Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects assist for the headline Nifty50 index to emerge at 24,300-24,425 ranges and a stronger assist zone at 24,075-24,200 ranges on Monday, August 5.
For the Nifty Financial institution, he expects assist to come back in at 50,775-50,900 and 50,450-50,550 ranges and a stronger assist zone at 49,900-50,100 ranges.
Here is how Anil Singhvi sums up the market setup:
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World: Adverse
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FII: Adverse
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DII: Optimistic
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F&O: Impartial
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Sentiment: Adverse
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Pattern: Optimistic
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FII lengthy positions at 64 per cent vs 66 per cent the day past
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Nifty put-call ratio (PCR) at 0.91 vs 1.04
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Nifty Financial institution PCR at 0.78 vs 0.71
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Volatility index India VIX up 11 per cent at 14.32
He sees a better zone for the headline index coming in at 24,575-24,675 ranges and at 51,075-51,250 ranges for the banking index.
ANIL SINGHVI MARKET STRATEGY
For current lengthy positions:
- Nifty Intraday SL 24500 n Closing SL 24400
- Financial institution Nifty Intraday SL 51000 n Closing SL 50875
For current brief positions:
For brand spanking new positions in Nifty50:
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Promote Nifty: SL 24850 Tgt 24500, 24425, 24350, 24300, 24240, 24200
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Purchase Nifty provided that it trades above 24725 Aggressive Merchants Purchase Nifty in 24075-24200 vary: Strict SL 23975 Tgt 24300, 24350, 24400, 24475, 24575, 24650
For brand spanking new positions in Nifty Financial institution:
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Promote Financial institution Nifty:
SL 51650 Tgt 51025, 50900, 50775, 50550, 50450, 50100, 50000, 49900 -
Aggressive Merchants Purchase Financial institution Nifty in 49900-50100 vary:
Strict SL 49800 Tgt 50425, 50550, 50775, 50875, 51000
Shares in F&O ban
- New In Ban: Chambal Fertilizer, AB Capital
- Already In Ban: IndiaMART, Birlasoft, RBL Financial institution, GNFC, Granules India, India Cements
- Out Of Ban: Nil
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