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Anil Singhvi’s Strategy on August 19: Amid neutral global markets, negative Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be positive on Friday, said Zee Business Managing Editor Anil Singhvi.
Earlier, the benchmark indices Sensex and Nifty50 each closed flat with positive bias on Thursday. Sensex ended 37.87 points or 0.06 per cent up at 60,298.00, Nifty ended 12.25 points or 0.07 per cent higher at 17,956.50.
Anil Singhvi Singhvi’s strategy on Nifty, Bank Nifty on August 18
Nifty support zone 17825-17850, Below that 17700-17775 Strong Buy zone
Nifty higher zone 17975-18050, Above that 18100-18175 Profit booking zone
Bank Nifty support zone 39250-39450, Below that 39050-39200 Strong Buy zone
Bank Nifty higher zone 39850-39950, Above that 40050-40150 Profit booking zone
Nifty support levels 17900, 17850, 17825, 17800, 17775, 17725, 17700
Nifty higher levels 17975, 18000, 18050, 18100, 18125, 18175, 18200
Bank Nifty support levels 39575, 39475, 39325, 39250, 39200, 39125, 39050
Bank Nifty higher levels 39700, 39750, 39850, 39950, 40050, 40150, 40200
FIIs Index Long at 53% Vs 58%
PCR still higher at 1.36 Vs 1.40, Profit booking expected at higher levels
India VIX down by 2% at 17.35
For Existing Long Positions:
Nifty Intraday n Closing SL 17800
BankNifty Intraday SL 39450 n Closing SL 39250
For Existing Short Positions:
Nifty Intraday SL 18050 n Closing SL 18000
BankNifty Intraday SL 39750 n Closing SL 39650
For New Positions:
Buy Nifty in 17775-17850 range:
SL 17700 Tgt 17900, 17950, 17975, 18000, 18050, 18100, 18125
Aggressive Traders Sell Nifty:
Strict SL 18050 Tgt 17900, 17850, 17825, 17800, 17775, 17725, 17700
For New Positions:
Buy BankNifty in 39200-39450 range:
SL 39000 Tgt 39500, 39575, 39650, 39700, 39750, 39850, 39950
Aggressive Traders Sell BankNifty in 39950-40150 range:
Strict SL 40200 Tgt 39850, 39750, 39700, 39650, 39500, 39450, 39250, 39200
F&O Ban Update:
Out Of Ban: Tata Chemicals
Already In Ban: Balrampur Chini, Delta Corp
New In Ban: Nil
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