Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,725-24,850 levels and a strong buy zone at 24,600-24,665 levels on Monday, August 25. For the Nifty Bank, the market wizard expects support to emerge at 54,900-55,050 levels and a stronger support zone at 54,575-54,700 levels.
How market guru Anil Singhvi sums up trade setup:
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Global: Positive
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FII: Negative
Add Zee Business as a Preferred Source
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DII: Neutral
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F&O: Neutral
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Sentiment: Neutral
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Trend: Neutral
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FII long positions at 11 per cent vs 10 per cent before Friday’s session
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Nifty put-call ratio (PCR) at 0.73 vs 1.09
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Nifty Bank PCR at 0.59 vs 0.75
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Volatility index India VIX up 3 per cent at 11.72
The market wizard expects a higher zone at 24,925-25,015 levels and a strong sell zone at 25,050-25,150 levels for the headline index.
For the banking index, he expects a higher zone at 55,350-55,500 levels and a strong sell zone at 55,550-55,750 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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Buy Nifty: SL 24800 Tgt 24925, 24975, 25015, 25050, 25085, 25150
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Best range to Sell Nifty is 25015-25150: SL 25200 Tgt 24975, 24935, 24875, 24850, 24800
For new positions in Nifty Bank:
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Aggressive Traders Buy Bank Nifty in 54900-55050 range Strict SL 54800 Tgt 55150, 55350, 55500, 55600, 55700, 55750
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Aggressive Traders Sell Bank Nifty in 55550-55750 range: Strict SL 55950 Tgt 55375, 55150, 55100, 55000, 54925
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