Anil Singhvi Market Technique At present: Zee Enterprise Managing Editor Anil Singhvi expects assist for the Nifty50 index at 24,275-24,335 and a robust purchase zone at 24,050-24,200 ranges on Monday, August 11. For the Nifty Financial institution, the market wizard expects assist at 54,575-54,700 ranges and a stronger assist zone at 54,275-54,500 ranges.
How market guru Anil Singhvi sums up commerce setup:
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International: Constructive
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FII: Impartial
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DII: Impartial
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F&O: Impartial
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Sentiment: Unfavourable
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Development: Impartial
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FII lengthy positions at 8 per cent vs 9 per cent earlier than Friday’s session
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Nifty put-call ratio (PCR) at 0.72 vs 1.11
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Nifty Financial institution PCR at 0.80 vs 0.89
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Volatility index India VIX up 3 per cent at 12.03
The market wizard expects a better zone at 24,450-24,550 ranges and a robust promote zone at 24,575-24,725 ranges for the headline index.
For the banking index, he expects a better zone at 55,200-55,350 ranges and a profit-booking zone at 55,425-55,625 ranges.
ANIL SINGHVI MARKET STRATEGY | commerce Nifty Financial institution and Nifty50?
For current lengthy positions:
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Nifty intraday and shutting cease loss at 24,300
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Nifty Financial institution intraday and shutting cease loss at 54,800
For current brief positions:
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Nifty intraday and shutting cease loss at 24,650
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Nifty Financial institution intraday and shutting cease loss at 55,650
For brand spanking new positions in Nifty50:
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The very best vary to promote Nifty is 24,500-24,635 with a cease loss at 24,750 for targets of 24,450, 24,375, 24,335, 24,275, 24,200 and 24,150
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Aggressive merchants should purchase Nifty within the 24,150-24,275 vary with a strict cease loss at 24,000 for targets of 24,325, 24,365, 24,450, 24,500, 24,550 and 24,575
For brand spanking new positions in Nifty Financial institution:
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Aggressive merchants can promote Nifty Financial institution within the 55,375-55,600 vary with a strict cease loss at 55,750 for targets of 55,225, 55,150, 55,000, 54,900, 54,700 and 54,575
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Aggressive merchants should purchase Nifty Financial institution within the 54,575-54,700 vary with a strict cease loss at 54,450 for targets of 54,900, 54,975, 55,150, 55,200, 55,350 and 55,525
Shares in F&O ban
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