Anil Singhvi Market Strategy October 1: 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 25,475-25,625 levels on Tuesday, October 1.

For the Nifty Bank, he expects support to come in at 52,425-52,575 levels and a strong buy zone at 52,075-52,275. 

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: Positive
• FII long positions unchanged at 81 per cent as the previous day
• Nifty put-call ratio (PCR) at 0.84 vs 1.16
• Nifty Bank PCR at 0.62 vs 0.74
• Volatility index India VIX up 7 per cent at 12.79

The market wizard sees a higher zone for the headline index at 25,875-25,940 levels and a profit-booking zone at 26,000-26,025 levels. 

For the banking index, he expects a higher zone at 53,100-53,350 and a strong zone at 53,750-53,900 levels. 

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MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 25,750
• Nifty Bank intraday and closing stop loss at 52,700

For existing short positions:

• Nifty intraday and closing stop loss at 26,050
• Nifty Bank intraday and closing stop loss at 53,400

For new positions in Nifty50:

• Aggressive traders can sell Nifty in the 25,940-26,025 range with a strict stop loss at 26,075 for targets of 25,875, 25,850, 25,800, 25,775 and 25,625; the best range to buy Nifty is 25,475-25,625 with a stop loss at 25,400 for targets 25,775, 25,800, 25,850, 25,875 and 25,940
• Aggressive traders can buy Nifty with a strict stop loss at 25,750 for targets of 25,850, 25,875, 25,940, 26,000, 26,025 and 26,150

For new positions in Nifty Bank: 

• The best range to sell Nifty Bank is 53,750-53,900 with a stop loss at 54,050 for targets of 53,500, 53,350, 53,175, 53,100 and 53,025
• Aggressive traders can sell Nifty Bank near 53,350 with a strict stop loss at 53,400 for targets of 53,175, 53,100, 53,000, 52,925, 52,850 and 52,750
• Aggressive traders can buy Nifty Bank in 52,425-52,575 range with a strict stop loss at 52,350 for targets of 52,750, 52,850, 52,925, 52,975, 53,100 and 53,350