Anil Singhvi Market Strategy Today (August 14): 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 24,535-24,585 levels and a strong buy zone at 24,350-24,465 levels on Thursday, August 14. For the Nifty Bank, the market wizard expects support at 54,900-55,025 levels and a stronger support zone at 54,575-54,700 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 1.08 vs 0.78

• Nifty Bank PCR at 0.75 vs 0.76

• Volatility index India VIX down 1 per cent at 12.14

The market wizard expects a higher zone at 24,665-24,765 levels and a strong sell zone at 24,800-24,900 levels for the headline index.

For the banking index, he expects a higher zone at 55,350-55,500 levels and a profit-booking zone at 55,575-55,650 levels. 

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

For existing long positions:

• Nifty Intraday SL 24465 n Closing SL 24365

• Bank Nifty Intraday n Closing SL 54800

For existing short positions:

• Nifty Intraday n Closing SL 24725

• Bank Nifty Intraday n Closing SL 55650

For new positions in Nifty50:

Stocks in F&O ban

• Already in ban: PG Electroplast, Titagarh Rail Systems, RBL Bank, PNB Housing Finance

• New in ban: None

• Out of ban: None