Anil Singhvi Market Strategy November 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 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 23,775-23,850 levels and a stronger support zone at 23,550-23,675 levels for the headline Nifty50 index on Friday, November 29. For the Nifty Bank, he expects support at 51,475-51,675 levels and a strong buy zone at 51,175-51,350 levels.
The market wizard sees a higher zone for the headline index at 24,000-24,125 levels and a strong sell zone at 24,150-24,275 levels.
For the banking index, he sees a higher zone at 52,100-52,300 levels and a profit-booking zone at 52,450-52,550 levels.
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How Anil Singhvi sums up the market setup
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Global: Neutral
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FII: Negative
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DII: Positive
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F&O: Neutral
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Sentiment: Cautious
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Trend: Neutral
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FII long positions at 33 per cent vs 35 per cent a day ago
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Nifty put-call ratio (PCR) at 0.83 vs 1.12
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Nifty Bank PCR at 1.12 vs 1.06
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Volatility index India VIX up four per cent at 15.21
Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Cautious
Trend: Neutral
FII long positions at 33 per cent vs 35 per cent a day ago
Nifty put-call ratio (PCR) at 0.83 vs 1.12
Nifty Bank PCR at 1.12 vs 1.06
Volatility index India VIX up four per cent at 15.21
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday and closing stop loss at 23,850
Nifty Bank intraday and closing stop loss at 51,750
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday stop loss at 24,150 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
Aggressive traders can buy Nifty in the 23,675-23,800 range with a strict stop loss at 23,550 for targets of 23,875, 23,925, 24,000, 24,125, 24,150 and 24,200
Exit all longs and create fresh short positions if the index closes below 23,850
The best range to sell Nifty is 24,125-24,225 with a strict stop loss at 24,350 for targets of 24,000, 23,925, 23,875, 23,800, 23,775 and 23,675
Anil Singhvi Market Strategy | For new positions in Nifty Bank
The best range to buy Nifty Bank is 51,475-51,675 with a stop loss at 51,300 for targets of 51,775, 51,900, 5,2000, 52,100, 52,175 and 52,300
Exit all longs and create fresh short positions if the index closes below 51,750
Aggressive traders sell Nifty Bank in the 52,175-52,325 range with a strict stop loss at 52,550 for targets of 52,025, 51,925, 51,800, 51,675, 51,575 and 51,500
Cut all shorts and create fresh long positions if the index closes above 52,500
No Stock in F&O Ban
No stock is in the futures & options ban list on Friday.