Anil Singhvi Market Strategy November 28: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment to look at 24,125-24,200 levels and a beardown bargain portion astatine 23,900-23,950 for the header Nifty50 scale connected Thursday, November 28. For the Nifty Bank, helium expects enactment astatine 51,875-52,000 levels and a stronger enactment portion astatine 51,575-51,775 levels.

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

• Global: Neutral

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII agelong positions unchanged astatine 35 per cent arsenic the erstwhile day

• Nifty put-call ratio (PCR) astatine 1.12 vs 1.04

• Nifty Bank PCR astatine 1.06 vs 1.20

• India VIX down 4.5 per cent astatine 14.63

The marketplace wizard sees a higher portion for the header scale at 24,350-24,400 levels and a profit-booking portion astatine 24,425-24,525 levels.

For the banking index, helium sees a higher portion astatine 52,450-52,550 levels and a profit-booking portion astatine 52,750-52,950 levels.

ANIL SINGHVI MARKET STRATEGY

For existing agelong positions:

• Nifty intraday and closing halt nonaccomplishment astatine 24,100
• Nifty Bank intraday and closing halt nonaccomplishment astatine 51,950

For existing abbreviated positions:

• Nifty intraday halt nonaccomplishment astatine 24,400 and closing halt nonaccomplishment astatine 24,500
• Nifty Bank intraday and closing halt nonaccomplishment astatine 52,550

For caller positions successful Nifty50:

• The champion scope to bargain Nifty is 24,000-24,150 with a halt nonaccomplishment astatine 23,900 for targets of 24,200, 24,275, 24,350, 24,400, 24,435, 24,465 and 24,500

• Exit each longs and make caller abbreviated positions it closes beneath 23,900 

• Aggressive traders tin merchantability Nifty successful the 24,400-24,500 scope with a strict halt nonaccomplishment astatine 24,550 for targets of 24,350, 24,300, 24,275, 24,225, 24,200, 24,150 and 24,125

• Cut each shorts and make caller agelong positions if it closes supra 24,550  

For caller positions successful Nifty Bank:

• The champion scope to bargain Nifty Bank is 51,800-52,000 with a halt nonaccomplishment astatine 51,700 for targets of 52,075, 52,200, 52,300, 52,450, 52,500 and 52,550

• Aggressive traders tin bargain Nifty Bank with a strict halt nonaccomplishment astatine 51,950 for targets of 52,450, 52,550, 52,675, 52,750, 52,825 and 52,950

• Aggressive traders tin merchantability Nifty Bank near 52,500 with a strict halt nonaccomplishment astatine 52,600 for targets of 52,325, 52,200, 52,100, 52,000, 51,875 and 51,800

• Cut each shorts and make caller agelong positions if it closes supra 52,550  

No banal successful F&O ban ​

Stock of the Day

Buy Ola Electric shares for a medium-term people of Rs 100-110

• The banal deed the 20 per cent precocious circuit connected Wednesday 
• Keep a 'buy connected dips' strategy

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