Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the major Nifty50 index to emerge at 22,350-22,400 levels and a strong buy zone to emerge at 22,250-22,325 levels on Tuesday, May 7. Masu.. For Nifty Bank, he expects support at 48,650-48,800 levels followed by a stronger support zone at 48,425-48,575 levels.
Anil Singhvi summarizes how the market works:
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Global: Positive
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FII: Negative
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DII: Positive
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F&O: Neutral
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Emotion: Neutral
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Trend: Positive
He expects the headline index's rising zone to be at the 22,500-22,565 level and the profit-taking zone at the 22,600-22,650 level. For the banking index, he expects the 49,125-49,250 level to be an uptrend zone and the 49,400-49,600 level to be a profit-taking zone.
Anil Singhvi's Market Strategy
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45% long on FII index, 44% yesterday
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Nifty put call ratio (PCR) is 0.85 vs 0.89
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Nifty Bank PCR is 0.66 vs. 0.68.
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Volatility index India VIX rose 13.5% to 16.60
For existing long positions:
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A nifty intraday stop loss and closing price stop loss is 22,325
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Nifty Bank Intraday Stop Loss 48,650
For existing short positions:
- A nifty intraday and closing price stop loss is 22,600
- Nifty Bank Intraday Stop Loss 49,300
Here are the new positions on Nifty:
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The best range to buy Nifty is 22,325 to 22,400 and if the targets are 22,450, 22,500, 22,550, 22,570, 22,600 then the stop loss is 22,250.
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Sell Nifty with a stop loss of 22,725 in the range 22,575 to 22,650 against targets of 22,500, 22,475, 22,450, 22,415, 22,375, 22,350.
The new positions of Nifty Bank are as follows:
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Aggressive traders can buy Nifty Bank in the 48,650-48,800 range with strict stop loss at 48,475 against targets of 48,900, 48,975, 49,050, 49,125, 49,250, 49,400.
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Aggressive traders can sell Nifty Bank in the 49,250-49,400 range with strict stop loss at 49,625 against targets of 49,125, 49,050, 48,975, 48,925, 48,800, 48,650.
Eating and drinking prohibited update
- New ban: SAIL
- Already banned: Balrampur Chini, GMR Airports, AB Fashion, Vodafone Idea, Biocon
- Not prohibited: None
Review of results
godrej consumer products
- Buy Godrej Consumer Products futures with a stop loss of Rs 1,210 and targets at Rs 1,265 and Rs 1,280.
- Much better results than estimated
- Volume growth was strong at 12%, the highest in the sector
- Losses from special items 2,375 billion rupees
- Very strong operational performance
gujrat gas
- Buy Gujrat gas futures with stop loss of Rs 542 against targets of Rs 558 and Rs 565
- Get better results than expected
- Strong operational performance
Lupin
- Lupine futures are supported at Rs 1,655 and Rs 1,637, with further levels at Rs 1,715 and Rs 1,730.
- Strong operational performance
- Profit is expected to be secured with the start of gap up
- Management is confident in FY25
today's stock
Buy Marico futures with stop loss of Rs 526 against targets of Rs 540, Rs 545 and Rs 552
- Results were announced during market hours on Monday.
- comments are very powerful
Buy HPCL futures with stop loss of Rs 507 against targets of Rs 528, Rs 534 and Rs 540
- Crude oil trading falls
- BPCL and HPCL to consider issuing bonus on May 9th
Buy Titagarh Wagons stock with stop loss of Rs 1,020 and target price of Rs 1,060 and Rs 1,075.
- Morgan Stanley launches coverage with 'overweight' rating and target amount of Rs 1,285
- Railway stocks look very strong
Buy Hindalco futures with a stop loss of Rs 637 and targets at Rs 654 and Rs 660.
- Novalis strong performance in the fourth quarter
- Jefferies raises target to Rs 810 from Rs 700 and maintains 'buy' rating
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