Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment for the header Nifty50 index to look astatine 23,300-23,400 levels and a beardown bargain portion astatine 23,000-23,200 levels on Thursday, November 14. For the Nifty Bank, helium expects enactment at 49,650-49,750 levels and a stronger enactment portion astatine 49,075-49,275 levels.
Here's however the marketplace guru sums up the commercialized setup this morning:
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Global: Neutral
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FII: Neutral
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DII: Positive
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F&O: Neutral
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Sentiment: Negative
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Trend: Negative
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FII agelong positions astatine 22 per cent vs 24 per cent earlier Wednesday's session
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Nifty put-call ratio (PCR) astatine 0.70 vs 0.72
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Nifty Bank PCR astatine 1.12 vs 0.59
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India VIX up 6 per cent astatine 15.44
The marketplace wizard sees a higher portion for the header scale at 23,750-23,850 levels and a beardown merchantability portion astatine 23,875-24,000 levels.
For the banking index, helium sees a higher portion astatine 50,375-50,575 levels and a beardown merchantability portion astatine 50,800-51,000 levels.
ALSO READ: Goodbye, Bank Nifty play options!
MARKET STRATEGY
For existing agelong positions:
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Nifty Intraday n Closing SL 23475
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Bank Nifty Intraday n Closing SL 49750
For existing abbreviated positions:
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Nifty Intraday SL 23750 n Closing SL 23900
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Bank Nifty Intraday SL 50600 n Closing SL 51200
For caller positions successful Nifty50:
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Best scope to Sell Nifty is 23750-23875: SL 24000 Tgt 23650, 23575, 23500, 23400, 23200, 23100
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Aggressive Traders Buy Nifty successful 23100-23300 range: Strict SL 22900 Tgt 23500, 23550, 23650, 23750, 23800, 23875
For caller positions successful Nifty Bank:
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Best scope to Sell Bank Nifty is 50800-51000: SL 51200 Tgt 50575, 50375, 50200, 50100, 50000, 49900, 49750
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Aggressive Traders Buy Bank Nifty successful 49650-49750 range: Strict SL 49500 Tgt 49900, 50075, 50200, 50375, 50500, 50800
Stocks successful F&O ban
- New successful ban: GNFC
- Out of ban: AB Fashion
- Already successful ban: Hindustan Copper, Aarti Industries, Granules India, Manappuram Finance
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