Anil Singhvi Market Strategy November 7: 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 astatine 24,300-24,400 levels and a stronger enactment portion astatine 24,175-24,275 levels on Thursday, November 7. For the Nifty Bank, helium expects enactment at 51,825-52,000 levels and a stronger enactment portion astatine 50,575-51,775 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: Neutral

• Trend: Neutral

• FII agelong positions astatine 26 per cent vs 27 per cent earlier the erstwhile session

• Nifty put-call ratio (PCR) astatine 0.97 vs 0.94

• Nifty Bank PCR astatine 0.92 vs 1.04

• Volatility scale India VIX down 8 per cent astatine 14.87

The marketplace wizard sees a higher portion for the header scale at 24,525-24,600 levels and a profit-booking portion astatine 24,575-24,700 levels.

For the banking index, helium sees a higher portion astatine 52,475-52,575 levels and a profit-booking portion astatine 52,750-52,925 levels.

MARKET STRATEGY

For existing agelong positions:

• Nifty Intraday SL 24300 n Closing SL 24200

• Bank Nifty Intraday SL 52000 n Closing SL 51800​

For existing abbreviated positions:

• Nifty Intraday n Closing SL 24550

• Bank Nifty Intraday n Closing SL 52600

For caller positions successful Nifty50:

• Best scope to Buy Nifty is 24200-24340:
  SL 24075 Tgt 24400, 24435, 24465, 24500, 24525, 24600

• Aggressive Traders Sell Nifty successful 24465-24525 range:
  Strict SL 24575 Tgt 24400, 24340, 24300, 24225, 24200, 24135

For caller positions successful Nifty Bank:

• Best scope to Buy Bank Nifty is 51675-51825:
  SL 51475 Tgt 52000, 52100, 52200, 52325, 52475, 52575

• Aggressive Traders Sell Bank Nifty 52475-52575 range:
  Strict SL 52650 Tgt 52325, 52200, 52100, 52000, 51825, 51675

No stocks successful F&O ban​

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