Anil Singhvi strategy October 25: Important levels to track in Nifty, 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 Nifty index emerging at 19,225-19,285 levels and a strong buy zone at 18,975-19,025 levels on Wednesday, October 25, as Dalal Street returned to trade after a holiday. For the Nifty Bank, he expects support at 42,875-43,025 levels and a strong buy zone at 42,600-42,750 levels.

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

Global: Positive
FII: Positive

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

Singhvi expects a higher zone for the Nifty50 at 19,340-19,385 levels and a strong sell zone at 19,435-19,485 levels. For the banking index, he sees a higher zone coming in at 43,500-43,600 levels and a strong sell zone at 43,725-43,875 levels.

ANIL SINGHVI MARKET STRATEGY

FII index long positions unchanged at 26 per cent as the previous day
Nifty put-call ratio (PCR) at 0.70 vs 0.90
Nifty Bank PCR light at 0.51 vs 0.73
Fear index India VIX up one per cent at 10.91

For existing long positions:

Nifty intraday and closing stop loss at 19,200
Nifty Bank intraday and closing stop loss at 42,900

For existing short positions:

Nifty intraday and closing stop loss at 19,550
Nifty Bank intraday and closing stop loss at 44,000

For new positions in Nifty:

Buy Nifty with a stop loss at 19,200 for targets of 19,340, 19,365, 19,385, 19,435, 19,465 and 19,485
The best range to sell Nifty is 19,435-19,515 with a stop loss at 19,600 for targets of 19,400, 19,365, 19,340, 19,300, 19,285 and 19,265

For new positions in Nifty Bank:

Buy Nifty Bank with a stop loss at 42,900 for targets of 43,275, 43,350, 43,475, 43,550, 43,600 and 43,700
Aggressive traders can sell Nifty Bank in the 43,550-43,850 range with a strict stop loss at 44,000 for targets of 43,475, 43,350, 43,275, 43,225, 43,150 and 43,050

Stocks in ban:

New in ban: RBL Bank
Out of ban: Indiabulls Housing Finance
Already in ban: None

Results review:

Torrent Pharma

Results in line with estimates
Management commentary positive
Deal with Cipla a big trigger
Stock futures have support at Rs 1,850 and Rs 1,870; higher levels at Rs 1,890, Rs 1,905 and Rs 1,920

Stock of the day:

Buy RBL Bank futures with a stop loss at Rs 227 for targets of Rs 235, Rs 238 and Rs 240

Stock fell five per cent on Monday
Near important support level, short covering expected

Buy Godawari Power with a stop loss at Rs 588 for targets of Rs 605, Rs 615 and Rs 630

Stock fell five per cent on Monday
Board to meet on November 3 to discuss stock split

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Anil Singhvi

Anil Singhvi strategy October 25: Important levels to track in Nifty, 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's how Anil Singhvi sums up the market setup:

TRENDING NOW

ANIL SINGHVI MARKET STRATEGY