Anil Singhvi Market Strategy Today (September 2): 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 24,425-24,500 levels and a strong buy zone at 24,325-24,400 levels on Tuesday, September 2. For the Nifty Bank, the market wizard expects support at 53,650-53,825 levels followed by a stronger support zone at 53,500-53,600 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Neutral

• FII: Neutral

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• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII long positions unchanged at 9 per cent as before Monday's session

• Nifty put-call ratio (PCR) at 1.14 vs 0.71 

• Nifty Bank PCR at 0.91 vs 0.88 

• Volatility index India VIX down 4 per cent at 11.29

The market wizard expects a higher zone at 24,700-24,800 levels and a strong sell zone at 24,850-24,950 for the headline index.

For the banking index, he expects a higher zone at 54,375-54,500 levels and a profit-booking zone at 54,575-54,700 levels.​

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

For existing long positions:

• Nifty intraday stop loss at 24,500 and closing stop loss at 24,400  

• Nifty Bank intraday and closing stop loss at 53,600

For existing short positions:

• Nifty intraday and closing stop loss at 24,725

• Nifty Bank intraday and closing stop loss at 54,500 

For new positions in Nifty50:

No stock in F&O ban

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