Anil Singhvi Market Strategy September 18: 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 25,300-25,350 levels and a strong buy zone at 25,200-25,275 levels on Wednesday, September 18. 

For the Nifty Bank, he expects support to come in at 51,925-52,075 levels and a strong buy zone at 51,650-51,775 levels.

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

• Global: Neutral

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions unchanged at 68 per cent as the previous session

• Nifty put-call ratio (PCR) at 1.30 vs 1.26

• Nifty Bank PCR at 1.09 vs 1.16

• Volatility index India VIX up one per cent at 12.59

The market wizard sees a higher zone for the headline index at 25,450-25,500 levels  and a "blue-sky zone" above the 25,525 mark. 

For the banking index, he sees a higher zone at 52,275-52,425 levels and a profit-booking zone at 52,500-52,675 levels. 

MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 25,275

• Nifty Bank intraday stop loss at 51,900 and closing stop loss at 51,750

For existing short positions:

• Nifty intraday and closing stop loss at 25,525
• Nifty Bank intraday and closing stop loss at 52,500

For new positions in Nifty50:

• The best range to buy Nifty is 25,300-25,350 with a stop loss at 25,200 for targets of 25,385, 25,425, 25,450 and 25,500

• Aggressive traders can sell Nifty near the 25,500 mark with a strict stop loss at 25,550 for targets of 25,440, 25,385, 25,335, 25,300, 25,275 and 25,235

For new positions in Nifty Bank: 

• The best range to buy Nifty Bank is 51,775-51,925 with a stop loss at 51,700 for targets of 52,000, 52,075, 52,150, 52,200 and 52,275

• Aggressive traders can buy Nifty Bank with a strict stop loss at 51,900 for targets of 52,275, 52,350, 52,425, 52,500, 52,575 and 52,675

• Aggressive traders can sell Nifty Bank in the 52,425-52,575 range with a strict stop loss at 52,700 for targets of 52,350, 52,275, 52,200, 52,150, 52,025 and 51,925