Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,445-19,515 levels and a strong buy zone at 19,375-19,425 levels on Monday, November 13. For the Nifty Bank, he expects support at 43,800-43,925 levels and a strong buy zone at 43,550-43,700 levels.

Here's how Anil Singhvi sums up the market setup:

  • Global: Neutral
  • FII: Negative
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Neutral

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Singhvi expects a higher zone for the Nifty50 at 19,550-19,600 levels and a profit-booking zone at 19,625-19,700 levels. For the banking index, he sees a higher zone coming in at 44,050-44,200 levels and a profit-booking zone at 44,275-44,400 levels.  

ANIL SINGHVI MARKET STRATEGY

Singhvi suggests adopting a 'buy on dips' strategy at key support levels amid mildly weak signals from global markets. He expects strong support for the Nifty and the Nifty Bank coming in at 19,325-19,425 and 43,550-43,700 levels, and sees resistance emerging at 19,600-19,725 and 44,400-44,600 levels, respectively. 

The market wizard expects the market to strengthen further after the indices close above the 19,500 and 44,000 levels, respectively.

  • FII index long positions unchanged at 18 per cent as the previous day
  • Nifty put-call ratio (PCR) at 1.15 vs 1.04
  • Nifty Bank PCR at 1.03 vs 1.01 
  • India VIX up about two per cent at 11.35

For existing long positions:

  • Nifty intraday and closing stop loss at 19,375
    Nifty Bank intraday and closing stop loss at 43,550

For existing short positions:

  • Nifty intraday and closing stop loss at 19,600
    Nifty Bank intraday and closing stop loss at 44,200

For new positions in Nifty:

  • The best range to buy Nifty is 19,400-19,465 with a stop loss at 19,300 for targets of 19,500, 19,525, 19,550, 19,600, 19,625 and 19,650
  • Sell Nifty in the 19,600-19,675 range with a stop loss at 19,750 for targets of 19,550, 19,525, 19,465, 19,445, 19,425 and 19,400

For new positions in Nifty Bank:

  • The best range to buy Nifty Bank is 43,700-43,875 with a stop loss at 43,550 for targets of 43,975, 44,050, 44,200, 44,275, 44,350 and 44,400
  • Aggressive traders can sell Nifty Bank in the 44,200-44,400 range with a stop loss at 44,500 for targets of 44,050, 44,000, 43,925, 43,800, 43,750 and 43,650 

F&O ban update

  • Already in ban: Chambal Fertilisers, Delta Corp, GNFC, Manappuram Finance, MCX, Zee Entertainment
  • New in ban: None
  • Out of ban: None

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