Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects help for the headline Nifty 50 index at 22,300-22,400 ranges and a stronger help zone at 22,100-22,200 on Friday, February 28. For the Nifty Financial institution, he expects help at 48,275-48,525 ranges and a powerful purchase zone at 47,800-48,050 ranges.
Learn on to be taught in regards to the market wizard’s views and suggestions for the day.
How market guru Anil Singhvi sums up commerce setup this morning:
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World: Damaging
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FII: Damaging
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DII: Optimistic
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F&O: Impartial
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Sentiment: Damaging
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Pattern: Damaging
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FII lengthy positions at 16 per cent vs 17 per cent earlier than Thursday’s session
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Nifty put-call ratio (PCR) at 0.98 vs 0.77
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Nifty Financial institution PCR at 0.97 vs 0.81
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Volatility index India VIX down three per cent at 13.31
The market wizard sees a better zone at 22,500-22,600 ranges and a powerful promote zone at 22,625-23,725 ranges for the 50-scrip benchmark.
For the banking index, he sees a better zone at 48,975-49,150 ranges and a powerful promote zone at 49,250-49,350 ranges.
ANIL SINGHVI MARKET STRATEGY
For present lengthy positions:
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Nifty intraday and shutting cease loss at 22,475
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Nifty Financial institution intraday cease loss at 48,275 and shutting cease loss at 48,500
For present quick positions:
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Nifty intraday and shutting cease loss at 22,625
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Nifty Financial institution intraday and shutting cease loss at 49,000
For brand spanking new positions in Nifty50:
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Promote Nifty with a cease loss at 22,625 for targets of twenty-two,400, 22,300, 22,235, 22,200 and 22,125
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Aggressive merchants should buy Nifty within the 22,200-22,300 vary with a strict cease loss at 22,100 for targets of twenty-two,400, 22,475, 22,525, 22,550 and 22,600
For brand spanking new positions in Nifty Financial institution:
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Aggressive merchants can promote Nifty Financial institution with a strict cease loss at 49,050 for targets of 48,550, 48,450, 48,275, 48,175, 48,075 and 47,850
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The perfect vary to purchase Nifty Financial institution is 47,850-48,075 with a cease loss at 47,700 for targets of 48,175, 48,275, 48,450, 48,525, 48,625 and 48,750
F&O Ban Replace
MARKET GURU ANIL SINGHVI SHARES STOCKS OF THE DAY
Promote Tata Motors shares within the money section for targets of Rs 638 and Rs 633 with a cease loss at Rs 657
- Concern of US President Donald Trump imposing tariffs
Promote Tech Mahindra shares within the spot marketplace for targets of Rs 1,570, Rs 1,550 and Rs 1,520 with a cease loss at Rs 1,620
Promote HCL Tech shares in money section for targets of Rs 1,615, Rs 1,595 and Rs 1,580 with a cease loss at Rs 1,645
- IT shares wanting weak
- Nasdaq fell 531 factors on Thursday
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