Anil Singhvi Market Strategy Today (August 26): 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 24,850-24,925 levels and a stronger support zone at 24,650-24,800 levels on Tuesday, August 26. For the Nifty Bank, the market wizard expects support to emerge at 54,900-55,050 levels and a stronger support zone at 54,575-54,700 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Negative

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

• FII long positions at 13 per cent vs 11 per cent before Monday's session

• Nifty put-call ratio (PCR) at 0.87 vs 0.73

• Nifty Bank PCR at 0.56 vs 0.59

• Volatility index India VIX unchanged at 11.76

The market wizard expects a higher zone at 25,015-25,085 levels and a strong sell zone at 25,150-25,250 levels for the headline index.

For the banking index, he expects a higher zone at 55,300-55,500 levels and a strong sell zone at 55,550-55,750 levels.​

Trump Tariff Turmoil | Dalal Street gearing up for a crash?

• Tariffs were already known; only the official notification has come now
• A deferment in tariffs would have been a surprise
• Now that they are imposed, a mild reaction might occur
• The last time when such news came, the market did not take a major hit
• Some sectors will be impacted, such as auto ancillaries, gems and jewellery, electronics, shrimp and textiles

Additional 25% tariff imposed, taking total duty on India to 50%... What next?

• US President Donald Trump has done what he wanted to do
• Now the entire focus shifts to market reaction in India
• There's a golden chance to bring big reforms
• The tariff issue will settle in a few weeks or months
• However, the impact of reforms will remain permanent
• The economy is still benefiting from reforms taken during the pandemic
• PM Narendra Modi has a strong intent towards reforms
• This can be a great opportunity to turn crisis into opportunity

Do markets rally during 'Ganeshotsav'?

• Typically, Dalal Street stages strong moves during Ganeshotsav
• In the past 6 years, Nifty rose in 4 years and Nifty Bank in 5 years
• The only exception was in 2023 
• It is good that the tariff news came before Ganeshotsav
• Regardless of where the market closes on Tuesday, the risk of a fall during Ganeshotsav will reduce

Dalal Street during Ganeshotsav

Here's a brief history of Nifty50 and Nifty Bank moves during Ganeshotsav in the past few years:

Key levels to track in Nifty50 and Nifty Bank

• After 24,850, the next major support for the Nifty50 is in the 24,475-24,635 range
• Since August 18, Nifty will attempt to fill the big gap at 24,631
• Nifty above 25,100, Nifty Bank above 55,750 will be safe
• Nifty traded within Friday’s range, searching for direction
• Nifty in a tight 500-point range for six days
• Nifty Bank took support at 100-day exponential moving average (EMA) of 55,026 for the 8th day in a row
• Nifty IT index at a one-month high
• FII index futures long positions at a one-month high of 13.42 per cent
• Crude oil at a three-week high 
• Rupee at a 10-day low vs dollar

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

For existing long positions:

• Nifty intraday stop loss at 24,800 and closing stop loss at 24,850

• Nifty Bank intraday stop loss at 54,850 and closing stop loss at 55,000

For existing short positions:

• Nifty intraday and closing stop loss at 25,100

• Nifty Bank intraday stop loss at 55,350 and closing stop loss at 55,550

For new positions in Nifty50:

Stocks in F&O ban

• Out of ban: PG Electro

• Already in ban: RBL Bank, Titagarh 

• New in ban: None

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