Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects enactment for the header Nifty50 index to look at 23,675-23,800 levels and a beardown bargain portion astatine 23,500-23,625 levels connected Tuesday, November 5. For the Nifty Bank, helium expects enactment at 50,800-51,000 levels and a beardown bargain portion astatine 50,200-50,375 levels.
Special Coverage, Special Occasion!
Market guru Singhvi is starring a peculiar sum from the offices of BSE successful Mumbai successful airy of Zee Business achieving a grounds viewership with a marketplace stock of 77.4 per cent. He volition besides enactment successful a peculiar bell-ringing ceremonial 45 minutes into the opening bell, astatine 10 am, to commemorate the milestone.
Here's however the marketplace guru sums up the commercialized setup this morning:
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Global: Negative
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FII: Negative
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DII: Positive
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F&O: Neutral
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Sentiment: Negative
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Trend: Negative
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FII agelong positions astatine 24 per cent vs 23 per cent earlier the erstwhile session
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Nifty put-call ratio (PCR) astatine 0.85 vs 1.07
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Nifty Bank PCR astatine 0.71 vs 0.69
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Volatility scale India VIX up 5 per cent astatine 16.69
The marketplace wizard sees a higher portion for the header scale at 24,075-24,200 levels and a beardown merchantability portion astatine 24,275-24,400 levels.
For the banking index, helium sees a higher portion astatine 51,475-51,675 levels and a beardown merchantability portion astatine 51,750-51,900 levels.
MARKET STRATEGY
For existing agelong positions:
- Nifty Intraday n Closing SL 23800
- Bank Nifty Intraday n Closing SL 51000
For existing abbreviated positions:
- Nifty Intraday n Closing SL 24325
- Bank Nifty Intraday n Closing SL 51825
For caller positions successful Nifty50:
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Best scope to Sell Nifty is 24175-24300:
SL 24400 Tgt 24075, 24000, 23900, 23825, 23750, 23675 -
Aggressive Traders Buy Nifty successful 23625-23800 range:
Strict SL 23500 Tgt 24000, 24075, 24135, 24175, 24200, 24275, 24300
For caller positions successful Nifty Bank:
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Best scope to Sell Bank Nifty is 51675-51825:
SL 52000 Tgt 51525, 51325, 51225, 51100, 51000, 50800 -
Aggressive Traders Buy Bank Nifty successful 50200-50375 range:
Strict SL 50000 Tgt 50750, 50975, 51075, 51200, 51325, 51475, 51675
No stocks successful F&O ban
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