Anil Singhvi's Market Strategy (Feb 7): Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment to look at 23,425-23,550 levels and a stronger enactment portion astatine 23,300-23,400 levels for the header Nifty50 scale connected Friday, February 7. For the Nifty Bank, helium expects enactment astatine 50,000-50,150 levels and a stronger enactment portion astatine 49,575-49,750 levels. 

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

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutralleve

• FII agelong positions astatine 16 per cent vs 18 per cent the erstwhile day

• Nifty put-call ratio (PCR) astatine 0.95 vs 0.97

• Nifty Bank PCR astatine 0.93 vs 0.92

• Volatility scale India VIX up 0.5 per cent astatine 14.18

The marketplace wizard sees a higher portion astatine 23,675-23,750 levels and a profit-booking portion astatine 23,775-23,870 levels for the header index. 

For the banking index, helium sees a higher portion at 50,550-50,750 levels and a profit-booking portion astatine 50,850-51,000 levels.  

EDITOR'S TAKE | How marketplace guru Anil Singhvi views D-Street arsenic marketplace participants anticipation for a complaint cut

The marketplace wizard has highlighted the pursuing points: 

• It is hard to expect however the caller RBI Governor volition respond to the economical situation
• The marketplace is hopeful of a complaint cut
• In a way, some caller and aged Governor delivered complaint cuts indirectly
• Shaktikanta Das reduced currency reserve ratio (CRR)
• Sanjay Malhotra announced liquidity measures Rs 60,000 crore done unfastened marketplace operations
• Today's determination volition awesome the people of argumentation going forward
• New Governor's commentary volition beryllium important to track

ANIL SINGHVI MARKET STRATEGY

For existing agelong positions: 

• Nifty Intraday n Closing SL 23500

• Bank Nifty Intraday SL 50100 n Closing SL 50000

For existing abbreviated positions:

• Nifty Intraday n Closing SL 23500

• Bank Nifty Intraday SL 50100 n Closing SL 50000

For caller positions successful Nifty50:

• Aggressive Traders Buy Nifty successful 23400-23500 range: Strict SL 23300 Tgt 23550, 23600, 23675, 23700, 23750, 23775

• Aggressive Traders Sell Nifty successful 23675-23775 range: Strict SL 23875 Tgt 23600, 23550, 23500, 23425, 23400, 23350

For caller positions successful Nifty Bank:

• Aggressive Traders Buy Bank Nifty earlier policy: Strict SL 50100 Tgt 50525, 50600, 50750, 50850, 50900, 51000

• Aggressive Traders Sell Bank Nifty successful 50850-51000 range: Strict SL 51100 Tgt 50750, 50600, 50550, 50375, 50200, 50150

No banal successful F&O ban

STOCKS OF THE DAY

Buy Bharti Airtel Futures:
SL 1605 Tgt 1640, 1655, 1667
Best results connected each parameters
Strong escaped currency flow
One of the astir unchangeable and beardown Nifty stock

Buy Bharti Hexa:
SL 1295 Tgt 1325, 1335, 1350
Very beardown results connected each parameters

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