Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 24,625-24,700 levels and a strong buy zone at 24,500-24,575 levels in the headline index Nifty50 on Monday, December 16. In Nifty Bank, he expects support at 53,175 levels -53,325,32 and a strong buying position 52,850-53,025 levels.
Here’s how the market guru summed up the trade setup this morning:
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Global: Neutral
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FII: Good
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DII: Neutral
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F&O: Neutral
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Feeling: Good
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Trends: Positive
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FIIs are taking long positions at 41 percent compared to 40 percent before the previous session
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Nifty put-call ratio (PCR) at 1.12 vs 1.02
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Nifty Bank PCR at 0.95 vs 0.90
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The Volatility India VIX index was down one percent at 13.05
The market wizard sees a high point for the headline index at 24,850-24,950 levels and a profit-booking point at 24,975-25,125 levels.
With the bank index, you see a high area at 53,775-53,875 levels and a profit booking area at 53,975-54,150 levels.
ANIL SINGHVI MARKET STRATEGIES
For existing long positions:
- Nifty Intraday n Closing SL 24500
- Bank Nifty Intraday n Closing SL 53150
With short positions available:
- Nifty Intraday n Closing SL 24875
- Bank Nifty Intraday SL 53900 n Closing SL 53650
For new positions in Nifty50:
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Best range to buy Nifty is 24600-24700:
SL 24500 Tgt 24765, 24850, 24900, 24950, 24975, 25050 -
Aggressive Traders Sell Nifty 24850-25000 Range:
Strict SL 25050 Tgt 24775, 24700, 24675, 24650, 24600, 24550
For new positions in Nifty Bank:
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The best range to buy Nifty Bank Nifty is 53175-53325:
SL 53000 Tgt 53500, 53575, 53650, 53775, 53875, 53950, 54025 -
Aggressive Traders Sell Bank Nifty in 53875-54000 range:
Strict SL 54100 Tgt 53650, 53575, 53500, 53400, 53325, 53175
Shares in F&O Ban .
- New in Foreclosure: Manappuram Fin, SAIL
- Already Banned: NALCO, Hind Copper, Metropolis, RBL Bank, Granules, PVR Inox
- Without Restrictions: None
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