Anil Singhvi Market Strategy Today (September 3): 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 24,425-24,525 levels and a stronger support zone at 24,325-24,400 levels on Wednesday, September 3. For the Nifty Bank, the market wizard expects support at 53,350-53,500 levels and a stronger support zone at 53,075-53,225 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Negative

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 0.99 vs 1.14  

• Nifty Bank PCR at 0.86 vs 0.91  

• Volatility index India VIX up 1 per cent at 11.40

The market wizard expects a higher zone at 24,625-24,700 levels and a strong sell zone at 24,750-24,850 for the headline index.

For the banking index, he expects a higher zone at 53,825-54,000 levels and a strong sell zone at 54,075-54,150 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 53,500

For existing short positions:

• Nifty intraday and closing stop loss at 24,775

• Nifty Bank intraday and closing stop loss at 54,200

For new positions in Nifty50:

No stock in F&O ban

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