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Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects help to emerge at 24,175-24,275 ranges and a stronger help zone at 23,875-24,000 ranges for the headline Nifty50 index on Wednesday, December 18. For the Nifty Financial institution, he expects help at 52,375-52,550 ranges and a stronger help zone at 52,100-52,275 ranges.
Here is how the market guru sums up the commerce setup this morning:
International: Unfavorable
FII: Unfavorable
DII: Constructive
F&O: Cautious
Sentiment: Cautious
Pattern: Constructive
FII lengthy positions at 36 per cent vs 39 per cent earlier than Tuesday’s session
Nifty put-call ratio (PCR) at 0.65 vs 0.90
Nifty Financial institution PCR at 0.69 vs 0.91
Volatility index India VIX up 3.5 per cent at 14.49
The market wizard sees a better zone for the headline index at 24,450-24,550 ranges and a powerful promote zone at 24,575-24,700 ranges.
For the banking index, he sees a better zone at 53,150-53,300 ranges and a powerful promote zone at 53,400-53,650 ranges.
ANIL SINGHVI MARKET STRATEGY
For current lengthy positions:
Nifty intraday and shutting cease loss at 24,175
Nifty Financial institution intraday and closing cease loss at 52,250
For current quick positions:
Nifty intraday cease loss at 24,500 and shutting cease loss at 24,625
Nifty Financial institution intraday cease loss at 53,050 and shutting cease loss at 53,300
For brand new positions in Nifty50:
Aggressive merchants can promote Nifty within the 24,500-24,600 vary with a strict cease loss at 24,700 for targets of 24,465, 24,400, 24,335, 24,300, 24,275 and 24,175
Aggressive merchants should purchase Nifty within the 24,000-24,175 vary with a strict cease loss at 23,875 for targets of 24,275, 24,300, 24,325, 24,400, 24,465 and 24,500
For brand new positions in Nifty Financial institution:
Aggressive merchants can promote Nifty Financial institution within the 53,150-53,300 vary with a strict cease loss at 53,500 for targets of 53,000, 52,850, 52,725, 52,550, 52,450 and 52,275
Aggressive merchants should purchase Nifty Financial institution within the 52,275-52,450 vary with a strict cease loss at 52,100 for targets of 52,700, 52,825, 52,950, 53,025, 53,150 and 53,300
Shares in F&O Ban
New in ban: Bandhan Financial institution, PVR, Chambal Fert
Already in ban: Manappuram Fin, SAIL, NALCO, Hind Copper, RBL Financial institution, Granules
Out of ban: None
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