Anil Singhvi's Post-Budget Market Strategy (Feb 4): Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment to look at 23,200-23,275 levels and a beardown bargain portion astatine 23,000-23,150 levels for the header Nifty50 scale connected Tuesday, February 4. For the Nifty Bank, helium expects enactment astatine 48,850-49,025 levels and a stronger enactment portion astatine 48,450-48,650 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: Negative

• FII agelong positions astatine 10 per cent vs 12 per cent earlier Monday's session 

• Nifty put-call ratio (PCR) unchanged astatine 0.87

• Nifty Bank PCR unchanged astatine 0.79

• Volatility scale India VIX up 2 per cent astatine 14.35

The marketplace wizard sees a higher portion astatine 23,400-23,500 levels and a profit-booking portion astatine 23,525-23,625 levels for the header index. 

For the banking index, helium sees a higher portion at 49,500-49,675 levels and a beardown merchantability portion astatine 49,750-49,950 levels.  

ANIL SINGHVI MARKET STRATEGY

For existing agelong positions: 

• Nifty intraday and closing halt nonaccomplishment astatine 23,200
• Nifty Bank intraday closing halt nonaccomplishment astatine 48,850

For existing abbreviated positions:

• Nifty intraday and closing halt nonaccomplishment astatine 23,550
• Nifty Bank intraday halt nonaccomplishment astatine 49,500 and closing halt nonaccomplishment astatine 49,600

For caller positions successful Nifty50:

• The champion scope to bargain Nifty is 23,150-23,275 with a halt nonaccomplishment astatine 23,050 for targets of 23,350, 23,400, 23,475, 23,500, 23,550 and 23,600

• Best scope to merchantability Nifty is 23,500-23,625 with a halt nonaccomplishment astatine 23,700 for targets of 23,425, 23,400, 23,350, 23,300, 23,275 and 23,225

For caller positions successful Nifty Bank:

• Aggressive traders tin bargain Nifty Bank with a Strict halt nonaccomplishment astatine 48,850 for targets of 49,375, 49,500, 49,575, 49,675, 49,750, 49,825 and 49,950

• Aggressive traders tin merchantability Nifty Bank successful the 49,575-49,750 scope with a strict halt nonaccomplishment astatine 49,850 for targets of 49,500, 49,375, 49,300, 49,200, 49,050 and 48,925

No banal successful F&O ban

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