Anil Singhvi’s Market Strategy for January 2, 2025: Key levels to follow in Nify50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,575-23,650 levels and a strong support zone at 23,450-23,525 levels on the Nifty50 headline index on Thursday, January 2. On Nifty Bank, he expects support at 50,725- 50,875 and a strong support zone 50,475-50,600 levels.
Here’s how the market guru summed up the trade setup this morning:
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Global: Neutral
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FII: Bad
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DII: Good
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F&O: Neutral
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Feeling: Neutral
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Trend: Neutral
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Long FII positions were unchanged at 14 percent as on the previous day
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Nifty put-call ratio (PCR) at 1.06 vs 0.99
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Nifty Bank PCR at 0.93 vs 0.88
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India VIX rose 0.5 percent to 14.51
The market wizard sees a high point for the headline index at 23,800-23,870 levels and a profit-booking point at 23,925-24,050 levels. For the bank index, you see a high point at 51,250-51,400 levels and a profit booking point at 51,575-51,750 levels.
ANIL SINGHVI MARKET STRATEGIES
For existing long positions:
For existing short positions:
For new positions in Nifty50:
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Best range to buy Nifty is 23525-23650:
SL 23450 Tgt 23725, 23750, 23800, 23825, 23850, 23925 -
Aggressive Traders Sell Nifty in 23825-23925 range:
Strict SL 24050 Tgt 23750, 23725, 23650, 23575, 23525, 23475
For new positions in Nifty Bank:
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The best range to buy Bank Nifty is 49800-50075:
SL 49700 Tgt 50450, 50600, 50700, 50775, 50850, 50950 -
Aggressive Sellers Buy Bank Nifty in 50600-50750 range:
Strict SL 50450 Tgt 50950, 51050, 51125, 51250, 51325, 51400 -
Aggressive Traders Sell Bank Nifty in 51425-51625 range:
Strict SL 51775 Tgt 51325, 51250, 51175, 51050, 50950, 50875, 50725
Stocks on F&O ban .
- New in the ban: Manappuram funds
- Without restriction: None
- Already banned: None
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