Anil Singhvi Market Strategy October 22: 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 24,575-24,675 levels and a beardown bargain portion astatine 24,425-24,550 levels connected Tuesday, October 22. For the Nifty Bank, helium expects enactment at 51,700-51,850 levels and a stronger enactment portion astatine 51,475-51,575 levels.

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

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

• FII agelong positions astatine 33 per cent vs 34 per cent up of the erstwhile session

• Nifty put-call ratio (PCR) astatine 0.81 vs 0.93

• Nifty Bank PCR astatine 0.87 vs 1.20

• Volatility scale India VIX up 5.5 per cent astatine 13.76

The marketplace wizard sees a higher portion for the header scale at 24,850-24,950 levels and a beardown merchantability portion astatine 24,975-25,050 levels. For the banking index, helium sees a higher portion emerging astatine 52,200-52,350 and a profit-booking portion astatine 52,425-52,575 levels. 

MARKET STRATEGY

For Existing Long Positions:
Nifty Intraday n Closing SL 24650
Bank Nifty Intraday n Closing SL 51700

For Existing Short Positions:
Nifty Intraday n Closing SL 25050
Bank Nifty Intraday n Closing SL 52250

For New Positions:

Aggressive Traders Buy Nifty successful 24575-24675 range:
Strict SL 24475 Tgt 24775, 24800, 24850, 24900, 24950, 24975

Aggressive Traders Sell Nifty successful 24850-24975 range:
Strict SL 25075 Tgt 24800, 24775, 24750, 24700, 24675, 24575

For New Positions:

Best scope to Buy Bank Nifty is 51525-51700:
SL 51425 Tgt 51850, 51975, 52075, 52175, 52350, 52425, 52500

Best scope to Sell Bank Nifty is 52425-52575:
SL 52700 Tgt 52200, 52100, 52025, 51950, 51850, 51700

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