Anil Singhvi Market Strategy Today (September 4): 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 24,625-24,715 levels and a strong buy zone at 24,500-24,575 levels on Thursday, September 4. For the Nifty Bank, the market wizard expects support at 53,750-53,900 levels and a strong buy zone at 53,550-53,650 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Negative

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII long positions unchanged at 8 per cent as before Wednesday's session

• Nifty put-call ratio (PCR) at 1.21 vs 0.99

• Nifty Bank PCR at 0.93 vs 0.86

• Volatility index India VIX down 4 per cent at 10.93

The market wizard expects a higher zone at 24,850-24,975 levels and a profit-booking zone at 25,015-25,150 levels 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 54,700-54,900 levels.​

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

For existing long positions:

• Nifty Intraday and Closing stop loss at 24,525

• Bank Nifty Intraday n Closing stop loss at 53,550

For existing short positions:

• Nifty Intraday and Closing stop loss at 24,850

• Bank Nifty Intraday and Closing stop loss at 54,500

For new positions in Nifty50:

Stock in F&O ban

​New In Ban: RBL Bank

Out Of Ban: None

Already In Ban: None