Anil Singhvi Market Strategy Today (September 8): 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 24,500-24,575 levels on Monday, September 8. 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: Neutral

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII long positions at 7 per cent vs 8 per cent before Friday's session

• Nifty put-call ratio (PCR) at 0.87 vs 0.84

• Nifty Bank PCR at 0.89 vs 0.90

• Volatility index India VIX down 0.7 per cent at 10.78

The market wizard expects a higher zone at 24,825-24,950 levels and a profit-booking zone at 24,975-25,085 levels for the headline index.

For the banking index, he expects a higher zone at 54,300-54,450 levels and a profit-booking zone at 54,700-54,900 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 n Closing SL 24600

• Bank Nifty Intraday n Closing SL 53650

For existing short positions:

• Nifty Intraday n Closing SL 24850

• Bank Nifty Intraday n Closing SL 54450

For new positions in Nifty50:

Stock in F&O ban

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