Market Strategy Today (July 30): 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 24,600-24,675 levels and a strong buy zone at 24,475-24,550 levels on Wednesday, July 30. For the Nifty Bank, the market wizard expects support at 24,880-24,965 levels and a strong sell zone at 25,000-25,085 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Cautious

• Trend: Neutral

• FII long positions at 13 per cent vs 15 per cent before Tuesday's session

• Nifty put-call ratio (PCR) at 0.80 vs 0.64

• Nifty Bank PCR unchanged at 0.69

• Volatility index India VIX down 5 per cent at 11.52

The market wizard expects a higher zone at 24,880-24,965 levels and a strong sell zone at 25,000-25,085 for the headline index.

For the banking index, he expects a higher zone at 56,425-56,575 levels and a profit-booking zone at 56,700-56,850 levels. 

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

For existing long positions: 

• Nifty intraday stop loss at 24,575 and closing stop loss at 24,650

• Nifty Bank intraday stop loss at 55,800 and closing stop loss at 56,000

For existing short positions:

• Nifty intraday stop loss at 24,900 and closing stop loss at 25,000

• Nifty Bank intraday stop loss at 56,600 and closing stop loss at 57,000

For new positions in Nifty50:

For new positions in Nifty Bank:

Stocks in F&O ban

• Already in ban: RBL Bank

• Out of ban: None

• New in ban: None