Anil Singhvi Market Strategy Today (August 11): How to trade Nifty 50, Nifty Bank today? Key levels to track

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,275-24,335 and a strong buy zone at 24,050-24,200 levels on Monday, August 11. For the Nifty Bank, the market wizard expects support at 54,575-54,700 levels and a stronger support zone at 54,275-54,500 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

• FII long positions at 8 per cent vs 9 per cent before Friday's session

• Nifty put-call ratio (PCR) at 0.72 vs 1.11

• Nifty Bank PCR at 0.80 vs 0.89

• Volatility index India VIX up 3 per cent at 12.03

The market wizard expects a higher zone at 24,450-24,550 levels and a strong sell zone at 24,575-24,725 levels for the headline index.

For the banking index, he expects a higher zone at 55,200-55,350 levels and a profit-booking zone at 55,425-55,625 levels. 

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions:

• Nifty Intraday n Closing SL 24300

• Bank Nifty Intraday n Closing SL 54800

For existing short positions:

• Nifty Intraday n Closing SL 24650

• Bank Nifty Intraday n Closing SL 55650

For new positions in Nifty50:

Stocks in F&O ban

• New in ban: RBL Bank

• Already in ban: PNB Housing Finance

• Out of ban: None