Anil Singhvi Market Strategy December 2: 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 views on key support and resistance levels for the Nifty and the Nifty Bank, and what he makes of the market now.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,925-24,000 levels and a strong buy zone at 23,775-23,875 levels for the headline Nifty50 index on Monday, December 2. For the Nifty Bank, he expects support at 51,575-51,750 levels and a strong support zone at 51,300-51,475 levels.
The market wizard expects a higher zone for the headline index at 24,175-24,275 levels and a strong sell zone at 24,350-24,500 levels. For the banking index, he sees a higher zone at 52,175-52,325 levels and a strong sell zone at 52,550-52,750 levels.
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How market guru Anil Singhvi sums up the trade setup
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
FII long positions unchanged at 33 per cent as before the previous session
Nifty put-call ratio (PCR) at 1.08 vs 0.95
Nifty Bank PCR at 0.85 vs 0.86
Volatility index India VIX down five per cent at 14.43
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday stop loss at 24,000 and closing stop loss at 23,900
Nifty Bank intraday and closing stop loss at 51,750
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday stop loss at 24,350 and closing stop loss at 24,275
Nifty Bank intraday and closing stop loss at 52,350
Anil Singhvi Market Strategy | For new positions in Nifty50
The best range to buy Nifty is 23,875-24,000 with a stop loss at 23,750 for targets of 24,125, 24,175, 24,200, 24,225, 24,275 and 24,350, and aggressive traders can sell Nifty at 24,200 and 24,350 levels with a strict stop loss at 24,500 for targets of 24,175, 24,125, 24,000, 23,950, 23,900 and 23,875, according to the market guru.
Anil Singhvi Market Strategy | For new positions in Nifty Bank
The market wizard points out that the best range to buy Nifty Bank is 51,300-51,500 with a stop loss at 51,150 for targets of 51,650, 51,750, 51,900, 52,000, 52,075 and 52,175, and aggressive traders can sell Nifty Bank in the 52,300-52,550 range with a strict stop loss at 52,750 for targets of 52,100, 52,000, 51,925, 51,775, 51,675 and 51,575.
No Stock in F&O Ban
No stock is in the futures & options ban list on Monday.