Anil Singhvi Market Strategy Today (September 10): 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 24,750-24,825 levels and a strong buy zone at 24,625-24,700 levels on Wednesday, September 10. For the Nifty Bank, the market wizard expects support at 54,000-54,150 levels and a strong buy zone at 53,600-53,750 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Positive

  Add Zee Business as a Preferred Source

  

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 1.13 vs 0.95

• Nifty Bank PCR at 0.94 vs 0.95

• Volatility index India VIX down 1.5 per cent at 10.68

The market wizard expects a higher zone at 24,950-25,050 levels and a profit-booking zone at 25,085-25,150 levels for the headline index.

For the banking index, he expects a higher zone at 54,350-54,500 levels and a profit-booking zone at 54,700-54,900 levels.​

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

For existing long positions:

• Nifty Intraday and Closing SL 24700

• Bank Nifty Intraday and Closing SL 54000

For existing short positions:

• Nifty Intraday and Closing SL 25000

• Bank Nifty Intraday and Closing SL 54550

For new positions in Nifty50:

Stock in F&O ban

• ​New in ban: RBL Bank
• Out of ban: None
• Already in ban: None