Anil Singhvi Market Strategy (October 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 25,100-25,200 levels and a strong buy zone at 25,000-25,075 levels on Monday, October 13.

For the Nifty Bank, the market wizard expects support at 56,150-56,300 levels and a strong buy zone at 55,850-56,025 levels.

How market guru Anil Singhvi sums up trade setup:

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• Global: Negative

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 8 per cent vs 7 per cent before Friday's session

• Nifty put-call ratio (PCR) at 1.32 vs 1.06

• Nifty Bank PCR at 1.14 vs 1.08

• Volatility VIX unchanged at 10.10

The market wizard expects a higher zone at 25,325-25,425 levels and a strong sell zone at 25,450-25,600 levels for the headline index.

For the banking index, he expects a higher zone at 56,750-56,900 levels and a profit-booking zoe at 56,975-57,150 levels.​

What exactly does Donald Trump want? Can tariff war impact India?

• The US president is not only being difficult, but also becomes impossible to understand at times
• Sometimes his statements give the impression that he's not sure what he wants to say or do next
• It feels like he enjoys shaking up the markets
• The overheated US markets have been given a sharp jolt and are now cooling off

How much will the tariff war impact India?

• India isn’t directly on the target list
• But the uncertainty around the tariff war is bad for everyone
• The sharp reaction in US markets is negative for overall sentiment
• There are some signs of improving ties with India
• Such statements also help restore a bit of confidence for us
• Solutions usually emerge only after the fight reaches its peak

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

For existing long positions:

• Nifty intraday stop loss at 25,150 and closing stop loss at 25,075

• Nifty Bank intraday stop loss at 56,150 and closing stop loss at 56,000

For existing short positions:

• Nifty intraday and closing stop loss at 25,350

• Nifty Bank intraday and closing stop loss at 56,850

For new positions in Nifty50:

• The best range to buy Nifty is 25,075-25,200 with a stop loss at 25,000 for targets of 25,275, 25,325, 25,350, 25,425, 25,450 and 25,500
• Aggressive traders can sell Nifty in the 25,325-25,450 range with a strict stop loss at 25,500 for targets of 25,275, 25,225, 25,200, 25,175, 25,150 and 25,100

• The best range to buy Nifty Bank is 56,150-56,300 with a stop loss at 56,000 for targets of 56,500, 56,600, 56,700, 56,750, 56,850 and 56,975
• Aggressive traders can buy Nifty Bank in the 56,850-56,975 range with a strict stop loss at 57,100 for targets of 56,750, 56,600, 56,500, 56,300, 56,200 and 56,150

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