Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment for the header Nifty50 index to look at 24,175-24,300 levels and a beardown bargain portion astatine 24,075-24,140 levels connected Thursday, October 31.
For the Nifty Bank, helium expects enactment at 51,275-51,525 levels and a beardown bargain portion astatine 51,000-51,200 levels.
Here's however the marketplace guru sums up the commercialized setup this morning:
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Global: Positive
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FII: Positive
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DII: Neutral
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F&O: Neutral
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Sentiment: Neutral
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Trend: Neutral
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FII agelong positions unchanged astatine 40 per cent arsenic the erstwhile day
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Nifty put-call ratio (PCR) astatine 1.02 vs 0.96
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Nifty Bank PCR astatine 1.34 vs 0.78
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India VIX up 1 per cent astatine 14.45
The marketplace wizard sees a higher portion for the header scale at 24,400-24,500 levels and a profit-booking portion astatine 24,575-24,675 levels.
For the banking index, helium sees a higher portion astatine 51,975-52,100 levels and a profit-booking portion astatine 52,225-52,350 levels.
MARKET STRATEGY
For Existing Long Positions:
Nifty Intraday SL 24275 n Closing SL 24175
Bank Nifty Intraday n Closing SL 51500
For Existing Short Positions:
Nifty Intraday n Closing SL 24525
Bank Nifty Intraday SL 52050 n Closing SL 52350
For New Positions:
Best scope to Buy Nifty is 24075-24200:
SL 24000 Tgt 24300, 24340, 24375, 24400, 24435, 24465, 24500
Aggressive Traders Sell Nifty successful 24435-24500 range:
Strict SL 24550 Tgt 24400, 24340, 24300, 24200, 24175, 24140
For New Positions:
Best scope to Buy Bank Nifty is 51100-51275:
SL 51000 Tgt 51350, 51500, 51575, 51725, 51800
Aggressive Traders Buy Bank Nifty:
Strict SL 51475 Tgt 51975, 52100, 52175, 52225, 52350, 52500
Best scope to Sell Bank Nifty is 52100-52350:
SL 52500 Tgt 52000, 51825, 51750, 51600, 51525, 51275
Stocks successful F&O Ban:
Out Of Ban: L&T Fin, Manappuram Fin
Already In Ban: PNB, IDFC Bank, IndiaMart, RBL Bank
New In Ban: Nil
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