Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,175-25,275 levels and a strong buy zone at 25,050-25,150 levels on Thursday, October 16. For the Nifty Bank, the market wizard expects support at 56,500-56,625 levels and a strong buy zone at 56,150-56,325 levels.
How market guru Anil Singhvi sums up trade setup:
The market wizard expects a higher zone at 25,375-25,450 levels and a strong sell zone at 25,500-25,600 levels for the headline index.
For the banking index, he expects a higher zone at 56,975-57,150 levels and a profit-booking zone at 57,200-57,375 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
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Nifty intraday and closing stop loss at 25,150
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Nifty Bank intraday stop loss at 56,450 and closing stop loss at 56,150
For existing short positions:
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Nifty intraday and closing stop loss at 25,400
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Nifty Bank intraday and closing stop loss at 57,050
For new positions in Nifty50:
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Aggressive traders can buy Nifty in the 25,150-25,275 range with a strict stop loss at 25,050 for targets of 25,325, 25,365, 25,425, 25,450, 25,500 and 25,600
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Aggressive traders can sell Nifty in the 25,425-25,500 range with a strict stop loss at 25,550 for targets of 25,375, 25,325, 25,300, 25,275, 25,225 and 25,175
For new positions in Nifty Bank:
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Aggressive traders can buy Nifty Bank in the 56,500-56,700 range with a strict stop loss at 56,300 for targets of 56,800, 56,925, 56,975, 57,050, 57,150 and 57,300
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Aggressive traders can sell Nifty Bank in the 57,000-57,200 range with a strict stop loss at 57,350 for targets of 56,925, 56,800, 56,725, 56,625, 56,500 and 56,325
Stock in F&O ban
- New in ban: None
- Already in ban: Sammaan Capital
- Out of ban: RBL Bank
