Market Strategy by Anil Singhvi December 19: Key levels to watch in Nify50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support to emerge at 23,600-23,800 levels and a strong buy zone at 23,350-23,500 levels on the Nifty50 headline index on Thursday, December 19. For Nifty Bank, he expects support at 51,300- 51,47 and a strong support area 50,975-51,175 levels.

Here’s how the market guru summed up the trade setup this morning:

• Global: Bad

• FII: Bad

• DII: Good

• F&O: Neutral

• Feeling: Bad

• Trend: Neutral

• Long FII positions at 35 percent compared to 36 percent the previous day

• Nifty put-call ratio (PCR) at 0.55 vs 0.65

• Nifty Bank PCR at 0.52 vs 0.69

• The Volatility India index was down one percent at 14.37

The market wizard sees a high point for the title indicator at 24,000-24,200 levels.

With the bank index, you see a high point at 52,000-52,150 levels.

ANIL SINGHVI MARKET STRATEGIES

For existing long positions:

• Nifty intraday and closing loss at 23,850

• Nifty Bank intraday and closing loss at 51,100

For existing short positions:

• Nifty intraday and closing loss at 24,200

• Nifty Bank intraday and closing loss at 52,150

For new positions in Nifty50:

• Sell ​​Nifty with stop loss at 24,050 with targets of 23,925, 23,875, 23,800, 23,675, 23,600 and 23,550

For new positions in Nifty Bank:

• Sell ​​Nifty Bank with stop loss at 52,000 with targets of 51,775, 51,675, 51,500, 51,350, 51,175 and 51,100.

Shares in F&O Ban .

• New ban: NMDC
• Already banned: Bandhan Bank, PVR, Chambal Fertiliser, Manappuram Finance, SAIL, Hindustan Copper, RBL Bank, Granules India, NALCO
• Without restriction: None

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