Anil Singhvi Market Strategy October 10: 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 at 24,850-24,950 levels and a beardown bargain portion at 24,700-24,800 levels connected Thursday, October 10. 

For the Nifty Bank, helium expects enactment at 50,700-50,900 levels and a beardown bargain portion astatine 50,375-50,575 levels.

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 overmuch little astatine 38 per cent vs 43 per cent a time ago

• Nifty PCR astatine 0.72 vs 0.74

• Nifty Bank PCR astatine 0.91 vs 0.70

• India VIX down 3 per cent astatine 14.12

The marketplace wizard sees a higher portion for the header scale at 25,135-25,235 levels and a profit-booking portion astatine 25,300-25,375 levels. 

For the banking index, helium sees a higher portion astatine 51,350-51,475 levels and a profit-booking portion astatine 51,675-51,850 levels. 

MARKET STRATEGY 

For existing agelong positions:

• Nifty Intraday SL 24900 n Closing SL 24775

• Bank Nifty Intraday SL 50850 n Closing SL 50450

For existing abbreviated positions:

• Nifty Intraday SL 25150 n Closing SL 25250
• Bank Nifty Intraday SL 51200 n Closing SL 51500

For caller positions successful Nifty50:

• Buy Nifty:
  SL 24900 Tgt 25050, 25130, 25230, 25300, 25335, 25375

• Aggressive Traders Sell Nifty successful 25130-25230 range:
  Strict SL 25300 Tgt 25050, 25000, 24950, 24925, 24850, 24800

For caller positions successful Nifty Bank: 

• Best scope to Buy Bank Nifty is 50375-50575:
  SL 50300 Tgt 50700, 50900, 51000, 51175, 51350

• Aggressive Traders Buy Bank Nifty:
  Strict SL 50800 Tgt 51175, 51350, 51475, 51675, 51775, 51850

• Aggressive Traders Sell Bank Nifty successful 51475-51675 range:
  Strict SL 51900 Tgt 51350, 51175, 51025, 50900, 50700, 50475