Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,150-25,275 levels and a strong buy zone at 25,000-25,115 levels on Monday, September 22, as the government’s GST 2.0 reforms took effect.
For the Nifty Bank, the market wizard expects support at 55,000-55,150 levels and a strong buy zone at 54,750-54,900 levels.
How market guru Anil Singhvi sums up trade setup:
The market wizard expects a higher zone at 25,325-25,425 levels and a profit-booking zone at 25,450-25,550 levels for the headline index.
For the banking index, he expects a higher zone at 55,600-55,725 levels and a strong sell zone at 55,825-56,000 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 25,225
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Nifty Bank intraday and closing stop loss at 55,300
For existing short positions:
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Nifty intraday and closing stop loss at 25,450
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Nifty Bank intraday stop loss at 55,850 and closing stop loss at 55,725
For new positions in Nifty50:
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Aggressive traders can buy Nifty in the 25,115-25,250 range with a strict stop loss at 25,000 for targets of 25,275, 25,325, 25,350, 25,425 and 25,450
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Aggressive traders can sell Nifty in the 25,350-25,450 range with a strict stop loss at 25,550 for targets of 25,275, 25,250, 25,150, 25,115, 25,075 and 25,000
For new positions in Nifty Bank:
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Aggressive traders can buy Nifty Bank in the 55,000-55,150 range with a strict stop loss at 54,800 for targets of 55,350, 55,475, 55,575, 55,675, 55,725 and 55,825
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Aggressive traders can sell Nifty Bank in the 55,675-55,825 range with a strict stop loss at 56,000 for targets of 55,600, 55,500, 55,350, 55,175, 55,025 and 54,900
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