Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects help for the headline Nifty50 index to emerge at 25,950-26,025 ranges and a powerful purchase zone at 25,800-25,875 ranges on Monday, September 30.
For the Nifty Financial institution, he expects help to come back in at 53,350-53,500 ranges and a powerful purchase zone at 53,050-53,175 ranges.
This is how the market guru sums up the commerce setup this morning:
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World: Impartial
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FII: Optimistic
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DII: Optimistic
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F&O: Impartial
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Sentiment: Optimistic
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Pattern: Optimistic
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FII lengthy positions at 81 per cent vs 80 per cent the day past
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Nifty put-call ratio (PCR) at 1.16 vs 1.37
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Nifty Financial institution PCR at 0.74 vs 1.06
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Volatility index India VIX unchanged at 11.96
The market wizard sees the next zone for the headline index at 26,215-26,250 ranges and a profit-booking zone at 26,300-26,375 ranges. For the banking index, he expects the next zone at 53,975-54,100 ranges and a powerful promote zone at 54,200-54,375 ranges.
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MARKET STRATEGY
For present lengthy positions:
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Nifty intraday and shutting cease loss at 25,925
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Nifty Financial institution intraday and shutting cease loss at 53,700
For present brief positions:
- Nifty intraday and shutting cease loss at 26,250
- Nifty Financial institution intraday and shutting cease loss at 54,125
For brand new positions in Nifty50:
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One of the best vary to purchase Nifty is 25,950-26,050 with a cease loss at 25,850 for targets of 26,150, 26,175, 26,200, 26,250, 26,300 and 26,350
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One of the best vary to promote Nifty is 26,215-26,350 with a cease loss at 26,425 for targets of 26,175, 26,150, 26,050, 26,000 and 25,950
For brand new positions in Nifty Financial institution:
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One of the best vary to purchase Nifty Financial institution is 53,100-53,350 with a cease loss at 53,000 for targets of 53,500, 53,750, 53,800, 53,850, 53,900 and 53,975
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Aggressive merchants can promote Nifty Financial institution within the 53,975-54,100 vary with a strict cease loss at 54,200 for targets of 53,900, 53,850, 53,800, 53,750, 53,500 and 53,350
No inventory in F&O ban
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