News

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,125-24,250 levels and a strong buy zone at 24,000-24,075 levels on Tuesday, April 29. For the Nifty Bank, Singhvi expects support at 55,100-55,300 levels and a strong buy zone at 54,475-54,675 levels.

Read on to learn about the market wizard's views for the day. 

Global: Positive

FII: Positive

DII: Positive

F&O: Neutral

Sentiment: Positive

Trend: Positive

FII long positions at 42 per cent vs 38 per cent before Monday's session

Nifty put-call ratio (PCR) at 1.22 vs 0.87

Nifty Bank PCR at 1.02 vs 1.03

Volatility index India VIX down 1.25 per cent at 16.94

The market wizard sees a higher zone at 24,435-24,550 levels and a profit-booking zone at 24,575-24,700 levels for the headline index.

For the banking index, he sees a higher zone at 55,550-55,650 levels and a profit-booking zone at 55,950-56,100 levels. 

For existing long positions: 

For existing short positions:

For new positions in Nifty50:

Best range to Buy Nifty is 24125-24250: SL 24000 Tgt 24350, 24400, 24435, 24465, 24500, 24550

Aggressive Traders Sell Nifty in 24500-24650 range: Strict SL 24750 Tgt 24435, 24400, 24350, 24325, 24250, 24200

For new positions in Nifty Bank:

Best range to Buy Bank Nifty is 55100-55350: SL 55000 Tgt 55425, 55575, 55650, 55950, 56075, Above 56100 in Blue Sky zone

Aggressive Traders Sell Bank Nifty in 55900-56100 range: Strict SL 56200 Tgt 55650, 55450, 55375, 55300, 55250, 55175

Stocks in F&O ban

Catch key stock market updates here. For all other news, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWS