Anil Singhvi Market Technique: Zee Enterprise Managing Editor Anil Singhvi expects help for the headline Nifty50 index to emerge at 25,275-25,335 ranges and a robust purchase zone at 25,150-25,235 ranges on Tuesday, September 17.
For the Nifty Financial institution, he expects help to come back in at 51,775-51,925 ranges and a robust purchase zone at 51,500-51,650 ranges.
This is how the market guru sums up the commerce setup this morning:
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International: Constructive
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FII: Unfavorable
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DII: Constructive
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F&O: Impartial
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Sentiment: Constructive
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Pattern: Constructive
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FII lengthy positions at 68 per cent vs 67 per cent the day past
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Nifty put-call ratio (PCR) at 1.26 vs 1.33
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Nifty Financial institution PCR at 1.16 vs 1.13
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India VIX unchanged at 12.46
The market wizard sees the next zone for the headline index at 25,430-25,475 ranges and a “blue-sky zone” above the 25,500 mark.
For the banking index, he sees the next zone at 52,275-52,425 ranges and a robust promote zone at 52,500-52,675 ranges.
MARKET STRATEGY
For present lengthy positions:
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Nifty intraday and shutting cease loss at 25,275
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Nifty Financial institution intraday cease loss at 51,900 and shutting cease loss at 51,750
For present brief positions:
- Nifty intraday cease loss at 25,500 and shutting cease loss at 25,400
- Nifty Financial institution intraday cease loss at 52,500 and shutting cease loss at 52,225
For brand new positions in Nifty50:
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One of the best vary to purchase Nifty is 25,200-25,300 with a cease loss at 25,150 for targets of 25,335, 25,385, 25,430, 25,475 and 25,500
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Aggressive merchants can promote Nifty within the 25,440-25,500 vary with a strict cease loss at 25,550 for targets of 25,385, 25,335, 25,300, 25,275, 25,235 and 25,200
For brand new positions in Nifty Financial institution:
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One of the best vary to purchase Nifty Financial institution is 51,775-51,925 with a cease loss at 51,700 for targets of 52,000, 52,075, 52,150, 52,200, 52,275 and 52,350
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Aggressive merchants should purchase Nifty Financial institution with a strict cease loss at 51,900 for targets of 52,200, 52,275, 52,350, 52,425, 52,500 and 52,575
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Aggressive merchants can promote Nifty Financial institution within the 52,350-52,500 vary with a strict cease loss at 52,600 for targets of 52,275, 52,200, 52,150, 52,025, 51,950, 51,875 and 51,775
Shares in F&O ban
- New in ban: LIC Housing Finance, Birlasoft, GNFC
- Already in ban: Granules India, Aarti Industries, Balrampur Chini, Hindustan Copper, RBL Financial institution, Bandhan Financial institution, Chambal Fertilisers
- Out of ban: None
Inventory of the Day
Purchase Samvardhan Motherson futures close to Rs 190 for targets of Rs 199 and Rs 202 with a cease loss at Rs 184
- QIP opened on Monday at a flooring value of Rs 188.85/share
- Count on good response to QIP
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