Anil Singhvi Market Strategy (October 16): 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 25,175-25,275 levels and a strong buy zone at 25,050-25,150 levels on Thursday, October 16. For the Nifty Bank, the market wizard expects support at 56,500-56,625 levels and a strong buy zone at 56,150-56,325 levels.

How market guru Anil Singhvi sums up trade setup:

• Global: Neutral

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 8 per cent vs 7 per cent

• Nifty put-call ratio (PCR) at 1.21 vs 0.91

• Nifty Bank PCR at 1.10 vs 0.99

• Volatility index India VIX down 5.5 per cent at 10.53

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The market wizard expects a higher zone at 25,375-25,450 levels and a strong sell zone at 25,500-25,600 levels for the headline index.

For the banking index, he expects a higher zone at 56,975-57,150 levels and a profit-booking zone at 57,200-57,375 levels.​

What market data signals

• Nifty has hit a three-week intraday high of 25,365, with Nifty Bank touching a two-month high of 56,922
• Both indices have given breakouts above their three-day highs of 25,330 and 56,770, respectively
• The midcap index has scaled a three-week high
• Nifty PSU Bank index has hit a fresh one-year high
• ICICI Bank has touched a three-week intraday high of Rs 1,400, confirming a breakout above Rs 1,383 first made on Tuesday
• FII long positions in index futures are at an 11-day high of 8.15 per cent
• FIIs made a net buy worth Rs 2,511 crore across cash, stock and index futures on Tuesday
• DIIs continued buying for a 36th straight day, investing Rs 4,650 crore; their last 35-day buying spree was in early February
• Their longest ever buying streak stands at 45 days, recorded in August 2025
• MCX gold futures have scaled a fresh peak of Rs 1,27,740 ($4,245); silver at record $52.70
• Crude oil below $62, at a five-month low
• The rupee hit a one-month high against the dollar
• Nifty50 and Nifty50 were stuck 25,300 and 56,750 levels for three days, respectively
• The next target for Nifty is the September 18 high of 25,450, followed by a June 30 high of 25,669
• For Nifty Bank, the next target is the July 2 life high in the 57,450-57,625 range
• As long as Nifty holds 25,000 and Nifty Bank stays above 56,000, the uptrend and ‘buy on dips’ strategy remain intact

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

For existing long positions:

• Nifty intraday and closing stop loss at 25,150

• Nifty Bank intraday stop loss at 56,450 and closing stop loss at 56,150

For existing short positions:

• Nifty intraday and closing stop loss at 25,400

• Nifty Bank intraday and closing stop loss at 57,050

For new positions in Nifty50:

• Aggressive traders can buy Nifty in the 25,150-25,275 range with a strict stop loss at 25,050 for targets of 25,325, 25,365, 25,425, 25,450, 25,500 and 25,600
• Aggressive traders can sell Nifty in the 25,425-25,500 range with a strict stop loss at 25,550 for targets of 25,375, 25,325, 25,300, 25,275, 25,225 and 25,175

• Aggressive traders can buy Nifty Bank in the 56,500-56,700 range with a strict stop loss at 56,300 for targets of 56,800, 56,925, 56,975, 57,050, 57,150 and 57,300
• Aggressive traders can sell Nifty Bank in the 57,000-57,200 range with a strict stop loss at 57,350 for targets of 56,925, 56,800, 56,725, 56,625, 56,500 and 56,325

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