Anil Singhvi Market Strategy (December 5): How to trade Nifty 50, Nifty Bank as market awaits RBI verdict

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,850-25,935 and a strong buy zone at 25,700-25,825 levels on Friday, December 5, as Dalal Street participants await the outcome of the RBI's December MPC review, due at 10 am. He sees support for the Nifty Bank coming in at 58,925-59,125 levels and a strong buy zone at 58,650-58,825 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

• FII long positions at 13 per cent vs 14 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 1.02 vs 0.85

• Nifty Bank PCR at 0.94 vs 1.0

• Volatility index India VIX down 3.5 per cent at 10.81

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For the 50-scrip index, the market wizard expects a higher zone at 26,065-26,175 levels and a profit-booking zone at 26,200-26,325 levels.

For the banking index, he expects a higher zone at 59,525-59,750 levels and a strong sell zone at 59,850-60,100 levels.

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions:

• Nifty intraday stop loss at 25,800 and closing stop loss at 25,875
• Nifty Bank intraday and closing stop loss at 58,900

For existing short positions:

• Nifty intraday and closing stop loss at 26,225
• Nifty Bank intraday stop loss at 59,600 and closing stop loss at 59,750

For new positions in Nifty50:

• Aggressive traders can buy Nifty in the 25,850-25,935 range with a strict stop loss at 25,775 for targets of 26,000, 26,035, 26,100, 26,125, 26,175, 26,200 and 26,275

• Aggressive traders can sell Nifty in the 26,100-26,250 range with a strict stop loss at 26,325 for targets of 26,035, 26,000, 25,950, 25,900, 25,850 and 25,800

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 58,825-59,000 range with a strict stop loss at 58,650 for targets of 59,250, 59,350, 59,525, 59,600, 59,675 and 59,750

• Aggressive traders can sell Nifty Bank in the 59,600-59,850 range with a strict stop loss at 60,000 for targets of 59,350, 59,275, 59,150, 59,000, 58,925, 58,825 and 58,750

Stock in F&O ban

• New in ban: Bandhan Bank
• Already in ban: Sammaan Capital
• Out of ban: None