Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 22,825-22,925 levels and a strong buy zone at 22,700-22,800 levels on Tuesday, April 15, as market participants return to trade after a long weekend. For the Nifty Bank, Singhvi expects support at 50,800-51,000 levels and a strong buy zone at 50,625-50,750 levels. Read on to learn about the market wizard’s views for the day.
How market guru Anil Singhvi sums up trade setup this morning:
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Global: Positive
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FII: Neutral
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DII: Positive
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F&O: Neutral
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Sentiment: Neutral
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Trend: Neutral
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FII long positions at 25 per cent vs 22 per cent before Friday’s session
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Nifty put-call ratio (PCR) at 0.96 vs 0.93
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Nifty Bank PCR at 0.89 vs 0.78
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Volatility index India VIX down 6 per cent at 20.11
The market wizard sees a higher zone at 22,700-22,850 levels and a strong sell zone at 23,000-23,150 levels for the headline index. For the banking index, he expects a higher zone at 50,500-50,675 levels and a profit-booking zone at 50,750-50,900 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank & Nifty50 today?
For existing long positions:
For existing short positions:
For new positions in Nifty50:
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Buy Nifty: SL 22800 Tgt 23075, 23150, 23200, 23250, 23300, 23350
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Aggressive Traders Sell Nifty in 23350-23450 range: Strict SL 23575 Tgt 23300, 23250, 23200, 23150, 23075, 23000
For new positions in Nifty Bank:
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Buy Bank Nifty SL 50850 Tgt 51350, 51500, 51575, 51650, 51825, 51875
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Aggressive Traders Sell Bank Nifty in 51800-52000 range: Strict SL 52100 Tgt 51650, 51575, 51500, 51350, 51250, 51050
F&O Ban Update
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New in ban: None
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Already in ban: NALCO, Manappuram Finance, Birlasoft, Hindustan Copper
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Out of ban: None
ANIL SINGHVI SHARES ‘STOCKS OF THE DAY’: TATA MOTORS, SONA COMSTAR, SAMVADRHANA MOTHERSON
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