Anil Singhvi Market Strategy September 13: 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 25,275-25,325 levels and a strong buy zone at 25,150-25,235 levels on Friday, September 13. 

For the Nifty Bank, he expects support to come in at 51,575-51,675 levels and a strong buy zone at 51,275-51,425 levels.

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

• Global: Positive

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 66 per cent vs 64 per cent the previous day

• Nifty put-call ratio (PCR) at 1.44 vs 0.88

• Nifty Bank PCR at 1.19 vs 0.85

• Volatility index India VIX down three per cent at 13.18

The market wizard sees a higher zone at 25,425-25,500 and a "blue-sky zone" above 25,525 for the headline index. 

For the banking index, he sees a higher zone at 51,950-52,075 levels and a profit-booking zone at 52,175-52,350 levels. 

MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 25,200
• Nifty Bank intraday and closing stop loss at 51,400

For existing short positions:

• Nifty intraday stop loss at 25,500 and closing stop loss at 25,400
• Nifty Bank intraday stop loss at 52,050 and closing stop loss at 51,800

For new positions in Nifty50:

• The best range to buy Nifty is 25,235-25,325 with a stop loss at 25,150 for targets of 25,375, 25,425, 25,475 and 25,500

• No immediate sell trigger in Nifty; sell only if it breaks below 25,125

For new positions in Nifty Bank: 

• The best range to buy Nifty Bank is 51,425-51,575 with a stop loss at 51,250 for targets of 51,675, 51,775, 51,875, 51,950, 52,075 and 52,175

• Sell Nifty Bank in the 52,175-52,350 range with a stop loss at 52,500 for targets of 52,075, 51,950, 51,875, 51,775, 51,700 and 51,575