Anil Singhvi strategy April 25: Important levels to track in Nifty 50, Nifty Bank

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the April 25 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees a strong buy zone for Nifty50 coming in at 17,575-17,625 levels on April 25.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,665-17,725 levels and a strong buy zone at 17,575-17,625 levels on Tuesday, April 25. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 42,375-42,500 levels and a strong buy zone at 42,150-42,275 levels.

Here's how Anil Singhvi sums up the market setup on April 25:

Global: Positive
FII: Positive

TRENDING NOW
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Neutral

For the 50-scrip headline index, he expects a higher zone at 17,800-17,850 levels and a profit-booking zone at 17,875-17,925 levels. For the banking index, he sees a higher zone at 42,825-42,950 levels and a profit-booking zone at 43,000-43,150 levels.

FII index longs at 44 per cent on Tuesday vs 39 per cent the previous day
Nifty put-call ratio (PCR) at 1.13 vs 0.93
Nifty Bank PCR at 1.25 vs 0.78
Fear index India VIX unchanged at 11.67

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty intraday and closing stop loss at 17,600
Nifty Bank intraday stop loss at 42,250 and closing stop loss at 42,000

For existing short positions:

Nifty intraday and closing stop loss at 17,875
Nifty Bank intraday and closing stop loss at 43,000

For new positions in Nifty:

Buy Nifty with a stop loss at 17,600 for targets of 17,800, 17,825, 17,850, 17,875, 17,925 and 17,975
Sell Nifty in the 17,800-17,875 range with a stop loss at 17,925 for targets of 17,750, 17,725, 17,700, 17,665 and 17,625

For new positions in Nifty Bank:

Buy Nifty Bank in the 42,275-42,375 range with a stop loss at 42,200 for targets of 42,500, 42,625, 42,700 and 42,825
Aggressive traders can buy Nifty Bank with a strict stop loss at 42,450 for targets of 42,700, 42,825, 42,950, 43,000, 43,075 and 43,150
Aggressive traders sell Nifty Bank in the 42,950-43,150 range with a strict stop loss at 43,250 for targets of 42,825, 42,725, 42,650, 42,500, 42,375 and 42,275

No stocks in F&O ban

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