Anil Singhvi strategy June 7: Important levels to track in Nifty, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the June 7 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,465-18,535 levels on Wednesday, June 7. For the Nifty Bank, he sees support at 44,000-44,075 levels and a strong buy zone at 43,825-43,950 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Neutral
- FII: Neutral
- DII: Neutral
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
For the 50-scrip headline index, he expects a higher zone at 18,640-18,660 levels and a profit-booking zone at 18,690-18,750 levels. For the banking index, he sees a higher zone at 44,275-44,325 levels and a strong sell zone at 44,425-44,500 levels.
- FII index longs at 46 per cent vs 50 per cent the previous day
- Nifty put-call ratio (PCR) at 1.01 vs 1.00
- Nifty Bank PCR at 0.97 vs 0.87
- India VIX up two per cent at 11.38
ANIL SINGHVI MARKET STRATEGY
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