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

Anil Singhvi Market Strategy, Nifty50, Nifty Bank Today: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 25,625-25,725 levels and a strong buy zone at 25,375-25,500 levels on Thursday, October 3. For the Nifty Bank, he expects support to come in at 52,425-52,575 levels and a strong buy zone at 52,075-52,275 levels. 

The market wizard sees a higher zone for the headline index at 25,875-25,940 levels and a profit-booking zone at 26,000-26,025 levels. He expects higher zones at 25,800-25,875 and 53,100-53,225 levels and sell zones at 25,940-26,025 and 53,350-53,500 for the Nifty50 and the Nifty Bank, respectively. 

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

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Cautious

• Trend: Positive

• FII long positions at 79 per cent vs 81 per cent in the previous session

• Nifty put-call ratio (PCR) at 0.83 vs 0.84

• Nifty Bank PCR at 0.78 vs 0.62

• India VIX down 6 per cent at 11.99

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MARKET STRATEGY 

For existing long positions:

• Nifty intraday and closing stop loss at 25,725
• Nifty Bank intraday and closing stop loss at 52,700

For existing short positions:

• Nifty intraday and closing stop loss at 26,050
• Nifty Bank intraday and closing stop loss at 53,400

For new positions in Nifty50:

• Aggressive traders can sell Nifty with a strict stop loss at 25,925 for targets of 25,750, 25,625, 25,480, 25,425 and 25,375
• The best range to buy Nifty is 25,475-25,625 with a stop loss at 25,400 for targets of 25,725, 25,775, 25,800, 25,850, 25,900 and 25,940

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank with a strict stop loss at 53,350 for targets of 52,675, 52,575, 52,500, 52,425, 52,275 and 52,200
• Aggressive traders can buy Nifty Bank in the 52,275-52,500 range with a strict stop loss at 52,075 for targets of 52,750, 52,825, 52,925, 52,975, 53,100 and 53,225