Anil Singhvi Market Strategy August 27: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi's Strategy | Buy Nifty at 24,775-24,825, Nifty Bank at 50,700-50,850 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 to emerge at 24,875-24,950 levels and a strong buy zone at 24,775-24,825 levels on Tuesday, August 27. For the Nifty Bank, he expects support to come in at 50,925-51,050 levels and a buy zone at 50,700-50,850 levels.
He sees a higher zone for the headline index coming in at 25,050-25,125 levels and a "blue-sky zone" above the 25,125 mark. For the Nifty Bank, he expects a higher zone at 51,325-51,475 levels and a profit-booking zone at 51,575-51,650 levels.
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Here's how Anil Singhvi sums up the market setup
Global: Positive
FII: Positive
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Positive
FII long positions at 55 per cent vs 52 per cent the previous day
Nifty put-call ratio (PCR) at 1.31 vs 1.27
Nifty Bank PCR at 0.79 vs 0.86
India VIX up 1.8 per cent at 13.80
For existing long positions:
Nifty intraday and closing stop loss at 24,800
Nifty Bank intraday stop loss at 50,950 and closing stop loss at 50,800
Nifty intraday and closing stop loss at 24,800
Nifty Bank intraday stop loss at 50,950 and closing stop loss at 50,800
For existing short positions:
Nifty intraday stop loss at 25,125 and closing stop loss at 25,050
Nifty Bank intraday and closing stop loss at 51,350
For new positions in Nifty50:
The best range to buy Nifty is 24,850-24,950 with a stop loss at 24,750 for targets of 25,000, 25,040, 25,075; above 25,125, one may hold their long positions with a trailing stop loss
No fresh sell trigger in Nifty; for those who still want to sell, they may with a strict stop loss at 25,125
For new positions in Nifty Bank:
The best range to buy Nifty Bank is 50,800-50,950 with a stop loss at 50,700 for targets of 51,050, 51,150, 51,250, 51,325 and 51,475
Aggressive traders sell Nifty Bank in the 51,325-51,475 range with a strict stop loss at 51,650 for targets of 51,250, 51,150, 51,075, 51,000, 50,950 and 50,850
The best range to buy Nifty Bank is 50,800-50,950 with a stop loss at 50,700 for targets of 51,050, 51,150, 51,250, 51,325 and 51,475
Aggressive traders sell Nifty Bank in the 51,325-51,475 range with a strict stop loss at 51,650 for targets of 51,250, 51,150, 51,075, 51,000, 50,950 and 50,850
Stocks in F&O ban
New in ban: None
Already in ban: Birlasoft, Aarti Industries, AB Fashion, India Cements, Chambal Fertilisers, IEX, RBL Bank, Balrampur Chini
Out of ban: GNFC, Granules India, Hindustan Copper, NALCO, Sun TV
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