Anil Singhvi Market Strategy November 8: 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 24,000-24,140 levels and a beardown bargain portion astatine 23,800-23,850 levels on Friday, November 8. For the Nifty Bank, helium expects enactment at 51,475-51,675 levels and a beardown bargain portion astatine 51,100-51,250 levels.

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

• FII agelong positions astatine 25 per cent vs 26 per cent 

• Nifty put-call ratio (PCR) astatine 0.90 vs 0.97

• Nifty Bank PCR astatine 0.79 vs 0.92

• Volatility scale India VIX up 0.5 per cent astatine 14.94

The marketplace wizard sees a higher portion for the header scale at 24,275-24,375 levels and a beardown merchantability portion astatine 24,400-24,500 levels.

For the banking index, helium sees a higher portion astatine 52,200-52,350 levels and a profit-booking portion astatine 52,475-52,575 levels.

MARKET STRATEGY

For existing agelong positions:

• Nifty Intraday n Closing SL 23975

• Bank Nifty Intraday n Closing SL 51675​

For existing abbreviated positions:

• Nifty Intraday n Closing SL 24500

• Bank Nifty Intraday n Closing SL 52225

For caller positions successful Nifty50:

• Best scope to Sell Nifty is 24300-24400 range: SL 24500 Tgt 24200, 24175, 24135, 24075, 24000, 23850

• Best scope to Buy Nifty is 23850-24000: SL 23750 Tgt 24075, 24135, 24175, 24200, 24275, 24300

For caller positions successful Nifty Bank:

• Aggressive Traders Sell Bank Nifty successful 52325-52475 range: Strict SL 52600 Tgt 52200, 52000, 51925, 51825, 51750, 51675

• Aggressive Traders Buy Bank Nifty successful 51500-51675 range: Strict SL 51350 Tgt 51750, 51900, 52000, 52175, 52325, 52475

Stocks successful F&O ban​

• New successful ban: Granules, AB Fashion
• Out of ban: None
• Already successful ban: None

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