Anil Singhvi Market Strategy October 31: 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 24,175-24,300 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: 

• Global: Positive

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

• FII agelong positions unchanged astatine 40 per cent arsenic the erstwhile day

• Nifty put-call ratio (PCR) astatine 1.02 vs 0.96

• Nifty Bank PCR astatine 1.34 vs 0.78

• 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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