Anil Singhvi strategy December 28: Important levels to track in Nifty50, Nifty Bank today

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

Here is what Zee Business Managing Editor Anil Singhvi makes of the market today.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,575-21,600 levels and a strong buy zone at 21,450-21,500 levels on Thursday, December 28. For the Nifty Bank, he expects support at 48,000-48,150 levels and a strong buy zone in the 47,725-47,850 range.

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

Global: Positive
FII: Positive

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

Singhvi expects a higher zone in the Nifty50 at 21,675-21,700 levels and a blue-sky zone above 21,725. For the banking index, he sees a higher zone emerging at 48,350-48,500 levels and a blue-sky zone above 48,550.

ANIL SINGHVI MARKET STRATEGY

FII index longs at 63 per cent vs 64 per cent the previous day
Nifty put-call ratio (PCR) at 1.43 vs 1.23
Nifty Bank PCR at 1.36 vs 1.10
INDIA VIX up 5.99 per cent at 15.56

For existing long positions:

Nifty intraday stop loss at 21,475 and closing stop loss at 21,425
Nifty Bank intraday stop loss at 48,000 and closing stop loss at 47,700

For existing short positions:

Nifty intraday and closing stop loss at 21,725
Nifty Bank intraday stop loss at 48,550 and closing stop loss at 48,350

For new positions in Nifty:

Buy Nifty at 21,500 and 21,600 levels with a stop loss at 21,475 for targets of 21,675 and 21,700; above 21,725, one may keep a trailing stop loss and hold for a higher target of 22,000
No short advice till the index breaks below 21,425

For new positions in Nifty Bank:

The best levels to buy Nifty Bank are 48,000 and 48,150 with a stop loss at 47,800 for targets of 48,225, 48,275, 48,350 and 48,500; above 48,550, one may keep a trailing stop loss and hold for a higher target of 49,000
No short advice till the index breaks below 47,700

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