Hey guys, I just caught Anil Singhvi’s latest market strategy for today, and it's pretty insightful! For the Nifty50, he's pinpointing support at 23,300-23,400, with a strong buy zone at 23,175-23,275. As for the Nifty Bank, support is at 51,225-51,400, and a solid buy range at 51,000-51,150.
If you’re holding long positions, keep an eye on Nifty's intraday stop loss at 23,375 and for the close at 23,250. For shorts, it's 23,700 intraday and 23,575 for the close. The Nifty Bank’s stop loss is 52,050 intraday and 51,800 for the close. For fresh trades, he's advising to sell Nifty with a stop loss at 23,675, targeting levels down to 23,265. Similarly, for Nifty Bank, sell with a stop loss at 52,000, aiming down to 50,800, but if you’re aggressive, buy in the 51,000-51,150 range for a bounce to 51,850.
On stock specifics, he suggests shorting Coromandel with a stop loss at Rs 1,565, targeting Rs 1,510. For TBO Tech, he’s bullish, recommending buys with a stop loss at Rs 1,570, targeting up to Rs 1,645.
So, lots of action points for today—seems like a mix of cautious optimism with some tactical plays!
