Anil Singhvi Market Strategy (Nov 17): How to trade Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,765-25,875 levels and a strong buy zone at 25,650-25,750 levels on Monday, November 17. He sees support for the Nifty Bank emerging at 58,125-58,275 levels and a strong buy zone at 57,850-58,050 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

• FII long position at 11 per cent vs 12 per cent before Friday's session

• Nifty put-call ratio (PCR) at 0.92 vs 1.10

• Nifty Bank PCR at 0.97 vs 0.98

• Volatility index India VIX down 1.85 per cent at 11.94

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For the 50-scrip index, the market wizard expects a higher zone at 25,950-26,050 levels and a profit-booking zone at 26,100-26,175 levels.

For the Nifty Bank, he expects a higher zone at the 58,600 mark and a "blue-sky zone" once it crosses the 58,650 mark.​

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions:

• Nifty intraday and closing stop loss at 25,700

• Nifty Bank intraday and closing stop loss at 58,000

For existing short positions:

• Nifty intraday stop loss at 26,100 and closing stop loss at 26,000

• Nifty Bank intraday and closing stop loss at 58,650

For new positions in Nifty50:

• The best range to buy Nifty is 25,725-25,875 with a stop loss at 25,600 for targets of 25,900, 25,935, 26,000, 26,050, 26,100 and 26,175
• Aggressive traders can sell Nifty in the 26,000-26,100 range with a strict stop loss at 26,200 for targets of 25,950, 25,900, 25,875, 25,850, 25,800 and 25,765

• The best range to buy Nifty Bank is 58,125-58,275 with a stop loss at 58,000 for targets of 58,325, 58,375, 58,500 and 58,575; Nifty Bank is set to be in a blue-sky zone once it surpassed the 58,650 mark
• Sell Nifty Bank only if it breaks and sustains below 57,950, keeping a strict stop loss at 58,250 for targets of 57,850, 57,725, 57,650, 57,600, 57,525 and 57,425

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