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:
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:
For new positions in Nifty50:
-
Best range to Buy Nifty is 24625-24700: SL 24500 Tgt 24750, 24775, 24825, 24875, 24950, 24975
-
Aggressive Traders Sell Nifty in 24875-25000 range: Strict SL 25150 Tgt 24835, 24800, 24775, 24750, 24700, 24625
For new positions in Nifty Bank:
-
Aggressive Traders Buy Bank Nifty: Strict SL 53950 Tgt 54375, 54450, 54500, 54575, 54700, 54900
-
Aggressive Traders Sell Bank Nifty in 54450-54575 range: Strict SL 54700 Tgt 54375, 54300, 54200, 54150, 54075, 54000
Stock in F&O ban
- New in ban: RBL Bank
- Out of ban: None
- Already in ban: None
