
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday and closing stop loss at 23,975
Nifty Bank intraday and closing stop loss at 49,650
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday stop loss at 24,225 and closing stop loss at 24,375
Nifty Bank intraday stop loss at 50,100 and closing stop loss at 50,600
Anil Singhvi Market Strategy | For new positions in Nifty50
Buy Nifty with a stop loss at 23,975 for targets of 24,200, 24,300, 24,350, 24,375, 24,400 and 24,425
The best range to sell Nifty is 24,300-24,400 with a stop loss at 24,500 for targets of 24,215, 24,175, 24,125, 24,075, 24,050 and 24,000
Anil Singhvi Market Strategy | For new positions in Nifty Bank
Buy Nifty Bank with a stop loss at 49,650 for targets of 50,000, 50,075, 50,150, 50,275, 50,375 and 50,475
The best range to sell Nifty Bank is 50,275-50,475 with a stop loss at 50,600 for targets of 50,150, 50,100, 50,000, 49,900, 49,825 and 49,725
Stocks in F&O ban
New in ban: Aarti Industries, Chambal Fertilisers
Out of ban: Hindustan Copper
Already in ban: Sun TV, SAIL, Biocon, Granules, Bandhan Bank, PNB, AB Fashion, LIC Housing Finance, Manappuram Finance, AB Capital, IndiaMART, Birlasoft, RBL Bank, India Cements
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