Market Strategy Today (July 23): How to trade Nifty 50, Nifty Bank today? Key levels to track

11 hours ago 1

Anil Singhvi Market Strategy Today (July 23, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,925-25,000 levels and a strong buy zone at 24,750-24,865 levels on Wednesday, July 23. For the Nifty Bank, the market wizard expects support at 56,450-56,600 levels and a strong buy zone at 56,200-56,300 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 14 per cent vs 15 per cent before Tuesday's session
Nifty put-call ratio (PCR) at 0.83 vs 0.96
Nifty Bank PCR at 0.81 vs 0.88
Volatility index India VIX down 4 per cent at 10.75

The market wizard expects a higher zone at 25,100-25,175 levels and a profit-booking zone at 25,200-25,265 levels for the headline index.

For the banking index, he expects a higher zone at 56,900-57,075 levels and a strong sell zone at 57,150-57,300 levels.

What stood out in global markets?

S&P 500 is at a fresh lifetime closing high
Dow Jones has staged a strong recovery
Nasdaq has seen some profit-booking after after six straight record-breaking sessions

Mega US-Japan trade deal

US President Donald Trump announced a trade deal with Japan
Tariffs on Japanese imports to the US will drop from 25 per cent to 15 per cent
Japan to invest $550 billion in the US under the deal
Trump claims 90 per cent of the profits from this Japanese investment will go to the US

EDITOR’S TAKE

Trump has turned somewhat serious after the July 9 deadline
He seems to be busy finalising deals
No random provocative statements for now
This is what is driving a rally on Wall Street

India-UK free trade agreement coming soon

India-UK free trade agreement gets Cabinet approval
Prime Minister Narendra Modi leaving for the UK on Wednesday
PM to sign the free trade agreement with the UK
On May 6, both countries agreed on the FTA

What to make of largest FII & DII data

DIIs have increased buying over the past two days
Strong buying worth Rs 5,240 crore for the 12th consecutive session--their highest since June 23
FIIs are still not shifting to a buying stance
The market has been failing to sustain gains due to FII selling
However, DII buying is preventing breakdowns below range

Should you buy or sell if Dalal Street makes a gap-up start?

Resistance expected at 25,150-25,250, strong support at 24,865-25,000
One may book profits near the upper end of the range
Buy on intraday dips near the support zone
For Nifty Bank, book profits near 57,150-57,300
Nifty Bank has strong support at 56,200-56,300

Will strong results reignite a rally in midcap and smallcap shares?

Some selling in midcap stocks on Tuesday
All midcap earnings announced post-market hours were strong
A recovery is expected on Wednesday following two muted sessions
Some renewed action may also be witnessed in smallcap stocks

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

For existing long positions:

Nifty intraday and closing stop loss at 24,950
Nifty Bank intraday and closing stop loss at 56,600

For existing short positions:

Nifty intraday and closing stop loss at 25,200
Nifty Bank intraday and closing stop loss at 57,300

For new positions in Nifty50:

Aggressive traders can buy Nifty in the 24,900-25,000 range with a strict top loss at 24,800 for targets of 25,050, 25,100, 25,125, 25,150, 25,200 and 25,250
Aggressive traders can sell Nifty in the 25,150-25,250 range with a strict stop loss at 25,350 for targets of 25,100, 25,065, 25,035, 25,000, 24,925 and 24,875

For new positions in Nifty Bank:

Aggressive traders can buy Nifty Bank in the 56,200-56,300 range with a strict stop loss at 56,000 for targets of 56,475, 56,575, 56,700, 56,750, 56,825 and 56,950
Aggressive traders can sell Nifty Bank in the 57,000-57,200 range with a strict stop loss at 57,350 for targets of 56,900, 56,825, 56,750, 56,700, 56,600 and 56,300