Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,850-24,925 levels and a strong buy zone at 24,700-24,800 levels on Thursday, October 17. For the Nifty Bank, he expects support at 51,525-51,675 levels and a stronger support zone at 51,350-51,475 levels. Global: Positive FII: Negative DII: Positive F&O: Neutral Sentiment: Neutral Trend: Neutral FII long positions at 33 per cent vs 35 per cent the previous day Nifty put-call ratio (PCR) at 0.74 vs 0.77 Nifty Bank PCR at 1.00 vs 0.92 Volatility index India VIX unchanged at 13.05 The market wizard sees a higher zone for the headline index at 25,050-25,125 levels and a profit-booking zone at 25,150-25,250 levels. For the banking index, he sees a higher zone at 52,025-52,150 levels and a profit-booking zone at 52,200-52,350 levels. For existing long positions : Nifty intraday and closing stop loss at 24,875 Nifty Bank intraday and closing stop loss at 51,450 For existing short positions : Nifty intraday and closing stop loss at 25,150 Nifty Bank intraday and closing stop loss at 52,100 For new positions in Nifty50 : The best range to buy Nifty is 24,800-24,925 with a stop loss at 24,700 for targets of 24,975, 25,000, 25,050, 25,125, 25,150 and 25,200 The best range to sell Nifty is 25,125-25,225 with a stop loss at 25,300 for targets of 25,050, 25,000, 24,975, 24,925, 24,850 and 24,800 For new positions in Nifty Bank : The best range to buy Nifty Bank is 51,425-51,575 with a stop loss at 51,300 for targets of 51,675, 51,800, 51,900, 52,000, 52,075 and 52,175 Aggressive traders can sell Nifty Bank in the 52,075-52,275 range with a strict stop loss at 52,400 for targets of 52,000, 51,900, 51,800, 51,700, 51,575 and 51,525 Stocks in F&O ban Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit . 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 Business Twitter and Facebook . Subscribe on YouTube . None
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