Anil Singhvi Market Strategy November 19: 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 23,275-23,350 levels and a strong buy zone at 23,100-23,225 levels on Tuesday, November 19.
For the Nifty Bank, he expects support at 49,950-50,075 levels and a stronger support zone at 49,650-49,750 levels.
The market wizard sees a higher zone for the headline index at 23,500-23,600 levels and a strong sell zone at 23,675-23,800 levels.
For the banking index, he sees a higher zone at 50,575-50,800 levels and a strong sell zone at 51,000-51,175 levels.
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How Anil Singhvi sums up the market setup
Global: Neutral
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Negative
Trend: Negative
FII long positions at 24 per cent vs 23 per cent before the previous session
Nifty put-call ratio (PCR) at 0.85 vs 0.88
Nifty Bank PCR unchanged at 0.95
India VIX up three per cent at 15.26
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday and closing stop loss at 23,325
Nifty Bank intraday and closing stop loss at 49,900
Image: PTI
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday and closing stop loss at 23,625
Nifty Bank intraday and closing stop loss at 50,600
Image: PTI
Anil Singhvi Market Strategy | For new positions in Nifty50
The best range to sell Nifty is 23,600-23,675 with a stop loss at 23,800 for targets of 23,550, 23,500, 23,450, 23,350, 23,300 and 23,265
Aggressive traders can buy Nifty in the 23,225-23,350 range with a strict stop loss at 23,100 for targets of 23,450, 23,500, 23,550, 23,600, 23,675 and 23,750
Image: Freepik
Anil Singhvi Market Strategy | For new positions in Nifty Bank
The best range to buy Nifty Bank is 49,950-50,075 with a stop loss at 49,850 for targets of 50,175, 50,350, 50,450, 50,550, 50,875 and 51,000
The best range to sell Nifty Bank is 50,800-51,000 with a stop loss at 51,200 for targets of 50,575, 50,450, 50,375, 50,200, 50,100 and 49,950
Image: Pexels
Stocks in F&O Ban
Already in ban: GNFC, Aarti Industries, Hindustan Copper, AB Fashion, Granules India
New in ban: None
Out of ban: None
Image: PTI
Image: Pexels