Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,765-24,850 levels and a strong buy zone at 24,625-24,725 levels on Tuesday, August 19. For the Nifty Bank, the market wizard expects support to emerge at 55,500-55,650 with a strong buy zone at 55,200-55,350 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: Neutral
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Trend: Neutral
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FII long positions at 10 per cent vs 8 per cent before Monday’s session
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Nifty put-call ratio (PCR) at 0.99 vs 1.00
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Nifty Bank PCR at 0.77 vs 0.76
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Volatility index india VIX unchanged at 12.34
The market wizard expects a higher zone at 24,950-25,025 levels and a strong sell zone at 25,100-25,250 levels for the headline index.
For the banking index, he expects a higher zone at 55,950-56,150 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 24675-24800: SL 24600 Tgt 24850, 24950, 25000, 25025, 25065, 25125, 25150
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Aggressive Traders Sell Nifty in 25000-25150 range: Strict SL 25250 Tgt 24875, 24850, 24800, 24765, 24725, 24665
For new positions in Nifty Bank:
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Aggressive Traders Buy Bank Nifty in 55375-55550 range: Strict SL 55200 Tgt 55650, 55725, 55850, 55950, 56000, 56150
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Aggressive Traders Sell Bank Nifty in 56000-56200 range: Strict SL 56400 Tgt 55850, 55750, 55650, 55550, 55500, 55350
Stocks in F&O ban
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