Anil Singhvi Market Strategy October 15: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,975-25,050 levels and a strong buy zone at 24,850-24,950 levels on Tuesday, October 15. 

For the Nifty Bank, he expects support at 51,525-51,675 levels and a strong buy zone at 51,225-51,475 levels.

Here's how the market guru sums up the trade setup this morning: 

• Global: Positive
• FII: Negative
• DII: Positive
• F&O: Neutral
• Sentiment: Neutral
• Trend: Neutral
• FII long positions at 35 per cent vs 36 per cent the previous day
• Nifty put-call ratio (PCR) at 0.90 vs 0.84
• Nifty Bank put-call ratio (PCR) at 1.00 vs 0.71
• Volatility index India VIX down 1 per cent at 13.09

The market wizard sees a higher zone for the headline index at 25,200-25,300 levels and a strong sell zone at 25,325-25,425 levels. 

For the banking index, he sees a higher zone at 51,950-52,075 levels and a profit-booking zone at 52,150-52,275 levels. 

MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 24,950
• Nifty Bank intraday and closing stop loss at 51,450

For existing short positions:

• Nifty intraday and closing stop loss at 25,250
• Nifty Bank intraday and closing stop loss at 52,000

For new positions in Nifty50:

• Buy Nifty with a stop loss at 24,950 for targets of 25,160, 25,225, 25,250, 25,300, 25,335 and 25,375
• Aggressive traders can sell Nifty in the 25,225-25,325 range with a strict stop loss at 25,425 for targets of 25,175, 25,125, 25,025, 25,000, 24,975 and 24,950

For new positions in Nifty Bank: 

• The best range to buy Nifty Bank is 51,475-51,675 with a stop loss at 51,200 for targets of 51,800, 51,875, 52,075, 52,150, 52,200 and 52,275
• Aggressive traders can sell Nifty Bank in the 52,075-52,275 range with a strict stop loss at 52,400 for targets of 51,950, 51,875, 51,800, 51,700, 51,575 and 51,500