Anil Singhvi Market Strategy Today (September 12): 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 24,875-24,975 levels and a strong buy zone at 24,750-24,850 levels on Friday, September 12. For the Nifty Bank, the market wizard expects support at 54,400-54,525 levels and a strong buy zone at 54,150-54,300 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII long positions at 11 per cent vs 10 per cent before Thursday's session 

• Nifty put-call ratio (PCR) at 1.17 vs 1.15 

• Nifty Bank PCR at 1.04 vs 1.01 

• Volatility index india VIX down 1.5 per cent at 10.36

The market wizard expects a higher zone at 25,050-25,150 levels and a profit-booking zone at 25,200-25,325 for the headline index.

For the banking index, he expects a higher zone at 54,900-55,150 levels and a profit-booking zone at 55,350-55,500 levels.​

ALSO READ: GST cuts to boost domestic consumption, help in tackling headwinds: Market guru Anil Singhvi

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

For existing long positions:

• Nifty intraday stop loss at 24900 and closing stop loss at 24750

• Nifty Bank intraday stop loss at 54300 and closing stop loss at 54075

For existing short positions:

• Nifty intraday and closing stop loss at 25150

• Nifty Bank intraday and closing stop loss at 55000

ALSO READ: India's 2nd largest IT firm to consider buyback this week—Its first in over 2 years

For new positions in Nifty50:

Stock in F&O ban

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