Anil Singhvi Market Strategy January 23: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment to look at 22,975-23,075 levels and a beardown bargain portion astatine 22,750-22,900 levels for the header Nifty50 scale connected Thursday, January 23. For the Nifty Bank, helium expects enactment astatine 48,300-48,525 levels and a beardown bargain portion astatine 48,075-48,225 levels.  

Here's however the marketplace guru sums up the commercialized setup this morning: 

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Negative

• FII agelong positions astatine 18 per cent vs 17 per cent earlier Wednesday's session

• Nifty put-call ratio (PCR) astatine 0.88 vs 0.77

• Nifty Bank PCR astatine 0.57 vs 0.56

• Volatility scale India VIX down 1.5 per cent astatine 16.77

The marketplace wizard sees a higher portion at 23,200-23,265 levels and a beardown merchantability portion astatine 23,300-23,425 levels for the header index.  

For the banking index, helium sees a higher portion at 49,000-49,250 levels and a beardown merchantability portion astatine 49,350-49,550 levels.  

ANIL SINGHVI MARKET STRATEGY

For existing agelong positions:

• Nifty intraday and closing halt nonaccomplishment astatine 22,950
• Nifty Bank intraday halt nonaccomplishment astatine 48,450 and closing halt nonaccomplishment astatine 48,000

For existing abbreviated positions:

• Nifty intraday halt nonaccomplishment astatine 23,200 and closing halt nonaccomplishment astatine 23,350
• Nifty Bank intraday halt nonaccomplishment astatine 49,075 and closing halt nonaccomplishment astatine 49,350

For caller positions successful Nifty50:

• The champion scope to bargain Nifty is 22,975-23,100 with a halt nonaccomplishment astatine 22,900 for targets of 23,150, 23,200, 23,265, 23,300, 23,350 and 23,400

• The champion scope to merchantability Nifty is 23,265-23,400 with a halt nonaccomplishment astatine 23,500 for targets of 23,200, 23,150, 23,100, 23,050, 23,025 and 22,975

For caller positions successful Nifty Bank:

• The champion scope to bargain Nifty Bank is 48,075-48,300 with a stop nonaccomplishment astatine 47,800 for targets of 48,425, 48,550, 48,575, 48,675, 48,725 and 48,775

• Aggressive traders tin bargain Nifty Bank with a strict halt nonaccomplishment astatine 48,450 for targets of 49,000, 49,075, 49,225, 49,350, 49,450 and 49,550

• The champion scope to merchantability Nifty Bank is 49,225-49,550 with a halt nonaccomplishment astatine 49,650 for targets of 49,075, 49,000, 48,775, 48,675, 48,575 and 48,425

• Aggressive traders tin merchantability Nifty Bank successful the 49,000-49,250 scope with a strict halt nonaccomplishment astatine 49,500 for targets of 48,775, 48,675, 48,575, 48,425, 48,300 and 48,225

Stocks successful F&O ban ​

• New successful ban: IndiaMART, PNB
• Out of ban: Kalyan Jewellers, Angel One
• Already successful ban: Dixon Tech, MGL, Can Fin Homes, AB Fashion, Manappuram, L&T Finance, Bandhan Bank, RBL Bank

Results Reviews

Coforge 

Buy Coforge Futures:
stop nonaccomplishment astatine 8150 for targets of 8370, 8460, 8720
Strong results connected each parameters

Persistent Systems

Buy Persistent Sys Futures:
stop nonaccomplishment astatine 5600 for targets of 5780, 5840
Results amended than expectation

Pidilite 

Buy Pidilite Ind Futures:
stop nonaccomplishment astatine 2650 for targets of 2810, 2850
Good results. Strong measurement growth

HUL 

HUL Futures:
Subdued performance
Weak commentary
No measurement good
Results looking lone due to the fact that of terms growth
Support Level 2300, Higher Levels 2385 & 2400

HDFC Bank 

HDFC Bank Futures:
Form is impermanent Class is permanent
The champion plus quality
Buy connected dips portfolio stock. 1580-1625 beardown bargain zone

Stocks of the Day

Buy Colgate Futures:
stop nonaccomplishment astatine 2730 for targets of 2800, 2820, 2840
Strong study by BofA

Buy United Spirits Futures:
stop nonaccomplishment astatine 1440 for targets of 1477, 1490, 1510
Strong study by BofA

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