Anil Singhvi's Post-Budget Market Strategy (Feb 6): Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment to look at 23,525-23,635 levels and a beardown bargain portion astatine 23,425-23,500 levels for the header Nifty50 scale connected Thursday, February 6. For the Nifty Bank, helium expects enactment astatine 50,000-50,200 levels and a beardown bargain portion astatine 49,575-49,750 levels. 

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII agelong positions astatine 18 per cent vs 17 per cent earlier the erstwhile session

• Nifty put-call ratio (PCR) astatine 0.97 vs 1.16

• Nifty Bank PCR astatine 0.92 vs 0.91

• Volatility scale India VIX down 0.5 per cent astatine 14.08

The marketplace wizard sees a higher portion astatine 23,800-23,870 levels and a beardown merchantability portion astatine 23,925-24,000 levels for the header index. 

For the banking index, helium sees a higher portion at 50,600-50,750 levels and a beardown merchantability portion astatine 50,850-51,000 levels.  

ANIL SINGHVI MARKET STRATEGY

For existing agelong positions: 

• Nifty intraday halt nonaccomplishment astatine 23600 n closing halt nonaccomplishment astatine 23500

• Nifty Bank intraday halt nonaccomplishment astatine 50100 n closing halt nonaccomplishment astatine 49575

For existing abbreviated positions:

• Nifty intraday halt nonaccomplishment astatine 23875 n closing halt nonaccomplishment astatine 23800

• Nifty Bank intraday halt nonaccomplishment astatine 50600 n closing halt nonaccomplishment astatine 50500

For caller positions successful Nifty50:

• Aggressive Traders Buy Nifty: strict halt nonaccomplishment astatine 23600 for targets of 23750, 23800, 23850, 23870, 23925, 23975

• Aggressive Traders Sell Nifty adjacent 23850 & 23975 levels strict halt nonaccomplishment astatine 24100 for targets of 23800, 23750, 23700, 23675, 23635

For caller positions successful Nifty Bank:

• Best scope to Buy Nifty Bank is 49575-49750: halt nonaccomplishment astatine 49500 for targets of 50000, 50150, 50200, 50350, 50450, 50500

• Aggressive Traders Buy Nifty Bank: strict halt nonaccomplishment astatine 50100 for targets of 50500, 50600, 50750, 50850, 50900, 51000

• Aggressive Traders Sell Nifty Bank successful 50750-51000 range: strict halt nonaccomplishment astatine 51100 for targets of 50600, 50525, 50375, 50200, 50150

No banal successful F&O ban

RESULTS REVIEWS

Cummins India Futures:

Inline results

Stock already outperformed different peers

Do not bargain connected gap-up opening

Book nett connected gap-up opening

Support Level 2870, Higher Levels 2980, 3010

Gujarat Gas Futures:
Mix results, somewhat beneath estimation but banal doesn't respond overmuch connected results
Support Levels 467 & 450, Higher Levels 488 & 500 

Swiggy

Extremely anemic results

Cash pain successful speedy commerce is large conern

Only happening is banal already down astir 18% aft zomato results

STOCK OF THE DAY

Buy: DLF Futures

stop nonaccomplishment astatine 747, for targets of 774, 782

Real property stocks looking beardown earlier RBI policy

CLSA upgraded banal to Buy with people 975

Catch each the latest stock marketplace updates here. For each different quality related to business, market, tech and auto, visit Zeebiz.com.