Nifty, Bank Nifty strategy today, October 19 by Anil Singhvi: Check buy, stop loss and support levels

Nifty, Bank Nifty strategy today, October 19 by Anil Singhvi: State Bank of India (SBI) was the biggest gainer in the Sensex pack, climbing 3.41 per cent, followed by ITC, Nestle India, Bharti Airtel, IndusInd Bank, L&T, M&M and Reliance Industries.

Amid positive global cues and neutral FIIs and positive DIIs activities, the short term trend for the Indian stock market is positive.

Nifty, Bank Nifty strategy today, October 19 by Anil Singhvi: Amid positive global cues and neutral FIIs and positive DIIs activities, the short term trend for the Indian stock market is positive, according to Zee Business Managing Editor Anil Singhvi. At 8:00 am, SGX Nifty was trading at 17,524 up by 29 points or 0.17 per cent. Dow Futures and Nasdaq Futures were quoting positive, up by nearly 0.53 per cent to 30739 and 1.23 per cent to 11336, respectively. Equity benchmark indices rallied for the third day on the trot on Tuesday amid firm global market trends and buying in energy, banking and FMCG counters. The 30-share BSE Sensex jumped 549.62 points or 0.94 per cent to settle at 58,960.60. During the day, it zoomed 732.68 points or 1.25 per cent to 59,143.66. Similarly, the broader NSE Nifty surged 175.15 points or 1.01 per cent to end at 17,486.95. State Bank of India (SBI) was the biggest gainer in the Sensex pack, climbing 3.41 per cent, followed by ITC, Nestle India, Bharti Airtel, IndusInd Bank, L&T, M&M and Reliance Industries. Only five constituents finished in the red -- HDFC, NTPC, Tech Mahindra, Sun Pharma and HDFC Bank, slipping up to 0.72 per cent. The S&P 500 gained 42.04 points, or 1.14 per cent, to 3,719.99 and the Nasdaq Composite added 96.60 points, or 0.9 per cent, to 10,772.40.

Given below is Anil Singhvi's strategy for Wednesday, October 19:

TRENDING NOW

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

Nifty support zone 17375-17425, Below that 17250-17325 Strong Buy zone

Nifty higher zone 17575-17625, Above that 17650-17725 Profit booking zone

Bank Nifty support zone 39950-40150, Below that 39500-39625 Strong Buy zone

Bank Nifty higher zone 40500-40625, Above that 40700-40900 Profit booking zone

Nifty support levels 17475, 17425, 17375, 17325, 17300, 17275

Nifty higher levels 17525, 17575, 17600, 17625, 17650, 17700, 17725

Bank Nifty support levels 40275, 40150, 40075, 39950, 39800, 39625, 39500

Bank Nifty higher levels 40425, 40500, 40625, 40700, 40775, 40900
FIIs Index Long at 30% Vs 24%
PCR at 1.19 Vs 1.11
BankNifty PCR at 1.19 Vs 1.39
India VIX down by 5% at 17.45