Anil Singhvi Market Strategy September 16: 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 25,235-25,300 levels and a strong buy zone at 25,125-25,200 levels on Monday, September 16. 

For the Nifty Bank, he expects support to come in at 51,650-51,775 levels and a strong buy zone at 51,425-51,575 levels.

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

• Global: Positive

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 67 per cent vs 66 per cent the previous day

• Nifty put-call ratio (PCR) at 1.33 vs 1.44

• Nifty Bank PCR at 1.13 vs 1.19

• India VIX down five per cent at 12.55

The market wizard sees a higher zone at 25,385-25,450 and a "blue-sky zone" above 25,500 for the headline index. 

For the banking index, he sees a higher zone at 52,175-52,350 levels and a profit-booking zone at 52,425-52,575 levels. 

MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 25,200
• Nifty Bank intraday and closing stop loss at 51,625

For existing short positions:

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

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 25,385, 25,425 and 25,475; above 25,500, one may hold their long positions with a trailing stop loss

• No sell signal till Nifty breaks below 25,200; aggressive traders may sell near 25,500 with a small and strict stop loss

For new positions in Nifty Bank: 

• The best range to buy Nifty Bank is 51,650-51,775 with a stop loss at 51,500 for targets of 51,875, 51,950, 52,075, 52,175, 52,275 and 52,350

• Aggressive traders can buy Nifty Bank with a strict stop loss at 51,750 for targets of 52,175, 52,275, 52,350, 52,425, 52,500 and 52,575

• Aggressive traders can sell Nifty Bank in the 52,425-52,575 range with a stop loss at 52,700 for targets of 52,350, 52,275, 52,175, 52,075, 52,000 and 51,950