News

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,600-25,700 levels and a strong buy zone at 25,450-25,575 levels on Wednesday, November 12. He sees support for the Nifty Bank emerging at 57,850-58,000 levels and a strong buy zone at 57,525-57,725 levels.

Global: Positive

FII: Negative

DII: Positive

F&O: Neutral

Sentiment: Positive

Trend: Neutral

FII long positions unchanged at 13 per cent as beore Tuesday's session

Nifty put-call ratio (PCR) at 1.10 vs 0.98

Nifty Bank PCR at 0.97 vs 0.96

Volatility index India VIX up 1.5 per cent at 12.49

For the 50-scrip index, the market wizard expects a higher zone at 25,800-25,900 levels and a strong sell zone at 25,925-26,000 levels.

For the Nifty Bank, he expects a higher zone at 58,250-58,375 levels and a strong sell zone at 58,475-58,575 levels.​

For existing long positions:

Nifty intraday stop loss at 25,575 and closing stop loss at 25,500

Nifty Bank intraday stop loss at 57,850 and closing stop loss at 57,550

For existing short positions:

Nifty intraday and closing stop loss at 25,800

Nifty Bank intraday and closing stop loss at 58,250

For new positions in Nifty50: