Anil Singhvi Market Strategy November 6: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment for the header Nifty50 index to look successful the 24,075-24,140 and 23,800-24,000 bands and a stronger enactment portion astatine 23,500-23,625 levels on Wednesday, November 6. For the Nifty Bank, helium expects enactment at 51,675-51,825 and 51,250-51,450 levels and a stronger enactment portion astatine 50,800-51,000 levels for the day.

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Cautious

• Trend: Neutral

• FII agelong positions astatine 27 per cent vs 24 per cent earlier the erstwhile session

• Nifty put-call ratio (PCR) astatine 0.94 vs 0.85

• Nifty Bank PCR astatine 1.04 vs 0.71

• Volatility scale India VIX down 3.5 per cent astatine 16.12

The marketplace wizard sees a higher portion for the header scale at 24,300-24,375 and 24,400-24,500 levels, and a profit-booking portion astatine 24,575-24,700 levels.

For the banking index, helium sees a higher portion astatine 52,350-52,575 and 52,675-52,825 levels, and a profit-booking portion astatine 52,925-53,225 levels.

MARKET STRATEGY

For existing agelong positions:

• Nifty intraday and closing halt nonaccomplishment astatine 23,975
• Nifty Bank intraday halt nonaccomplishment astatine 51,900 and closing halt nonaccomplishment astatine 51,675

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 52,350

For caller positions successful Nifty50:

• The champion scope to bargain Nifty is 23,850-24,000 with a halt nonaccomplishment at 23,775 for targets of 24,075, 24,140, 24,175, 24,200, 24,225 and 24,275

• Aggressive traders tin bargain Nifty with a strict halt nonaccomplishment astatine 24,000 for targets of 24,300, 24,340, 24,375, 24,400, 24,475 and 24,500

For caller positions successful Nifty Bank:

• The champion scope to bargain Nifty Bank is 51,475-51,675 with a halt nonaccomplishment astatine 51,200 for targets of 51,825, 51,900, 52,000, 52,100, 52,200 and 52,275

• Aggressive traders tin bargain Nifty Bank with a strict halt nonaccomplishment astatine 51,900 for targets of 52,325, 52,575, 52,675, 52,750, 52,825, 52,950 and 53,100

• The champion scope to merchantability Nifty Bank is 52,875-53,100 with a halt nonaccomplishment astatine 53,350 for targets of 52,575, 52,350, 52,200, 52,100, 52,000, 51,900 and 51,825

No stocks successful F&O ban​

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