News

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,425-25,500 levels and a strong buy zone at 25,275-25,375 levels on Friday, October 17. For the Nifty Bank, the market wizard expects support at 56,925-57,050 levels and a strong buy zone at 56,625-56,800 levels.

Global: Neutral

FII: Positive

DII: Positive

F&O: Neutral

Sentiment: Positive

Trend: Positive

FII long positions at 14 per cent vs 8 per cent before Thursday's session

Nifty put-call ratio (PCR) at 1.38 vs 1.21

Nifty Bank PCR at 1.18 vs 1.10

Volatility index India VIX up 3 per cent at 10.87

The market wizard expects a higher zone at 25,600-25,670 levels and a profit-booking zone at 25,700-25,800 levels for the headline index.

For the banking index, he expects a higher zone at 57,525-57,650 levels and a "blue-sky zone" above the 57,700 mark.​

For existing long positions:

Nifty intraday stop loss at 25,450 and closing stop loss at 25,325

Nifty Bank intraday stop loss at 57,000 and closing stop loss at 56,800

For existing short positions:

Nifty intraday and closing stop loss at 25,700

Nifty Bank intraday and closing stop loss at 57,650

For new positions in Nifty50: