Anil Singhvi Market Strategy October 29: 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. Learn more about 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 24,125-24,200 levels and a strong buy zone at 23,900-24,075 levels on Tuesday, October 29.
For the Nifty Bank, he expects support at 50,800-51,000 levels and a buy zone at 50,200-50,400 levels.
The market wizard sees a higher zone for the headline index at 24,400-24,500 levels and a strong sell zone at 24,575-24,675 levels.
For the banking index, he sees a higher zone at 51,525-51,700 levels and a strong sell zone at 51,775-51,975 levels.
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Anil Singhvi Market Strategy | Here is how the market guru sums up the market setup today
Global: Positive
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
FII long positions at 40 per cent vs 37 per cent before the previous session
Nifty put-call ratio (PCR) at 0.96 vs 0.87
Nifty Bank PCR at 0.78 vs 0.66
Volatility index India VIX down 2 per cent at 14.29
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday stop loss at 24,125 and closing stop loss at 24,050
Nifty Bank intraday and closing stop loss at 50,900
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday and closing stop loss at 24,500
Nifty Bank intraday and closing stop loss at 51,600
Anil Singhvi Market Strategy | For new positions in Nifty 50
The best range to buy Nifty is 24,075-24,200 with a stop loss at 24,000 for targets of 24,335, 24,375, 24,400, 24,450, 24,475, 24,500 and 24,575
Aggressive traders can sell Nifty in the 24,475-24,575 range with a strict stop loss at 24,675 for targets of 24,400, 24,375, 24,350, 24,200, 24,150 and 24,075
Anil Singhvi Market Strategy | For new positions in Nifty Bank
The best range to buy Nifty Bank is 50,800-51,000 with a stop loss at 50,700 for targets of 51,200, 51,250, 51,475, 51,575, 51,700 and 51,775
Aggressive traders can sell Nifty Bank in the 51,575-51,775 range with a strict stop loss at 51,975 for targets of 51,600, 51,525, 51,275, 51,200, 51,100 and 51,000
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