Anil Singhvi Market Strategy Today (September 9): 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 Tuesday, September 9. For the Nifty Bank, the market wizard expects support at 53,900-54,075 levels and a strong buy zone at 53,575-53,750 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

  Add Zee Business as a Preferred Source

  

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

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

• Nifty put-call ratio (PCR) at 0.95 vs 0.87

• Nifty Bank PCR at 0.95 vs 0.89

• Volatility index India VIX up 0.5 per cent at 10.83

The market wizard expects a higher zone at 24,825-24,900 levels and a profit-booking zone at 24,950-25,050 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.​

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 stop loss at 24,700 and closing stop loss at 24,600

• Nifty Bank intraday and closing stop loss at 53,950

For existing short positions:

• Nifty intraday and closing stop loss at 24,900

• Nifty Bank intraday and closing stop loss at 54,600

For new positions in Nifty50:

Stock in F&O ban

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