Anil Singhvi Market Strategy September 27: 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 26,000-26,050 levels and a strong buy zone at 25,875-25,950 levels on Friday, September 27. For the Nifty Bank, he expects support at 54,100-54,250 levels followed by a strong buy zone at 53,800-54,000 levels.
The market wizard sees a higher zone for the headline index at 26,250-26,300 levels and a "blue-sky zone" above the 26,300 mark with the next target near 26,500.
For the banking index, he sees a higher zone at 54,450-54,550 levels and a blue-sky zone above 54,550 with the next target near 56,000.
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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 80 per cent vs 75 per cent the previous day
Nifty put-call ratio (PCR) at 1.37 vs 1.33
Nifty Bank PCR at 1.06 vs 0.94
Volatility index India VIX down six per cent at 12.00
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday and closing stop loss at 25,925
Nifty Bank intraday and closing stop loss at 53,950
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday stop loss at 26,325 and closing stop loss at 26,250
Nifty Bank intraday stop loss at 54,550 and closing stop loss at 54,400
Anil Singhvi Market Strategy | For new positions in Nifty50
Aggressive traders can buy Nifty with a strict stop loss at 26,150 for targets of 26,250 and 26,300; one may hold on to their long positions above 26,325 with a trailing stop loss
No signal to short Nifty for now; however, aggressive traders can sell with a strict stop loss at 26,050 if it breaks below 25,925
Anil Singhvi Market Strategy | For new positions in Nifty Bank
The best range to buy Nifty Bank is 54,000-54,150 with a stop loss at 53,800 for targets of 54,250, 54,375, 54,450 and 54,500; one may hold their long positions above 54,550 with a trailing stop loss
No signal to short Nifty Bank for now; however, aggressive traders can sell Nifty Bank with a strict stop loss at 54,125 if it breaks below 53,900
