Anil Singhvi Market Strategy (Nov 13): 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 25,700-25,800 levels and a strong buy zone at 25,575-25,675 levels on Thursday, November 13. He sees support for the Nifty Bank emerging at 57,850-58,000 levels and a strong buy zone at 57,525-57,725 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Positive

• FII: Neutral

• DII: Positive

• F&O: Cautious

• Sentiment: Positive

• Trend: Positive

• FII long positions at 12 per cent vs 13 per cent before Wednesday's session

• Nifty put-call ratio (PCR) at 1.23 vs 1.10

• Nifty Bank PCR unchanged at 0.97

• Volatility index India VIX down 3 per cent at 12.11

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For the 50-scrip index, the market wizard expects a higher zone at 25,950-26,050 levels and a profit-booking zone at 26,100-26,175 levels.

For the Nifty Bank, he expects a higher zone at 58,475-58,575 levels and a "blue-sky zone" once it crosses the 58,600 mark.​

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

For existing long positions:

• Nifty intraday stop loss at 25,750 and closing stop loss at 25,675

• Nifty Bank intraday and closing stop loss at 57,850

For existing short positions:

• Nifty intraday stop loss at 26,050 and closing stop loss at 25,950

• Nifty Bank intraday stop loss at 58,600 and closing stop loss at 58,500

For new positions in Nifty50:

• The best range to buy Nifty is 25,700-25,800 with a stop loss at 25,575 for targets of 25,875, 25,925, 25,950, 26,000, 26,050 and 26,100
• Aggressive traders can sell Nifty in the 25,950-26,100 range with a strict stop loss at 26,200 for targets of 25,900, 25,875, 25,800, 25,775, 25,725 and 25,700

• The best range to buy Nifty Bank is 57,950-58,125 with a stop loss at 57,800 for targets of 58,250, 58,325, 58,375, 58,500 and 58,575; once above 58,600, the index will be in a blue-sky zone
• Aggressive traders can sell Nifty Bank in the 58,475-58,575 range with a strict stop loss at 58,650 for targets of 58,375, 58,300, 58,250, 58,175, 58,100 and 58,000

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