Anil Singhvi Market Strategy Today (September 5): 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 24,625-24,700 levels and a strong buy zone at 24,475-24,575 levels on Friday, September 5. For the Nifty Bank, the market wizard expects support at 53,750-53,900 levels and a stronger support zone at 53,550-53,650 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 0.84 vs 1.21

• Nifty Bank PCR at 0.90 vs 0.93

• Volatility index India VIX down 1 per cent at 10.85

The market wizard expects a higher zone at 24,850-24,950 levels and a strong sell zone at 24,975-25,085 for the headline index.

For the banking index, he expects a higher zone at 54,375-54,450 levels and a profit-booking zone at 54,575-54,700 levels.​

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

For existing long positions:

• Nifty intraday and closing stop loss at 24,675

• Nifty Bank intraday stop loss at 53,900 and closing stop loss at 53,650

For existing short positions:

• Nifty intraday stop loss at 25,000 and closing stop loss at 24,850

• Nifty Bank 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