Anil Singhvi Market Strategy September 3: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Here is what Zee Business Managing Editor Anil Singhvi makes of the market today.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 25,150-25,225 levels and a strong buy zone at 25,000-25,125 levels on Tuesday, September 3.

For the Nifty Bank, he expects support to come in at 51,150-51,300 levels and a stronger support zone at 50,925-51,075 levels.

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

Global: Neutral
FII: Positive
DII: Neutral
F&O: Neutral
Sentiment: Positive
Trend: Positive
FII long positions at 70 per cent vs 72 per cent the previous day
Nifty put-call ratio (PCR) at 1.18 vs 1.41
Nifty Bank PCR at 0.89 vs 0.92
India VIX up 5 per cent at 14.06

The market wizard sees a higher zone at 25,300-25,350 levels and a "blue-sky zone" above 25,350 with the next target near 25,500.

For the banking index, he sees a higher zone coming in at 51,575-51,650 levels and a profit-booking zone at 51,775-51,950 levels.

MARKET STRATEGY

For existing long positions:

Nifty intraday stop loss at 25,150 and closing stop loss at 25,000
Nifty Bank intraday stop loss at 51,250 and closing stop loss at 51,000

For existing short positions:

Nifty intraday and closing stop loss at 25,350
Nifty Bank intraday stop loss at 51,600 and closing stop loss at 51,500

For new positions in Nifty50:

The best range to buy Nifty is 25,150-25,225 with a stop loss at 25,000 for targets of 25,275, 25,300 and 25,325; above 25,350, participants may hold their long positions with a trailing stop loss
Only if Nifty50 breaks below 25,150, aggressive traders can sell with a strict stop loss at the life high for targets of 25,050, 25,000, 24,975, 24,950 and 24,875

For new positions in Nifty Bank:

The best range to buy Nifty Bank is 51,150-51,300 with a stop loss at 51,000 for targets of 51,350, 51,450, 51,575, 51,650, 51,775 and 51,875
Aggressive traders can sell Nifty Bank in the 51,575-51,775 range with a strict stop loss at 51,950 for targets of 51,500, 51,450, 51,350, 51,300, 51,250 and 51,150

Stocks in F&O ban