Anil Singhvi Market Strategy (Nov 11): 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 25,500-25,550 levels and a strong buy zone at 25,325-25,450 levels on Tuesday, November 11. He sees support for the Nifty Bank emerging at 57,525-57,725 levels and a strong buy zone at 57,250-57,450 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Neutral

• FII long positions unchanged at 13 per cent as before Monday's session

• Nifty put-call ratio (PCR) at 0.98 vs 0.93

• Nifty Bank PCR unchanged at 0.96

• Volatility index India VIX down 2 per cent at 12.30

Add Zee Business as a Preferred Source

For the 50-scrip index, the market wizard expects a higher zone at 25,650-25,725 levels and a strong sell zone at 25,750-25,875 levels.

For the Nifty Bank, he expects a higher zone at 58,125-58,250 levels and a strong sell zone at 58,325-58,475 levels.​

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

For existing long positions:

• Nifty intraday and closing stop loss at 25,450

• Nifty Bank intraday and closing stop loss at 57,500

For existing short positions:

• Nifty intraday and closing stop loss at 25,700

• Nifty Bank intraday and closing stop loss at 58,250

For new positions in Nifty50:

• Aggressive traders can buy Nifty in the 25,425-25,500 range with a strict stop loss at 25,300 for targets of 25,550, 25,575, 25,600, 25,650, 25,675, 25,725 and 25,750
• Aggressive traders can sell Nifty in the 25,650-25,800 range with a strict stop loss at 25,900 for targets of 25,600, 25,575, 25,500, 25,450, 25,425 and 25,325

• Aggressive traders can buy Nifty Bank in the 57,525-57,725 range with a strict stop loss at 57,400 for targets of 57,850, 57,925, 58,000, 58,100, 58,250 and 58,325
• Aggressive traders can sell Nifty Bank in the 58,100-58,325 range with a strict stop loss at 58,500 for targets of 58,000, 57,925, 57,875, 57,775, 57,650 and 57,525

• New in ban: SAIL
• Already in ban: None
• Out of ban: None