Anil Singhvi Market Strategy (Nov 19): 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 25,775-25,875 levels and a strong buy zone at 25,650-25,750 levels on Wednesday, November 19. He sees support for the Nifty Bank emerging at 58,400-58,625 levels and a strong buy zone at 58,050-58,250 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Negative

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

• FII long positions unchanged at 12 per cent as before Tuesday's session

• Nifty put-call ratio (PCR) at 1.02 vs 1.13

• Nifty Bank PCR at 1.16 vs 1.18

• Volatility index India VIX up 2.61 per cent at 12.10

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For the 50-scrip index, the market wizard expects a higher zone at 25,935-26,000 levels and a profit-booking zone at 26,025-26,100 levels.

For the Nifty Bank, he expects a higher zone at 59,000-59,150 levels, with the banking index set to be in a "blue-sky zone" once it's above the 59,150 mark.​

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 58,750 and closing stop loss at 58,500

For existing short positions:

• Nifty intraday and closing stop loss at 26,050

• Nifty Bank intraday stop loss at 59,150 and closing stop loss at 59,000

For new positions in Nifty50:

• The best range to buy Nifty is 25,750-25,850 with a stop loss at 25,650 for targets of 25,875, 25,910, 25,935, 26,000, 26,025 and 26,050
• The best range to sell Nifty is 25,975-26,100 with a stop loss at 26,150 for targets of 25,935, 25,910, 25,875, 25,850, 25,800, 25,775 and 25,715

• The best range to buy Nifty Bank is 58,400-58,625 with a stop loss at 58,250 for targets of 58,800, 58,900, 58,975 and 59,075; once above 59,150, Nifty Bank is set to be in a blue-sky zone; one may hold on to their long positions using trailing stop losses
• Alternatively, they may buy Nifty Bank on a confirmed breakout above 59,150 with a strict stop loss at 58,800 for bigger targets near 59,500 and 60,000
• Aggressive traders can sell Nifty Bank with a strict stop loss at 59,150 for targets of 58,625, 58,525, 58,400, 58,325, 58,250 and 58,125

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