Anil Singhvi Market Strategy October 11: 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 24,850-24,950 levels and a strong buy zone at 24,700-24,800 levels on Friday, October 11. For the Nifty Bank, he expects support at 51,175-51,350 levels and a strong buy zone at 50,900-51,050 levels.
The market wizard sees a higher zone for the headline index at 25,050-25,135 levels and a strong sell zone at 25,200-25,250 levels. For the banking index, he sees a higher zone at 51,675-51,850 levels and a strong sell zone at 52,075-52,275 levels.
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Anil Singhvi Market Strategy | Here is how the market guru sums up the market setup today
Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
FII long positions at 36 per cent vs 38 per cent a day ago
Nifty put-call ratio (PCR) at 0.93 vs 0.72
Nifty Bank PCR at 1.04 vs 0.91
India VIX down 4.5 per cent at 13.47
For existing long positions:
Nifty intraday and closing stop loss at 24,925
Nifty Bank intraday stop loss at 51,300 and closing stop loss at 51,000
For existing short positions:
Nifty intraday and closing stop loss at 25,150
Nifty Bank intraday and closing stop loss at 51,850
For existing short positions:
Nifty intraday and closing stop loss at 25,150
Nifty Bank intraday and closing stop loss at 51,850
For new positions in Nifty50:
The best range to buy Nifty is 24,800-24,950 with a stop loss at 24,700 for targets of 24,975, 25,000, 25,040, 25,135 and 25,225
Aggressive traders can sell Nifty in the 25,130-25,230 range with a strict stop loss at 25,300 for targets of 25,050, 25,010, 24,975, 24,950, 24,850 and 24,800
For new positions in Nifty Bank:
The best range to buy Nifty Bank is 51,050-51,175 with a stop loss at 50,900 for targets of 51,350, 51,450, 51,525, 51,650, 51,700 and 51,850
Aggressive traders can sell Nifty Bank in the 51,675-51,850 range with a strict stop loss at 52,000 for targets of 51,525, 51,475, 51,375, 51,175, 51,050 and 50,900
Stocks in F&O ban
New in ban: Chambal Fertilisers
Already in ban: Tata Chemicals, SAIL, IDFC First Bank, PNB, GNFC, Granules India, Manappuram Finance, Birlasoft, Hindustan Copper, RBL Bank, Bandhan Bank
Out of ban: None