Anil Singhvi Market Strategy (December 9): How to trade Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,825-25,900 levels and a stronger support zone at 25,675-25,800 levels on Tuesday, December 9. He sees support for the Nifty Bank emerging at 58,825-59,000 levels and a stronger support area at 58,525-58,750 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Positive

• Sentiment: Negative

• Trend: Positive

• FII long positions at 12 per cent vs 14 per cent before Monday's session

• Nifty put-call ratio (PCR) at 0.64 vs 1.22

• Nifty Bank PCR at 0.90 vs 1.08

• Volatility index India VIX up 7.85 per cent at 11.12

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For the 50-scrip index, the market wizard expects a higher zone at 26,000-26,065 levels and a strong sell zone at 26,100-26,200 levels.

For the banking index, he expects a higher zone at 59,425-59,600 levels and a strong sell zone at 59,675-59,800 levels.

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

For existing long positions:

• Nifty intraday and closing stop loss at 25,800
• Nifty Bank intraday stop loss at 59,000 and closing stop loss at 58,800

For existing short positions:

• Nifty intraday stop loss at 25,100 and closing stop loss at 25,200

• Nifty Bank intraday stop loss at 59,550 and closing stop loss at 59,800

For new positions in Nifty50:

• Aggressive traders can sell Nifty with a strict stop loss at 26,100 for targets of 25,900, 25,875, 25,850, 25,825, 25,775, 25,725 and 25,700

• Aggressive traders can buy Nifty in the 25,775-25,875 range with a strict stop loss at 25,675 for targets of 25,950, 26,000, 26,035, 26,065, 26,100 and 26,175

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank with a strict stop loss at 59,550 for targets of 59,050, 58,925, 58,825, 58,750, 58,650 and 58,525

• Aggressive traders can buy Nifty Bank in the 58,650-58,825 range with a strict stop loss at 58,500 for targets of 58,925, 59,000, 59,100, 59,250, 59,350 and 59,525

Stock in F&O ban

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