Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,475-24,600 levels and a strong buy zone at 24,335-24,425 levels on Tuesday, September 30.
For the Nifty Bank, the market wizard expects support at 54,000-54,150 levels and a stronger support zone at 53,750-53,900 levels.
How market guru Anil Singhvi sums up trade setup:
The market wizard expects a higher zone at 24,700-24,800 levels and a strong sell zone at 24,850-24,900 levels for the headline index.
For the banking index, he expects a higher zone at 54,700-54,900 levels and a strong sell zone at 54,975-55,150 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
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Nifty intraday and closing stop loss at 24,575
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Nifty Bank intraday and closing stop loss at 54,000
For existing short positions:
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Nifty intraday stop loss at 24,900 and closing stop loss at 24,800
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Nifty Bank intraday stop loss at 54,700 and closing stop loss at 55,000
For new positions in Nifty50:
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The best range to buy Nifty is 24,475-24,600 with a stop loss at 24,325 for targets of 24,650, 24,700, 24,800, 24,850, 24,875 and 24,900
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Aggressive traders can sell Nifty in the 24,775-24,900 range with a strict stop loss at 25,000 for targets of 24,700, 24,650, 24,600, 24,535, 24,500 and 24,425
For new positions in Nifty Bank:
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Aggressive traders can buy Nifty Bank in the 54,000-54,150 range with a strict stop loss at 53,875 for targets of 54,300, 54,375, 54,475, 54,675, 54,900 and 54,975
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Aggressive traders can sell Nifty Bank in the 54,700-54,900 range with a strict stop loss at 55,150 for targets of 54,475, 54,400, 54,325, 54,225, 54,150 and 54,000
Stock in F&O ban
- New in ban: Sammaan Capital
- Already in ban: RBL Bank
- Out of ban: None
