Anil Singhvi Market Strategy October 1: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. 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 expects support for the headline Nifty50 index to emerge at 25,475-25,625 levels on Tuesday, October 1.
For the Nifty Bank, he expects support to come in at 52,425-52,575 levels and a strong buy zone at 52,075-52,275.
Here's how the market guru sums up the trade setup this morning:
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Global: Positive
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FII: Negative
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DII: Positive
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F&O: Neutral
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Sentiment: Neutral
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Trend: Positive
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FII long positions unchanged at 81 per cent as the previous day
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Nifty put-call ratio (PCR) at 0.84 vs 1.16
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Nifty Bank PCR at 0.62 vs 0.74
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Volatility index India VIX up 7 per cent at 12.79
The market wizard sees a higher zone for the headline index at 25,875-25,940 levels and a profit-booking zone at 26,000-26,025 levels.
For the banking index, he expects a higher zone at 53,100-53,350 and a strong zone at 53,750-53,900 levels.
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MARKET STRATEGY
For existing long positions:
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Nifty intraday and closing stop loss at 25,750
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Nifty Bank intraday and closing stop loss at 52,700
For existing short positions:
- Nifty intraday and closing stop loss at 26,050
- Nifty Bank intraday and closing stop loss at 53,400
For new positions in Nifty50:
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Aggressive traders can sell Nifty in the 25,940-26,025 range with a strict stop loss at 26,075 for targets of 25,875, 25,850, 25,800, 25,775 and 25,625; the best range to buy Nifty is 25,475-25,625 with a stop loss at 25,400 for targets 25,775, 25,800, 25,850, 25,875 and 25,940
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Aggressive traders can buy Nifty with a strict stop loss at 25,750 for targets of 25,850, 25,875, 25,940, 26,000, 26,025 and 26,150
For new positions in Nifty Bank:
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The best range to sell Nifty Bank is 53,750-53,900 with a stop loss at 54,050 for targets of 53,500, 53,350, 53,175, 53,100 and 53,025
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Aggressive traders can sell Nifty Bank near 53,350 with a strict stop loss at 53,400 for targets of 53,175, 53,100, 53,000, 52,925, 52,850 and 52,750
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Aggressive traders can buy Nifty Bank in 52,425-52,575 range with a strict stop loss at 52,350 for targets of 52,750, 52,850, 52,925, 52,975, 53,100 and 53,350
Stocks in F&O ban
- New in ban: Hindustan Copper, RBL Bank, Bandhan Bank, Balrampur Chini
- Out of ban: None
- Already in ban: None
Stock of the Day
Buy Blue Dart shares with a stop loss at Rs 8,100 for targets of Rs 8,375, Rs 8,500 and Rs 8,650
- The company is set to increase the prices of shipments from January 1, 2025
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09:12 AM IST