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. 

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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

Stocks in F&O ban

  • New in ban: Biocon, PNB
  • Out of ban: Bandhan Bank, Chambal Fertilisers
  • Already in ban: LIC Housing Finance, Birlasoft, GNFC, Granules India, Aarti Industries, Balrampur Chini, Hindustan Copper, RBL Bank

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