Anil Singhvi Market Strategy Today (August 28): 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 24,535-24,650 levels and a strong buy zone at 24,365-24,500 levels on Thursday, August 28. For the Nifty Bank, the market wizard expects support to emerge at 54,175-54,375 levels followed by a stronger support zone at 53,900-54,100 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

• FII long positions at 14 per cent vs 13 per cent before Tuesday's session

• Nifty put-call ratio (PCR) at 0.72 vs 0.87

• Nifty Bank PCR at 0.54 vs 0.56

• Volatility index India VIX down 4 per cent at 12.19

The market wizard expects a higher zone at 24,800-24,900 levels and a strong sell zone at 24,925-25,015 levels for the headline index.

For the banking index, he expects a higher zone at 54,575-54,700 levels and a strong sell zone at 54,900-55,150 levels.​

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

For existing long positions:

• Nifty intraday and closing stop loss at 24,600 

• Nifty Bank intraday and closing stop loss at 54,350

For existing short positions:

• Nifty intraday stop loss at 24,850 and closing stop loss at 24,925

• Nifty Bank intraday stop loss at 54,700 and closing stop loss at 55,100

For new positions in Nifty50:

Stocks in F&O ban

• Out of ban: Titagarh

• Already in ban: RBL Bank 

• New in ban: None