Anil Singhvi Market Approach August 5: Mandatory ranges to hint in Nifty50, Nifty Monetary establishment in the meanwhile

Anil Singhvi Market Approach: Zee Enterprise Managing Editor Anil Singhvi expects help for the headline Nifty50 index to emerge at 24,300-24,425 ranges and a stronger help zone at 24,075-24,200 ranges on Monday, August 5. 

For the Nifty Monetary establishment, he expects help to come back again in at 50,775-50,900 and 50,450-50,550 ranges and a stronger help zone at 49,900-50,100 ranges.

Right here is how Anil Singhvi sums up the market setup:

• World: Antagonistic

• FII: Antagonistic

• DII: Optimistic

• F&O: Neutral

• Sentiment: Antagonistic

• Sample: Optimistic

• FII prolonged positions at 64 per cent vs 66 per cent the day before today

• Nifty put-call ratio (PCR) at 0.91 vs 1.04

• Nifty Monetary establishment PCR at 0.78 vs 0.71

• Volatility index India VIX up 11 per cent at 14.32

He sees a greater 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 present prolonged positions:

• Nifty Intraday SL 24500 n Closing SL 24400
• Monetary establishment Nifty Intraday SL 51000 n Closing SL 50875

For present temporary positions:

For model spanking new positions in Nifty50: 

• Promote Nifty: SL 24850 Tgt 24500, 24425, 24350, 24300, 24240, 24200

• Buy Nifty offered that it trades above 24725 Aggressive Retailers Buy Nifty in 24075-24200 range: Strict SL 23975 Tgt 24300, 24350, 24400, 24475, 24575, 24650

   

For model spanking new positions in Nifty Monetary establishment: 

• Promote Monetary establishment Nifty:
  SL 51650 Tgt 51025, 50900, 50775, 50550, 50450, 50100, 50000, 49900

• Aggressive Retailers Buy Monetary establishment Nifty in 49900-50100 range:

  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 Monetary establishment, GNFC, Granules India, India Cements
• Out Of Ban: Nil

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