Anil Singhvi’s Strategy January 22: 11,000 & 27,750 are going to be most crucial levels on the higher side at Nifty & Bank Nifty
Sensex and Nifty gained for the fifth straight session on Monday, January 21, 2018, as both indices climbed at least a half per cent amid positive global cues.
Sensex and Nifty gained for the fifth straight session on Monday, January 21, 2018, as both indices climbed at least a half per cent amid positive global cues. The BSE Sensex was up by 192.96 points, or 0.53 per cent, to close at 36,578.96 and Nifty 50 rose 54.90 points, or 0.50 per cent, and ended at 10,961.85. Similarly, Bank Nifty went up 76.90 points, 0.28 per cent, and settled at 27,533.60.
Amid positive sentiment, domestic institutional investors (DIIs), future and options (F&O), and neutral global market and foreign institutional investors (FII) cues, the short-term trend of the Indian domestic market will remain positive on Tuesday, January 22, 2019.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 22:
10,925 and 27,500 are going to be the deciding levels on Nifty and Bank Nifty.
The small and medium trading range on Nifty lies at 10,925-10,975 and 10,900-11,000. The extreme range stands at 10,850-11,050.
The small and medium trading range on Bank Nifty lies at 27,400-27,600 and 27,300-27,700. The extreme range stands at 27,250-27,750.
Strong support zone on the two indices, Nifty and Bank Nifty, for today, stands at the mark of 10,875-10,925 and 27,300-27,400 respectively.
Most crucial levels on higher side on the two indices resides at the mark of 11,000 and 27,750.
Traders are advised to reduce their buying positions if Nifty and Bank Nifty closes below 10,875 and 27,400.
Buy and Sell strategy on Nifty
Buy Nifty in 10,900-10,925 range with a stop loss of 10,875 and target of 10,950, 10,975, 11,000.
Sell Nifty in 10,975-11,000 range with a stop loss of 11,050 and target of 10,950, 10,930.
Buy and Sell strategy on Bank Nifty
Buy Bank Nifty in 27,350-27,400 range with a stop loss of 27,250 and target of 27,500, 27,600, 27,700.
Sell Bank Nifty in 27,700-27,750 range with a stop loss of 27,800 and target of 27,600, 27,550.
The put-call ratio (PCR) stands at 1.59 and the volatility index (VIX) is 18.15.
Already in F&O Ban: Adani Power, Jet Airways.
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