Anil Singhvi’s Strategy November 27: Day support zone on Nifty is 12850-12935 & Bank Nifty is 29050-29250

Amid neutral global markets, positive foreign institutional investors (FIIs), negative domestic institutional investors (DIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, November 27, 2020.  

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 27:

Nifty 12850-12935 Day support zone, Nifty 13050-13150 Day higher zone

BankNifty 29050-29250 Day support zone, Below that 28850-28925 Strong support zone

BankNifty 29750-29900 Day higher zone, Above that 30150-30300 Profit-booking zone

Nifty 12935-13050 Small Day Range, 12900-13075 Medium Range, 12850-13150 Bigger Range

BankNifty 29250-29750 Small Day Range, 29050-29900 Medium Range, 28850-30150 Bigger Range

FIIs Index long at overbought level at 77% Vs 64%

PCR at 1.48 Vs 1.27, India VIX fell sharply by 14% to 20.02

For Existing Long Positions:

Nifty Intraday SL 12900 n Closing SL 12850

BankNifty Intraday n Closing SL 29200

For Existing Short Positions:

Nifty Intraday n Closing SL 13050

BankNifty Intraday n Closing SL 29800

For New Positions:

Buy Nifty in 12875-12935 range:

SL 12800 Tgt 12975, 13025, 13050, 13075, 13125, 13150

Sell Nifty in 13125-13200 range:

SL 13250 Tgt 13075, 13025, 13000

For New Positions:

Buy BankNifty in 29050-29250 range:

SL 28800 Tgt 29400, 29550, 29750, 29900

Sell BankNifty in 29900-30000 range:

SL 30200 Tgt 29825, 29750, 29625, 29550

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No Stocks in F&O Ban

Out Of Ban: NALCO, SAIL, Tata Motors, Canara Bank, IB Housing