Business

Anil Singhvi’s Strategy October 21st: Nifty’s day support zone is 18,150-18,200 and Bank Nifty is 39,300-39,400.

In the positive global market, Future & Options (F & O), Negative Foreign Institutional Investors (FII), Domestic Institutional Investors (DII), cautious sentiment and clues, the short-term trend of the Indian stock market is 10 It will be positive on Thursday, 21st of March. , 2021.

The Domestic Equity Benchmark was revised in two consecutive sessions on Wednesday, October 20, 2021 and ended with a significant reduction. The Sensex was below 61,300 and the Nifty 50 was below 18,300. The S & P BSE Sensex fell 456.09 points (0.74%) to 61,259.96. The Nifty 50 Index fell 152.15 points (0.83 percent) to 18,266.60. The Bank Nifty Index also fell 22.30 points (0.06%) to 39,718.20.

See Zee Business Live TV Streaming below.

In the broader market, the S & P BSE MidCap index fell 1.91% to 25,914.53 and the S & P BSE SmallCap index fell 2.31% to 28,878.73.

Zee Business Editor-in-Chief Anil Singhvi’s October 21st Market Strategy:

It tends to change to neutral only when Nifty falls below the range of 17,950-18,050.

Nifty’s day support zone is 18,150-18,200, below which 17,950-18,050 is a powerful bizone.

Nifty’s daily high zone is 18,350-18,375, beyond which 18,425-18,475 becomes a powerful profit booking zone.

Bank Nifty’s day support zone is 39,300-39,400, below which 38,800-39,000 is a strong purchasing zone.

Bank Nifty’s daily high zone is 39,675-39,775, beyond which 39,900-40,000 becomes a powerful profit booking zone.

The small day range for trading at Nifty is 18,200-18,350, while the medium day range and large day range are 18,150-18,425 and 18,050-18,475, respectively.

The small day range for transactions on Bank Nifty is 39,300-39,675, while the medium day range and large day range are 39,000-39,775 and 38,800-39,950, respectively.

The FIIs index has long dropped from 68% to 69%.

PCR is oversold at 0.91 vs. 1.23, a short cover expected from low levels.

India VIX rose 5% at 18.31.

For existing long positions:

A nifty daytime and closing stop loss is 18,150.

Bank Nifty Intraday and Closing stop loss is 39,250.

For existing short positions:

A nifty daytime and closing stop loss is 18,500.

Bank Nifty Intraday and Closing stop loss is 40,000.

For new positions:

Buy Nifty in the range of 18,050-18,150 with a stop loss of 17,950 and target 18,200, 18,250, 18,350, 18,375.

Aggressive traders buy Nifty with an exact stop loss of 18,150 and target 18,350, 18,375, 18,425, 18,450, 18,475.

Nifty sells in the range of 18,425-18,475, with a stop loss of 18,550 and targets of 18,375, 18,350, 18,275, 18,200.

For new positions:

Buy Bank Nifty in the range 38,800-39,000, with a stop loss of 38,600 and targets of 39,275, 39,350, 39,400, 39,500.

Aggressive traders buy Bank Nifty with an exact stop loss of 39,250 and target 39,675, 39,775, 39,950 and 40,000.

Aggressive traders sell Bank Nifty in the range 39,800-39,950, with an exact stop loss of 40,050 and targets of 39,700, 39,600, 39,525, 39,400, 39,300.

F & O Ban Update:

2 New Banned Features: L & T Finance Holding, Tatapower

Not prohibited: BHEL

8 Already banned: IRCTC, SAIL, PNB, Escort, NALCO, Amara Raja, Vodafone Idea, Sun Tv

Today’s inventory:

Buy Indian Hotels Futures: Stop loss is 217 and targets are 228, 232 and 233. India allows international passengers from European countries.



Anil Singhvi's Strategy October 21st: Nifty's day support zone is 18,150-18,200 and Bank Nifty is 39,300-39,400.

Source link Anil Singhvi's Strategy October 21st: Nifty's day support zone is 18,150-18,200 and Bank Nifty is 39,300-39,400.

Related Articles

Back to top button