Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects assist to emerge at 23,600-23,800 ranges and a robust purchase zone at 23,350-23,500 ranges for the headline Nifty50 index on Thursday, December 19. For the Nifty Financial institution, he expects assist at 51,300-51,475 ranges and a stronger assist zone at 50,975-51,175 ranges.
Here is how the market guru sums up the commerce setup this morning:
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International: Unfavourable
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FII: Unfavourable
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DII: Optimistic
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F&O: Impartial
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Sentiment: Unfavourable
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Development: Impartial
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FII lengthy positions at 35 per cent vs 36 per cent yesterday
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Nifty put-call ratio (PCR) at 0.55 vs 0.65
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Nifty Financial institution PCR at 0.52 vs 0.69
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Volatility index India down one per cent at 14.37
The market wizard sees a better zone for the headline index at 24,000-24,200 ranges.
For the banking index, he sees a better zone at 52,000-52,150 ranges.
ANIL SINGHVI MARKET STRATEGY
For current lengthy positions:
For current brief positions:
For brand spanking new positions in Nifty50:
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Promote Nifty:
SL 24050 Tgt 23925, 23875, 23800, 23675, 23600, 23550
For brand spanking new positions in Nifty Financial institution:
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Promote Financial institution Nifty:
SL 52000 Tgt 51775, 51675, 51500, 51350, 51175, 51100
Shares in F&O Ban
- New In Ban: NMDC
- Already In Ban: Bandhan Financial institution, PVR, Chambal Fert, Manappuram Fin, SAIL, Hind Copper, RBL Financial institution, Granules, NALCO
- Out Of Ban: None
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