Market Strategy Today (July 17): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

5 hours ago 1

Anil Singhvi Market Strategy Today (July 17, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,075-25,150 levels and a strong buy zone at 24,865-25,000 levels on Thursday, July 17. For the Nifty Bank, the market wizard expects support at 56,850-57,000 levels and a strong buy zone at 56,600-56,750 levels.

How market guru Anil Singhvi sums up trade setup:

Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive
FII long positions at 18 per cent vs 19 per cent before Wednesday's session
Nifty put-call ratio (PCR) at 0.91 vs 0.88
Nifty Bank PCR at 0.92 vs 0.90
Volatility index India VIX down 2 per cent at 11.24

The market wizard expects a higher zone at 25,325-25,400 levels and a strong sell zone at 25,425-25,550 levels for the headline index.

For the banking index, he expects a higher zone at 57,300-57,450 levels and a profit-booking zone at 57,500-57,625 levels.

What happened in the US?

Foreign media reports, citing White House sources, suggest Fed Chair Jerome Powell’s 'imminent' sacking
Reports cause havoc on Wall Street intraday
A recovery follows in the US markets following US President Donald Trump's clarification, saying: 'No plan to remove Fed Chairman'
Trump, however, has not denied the possibility of Powell’s removal

What Trump says on India

'Very close' to a trade deal
Talks are on between both sides
Will make a deal to gain access to Indian markets
The deal is only possible because of tariffs

How positive is Trump on a trade deal with India?

This marks Trump’s third positive remark on a potential deal with India
He may not stop without sealing a deal
Talks are moving in the right direction

Can FII outflows obstruct Dalal Street gains again?

Heavy FII selling on Wednesday
Selling across cash, stocks and index futures amounts to Rs 6,200 crore
Short-covering likely on Thursday due to weekly F&O expiry
FIIs hold just 18 per cent long positions in index futures

What should participants do in case of a weak opening on Dalal Street?

One may buy near key support levels and adopt a ‘buy on dips’ strategy
Nifty is unlikely to fall below the 25,000 mark
For Nifty Bank, key support appears to be placed at 56,600
A close above 25,350 for Nifty or 57,375 for Nifty Bank could trigger a rally
Tech Mahindra’s results may support Dalal Street
Even poor IT earnings are no longer weighing on the market
The only negative signal for the market right now is FII outflows
SBI’s QIP may keep the mood positive
Nifty Bank may take the market towards a lifetime high
IT and Nifty Bank look ready to support the market on Thursday

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

For existing long positions:

Nifty intraday stop loss at 25,000 and closing stop loss at 25,075
Nifty Bank intraday stop loss at 56,900 and closing stop loss at 56,750

For existing short positions:

Nifty intraday stop loss at 25,265 and closing stop loss at 25,350
Nifty Bank intraday stop loss at 57,375 and closing stop loss at 57,275

For new positions in Nifty50:

The best range to buy Nifty is 25,090-25,150 with a stop loss at 24,975 for targets of 25,200, 25,250, 25,325, 25,350, 25,400 and 25,425
The best range to sell Nifty is 25,325-25,450 with a stop loss at 25,550 for targets of 25,265, 25,215, 25,150, 25,125, 25,090 and 25,000

For new positions in Nifty Bank:

The best range to buy Nifty Bank is 56,850-57,000 with a stop loss at 56,600 for targets of 57,125, 57,200, 57,250, 57,300, 57,375 and 57,450
Aggressive traders can sell Nifty Bank in the 57,350-57,500 range with a strict stop loss at 57,650 for targets of 57,300, 57,250, 57,200, 57,150, 57,075 and 57,000