Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,925-25,000 levels and a strong buy zone at 24,765-24,875 levels on Friday, August 22. For the Nifty Bank, the market wizard expects support to emerge at 55,500-55,650 levels and a strong buy zone at 55,225-55,375 levels.
How market guru Anil Singhvi sums up trade setup:
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Global: Neutral
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FII: Positive
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DII: Positive
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F&O: Neutral
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Sentiment: Positive
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Trend: Positive
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FII long positions unchanged at 10 per cent as before Thursday’s session
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Nifty put-call ratio (PCR) at 1.09 vs 1.28
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Nifty Bank PCR at 0.75 vs 0.76
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Volatility index India VIX down 3.5 per cent at 11.37
The market wizard expects a higher zone at 25,150-25,250 levels and a strong sell zone at 25,325-25,450 levels for the headline index.
For the banking index, he expects a higher zone at 55,975-56,150 levels and a strong sell zone at 56,200-56,400 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
For existing short positions:
For new positions in Nifty50:
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Best range to Buy Nifty is 24850-25000: SL 24750 Tgt 25050, 25085, 25150, 25200, 25250, 25325
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Aggressive Traders Sell Nifty in 25150-25300 range: Strict SL 25400 Tgt 25090, 25050, 25015, 24975, 24935, 24875
For new positions in Nifty Bank:
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Aggressive Traders Buy Bank Nifty in 55500-55650 range: Strict SL 55350 Tgt 55750, 55850, 55950, 56000, 56150, 56300
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Aggressive Traders Sell Bank Nifty in 56000-56150 range: Strict SL 56300 Tgt 55850, 55750, 55700, 55650, 55575, 55500
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