Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,275-25,350 levels and a strong buy zone at 25,150-25,250 levels on Friday, September 19. For the Nifty Bank, the market wizard expects support at 55,350-55,500 levels and a strong buy zone at 55,000-55,150 levels.
How market guru Anil Singhvi sums up trade setup:
The market wizard expects a higher zone at 25,450-25,550 levels and a strong sell zone at 25,600-25,670 levels for the headline index.
For the banking index, he expects a higher zone at 55,850-55,950 levels and a strong sell zone at 56,000-56,150 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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The best range to buy Nifty is 25,250-25,350 with a stop loss at 25,125 for targets of 25,425, 25,450, 25,500, 25,550, 25,600 and 25,665
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Aggressive traders can sell Nifty in the 25,500-25,650 range with a strict stop loss at 25,700 for targets of 25,450, 25,425, 25,350, 25,325, 25,275 and 25,250
For new positions in Nifty Bank:
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The best range to buy Nifty Bank is 55,350-55,500 with a stop loss at 55,150 for targets of 55,675, 55,725, 55,850, 55,950, 56,000 and 56,150
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Aggressive traders can sell Nifty Bank in the 55,950-56,150 range with a strict stop loss at 56,250 for targets of 55,850, 55,750, 55,675, 55,575, 55,500 and 55,350
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