Anil Singhvi Market Strategy Today (September 1): 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 24,325-24,400 levels and a stronger support zone at 24,150-24,300 levels on Monday, September 1. For the Nifty Bank, the market wizard expects support at 53,350-53,500 followed by a stronger support area at 53,075-53,225 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Neutral

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 0.71 vs 0.75

• Nifty Bank PCR at 0.88 vs 0.96

• Volatility index India VIX down 3.5 per cent at 11.75

The market wizard expects a higher zone at 24,475-24,575 levels and a strong sell zone at 24,600-24,725 for the headline index.

For the banking index, he expects a higher zone at 53,900-54,075 levels and a strong sell zone at 54,375-54,450 levels.​

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

For existing long positions:

• Nifty intraday and closing stop loss at 24,300 

• Nifty Bank intraday and closing stop loss at 53,500

For existing short positions:

• Nifty intraday and closing stop loss at 24,600

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

For new positions in Nifty50:

No stock in F&O ban

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