Anil Singhvi Market Strategy (October 17): 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 25,425-25,500 levels and a strong buy zone at 25,275-25,375 levels on Friday, October 17. For the Nifty Bank, the market wizard expects support at 56,925-57,050 levels and a strong buy zone at 56,625-56,800 levels.

How market guru Anil Singhvi sums up trade setup:

• Global: Neutral

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 14 per cent vs 8 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 1.38 vs 1.21

• Nifty Bank PCR at 1.18 vs 1.10

• Volatility index India VIX up 3 per cent at 10.87

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The market wizard expects a higher zone at 25,600-25,670 levels and a profit-booking zone at 25,700-25,800 levels for the headline index.

For the banking index, he expects a higher zone at 57,525-57,650 levels and a "blue-sky zone" above the 57,700 mark.​

What major market data signals

• Nifty hit an intraday three-month high of 25,625, very close to this year’s June 30 high of 25,669
• Nifty Bank at a two-month high of 57,525, quite close to its life high of 57,628 (July 2, 2025)
• Nifty and Nifty Bank confirmed strong breakouts on Thursday above 25,330 and 56,770, respectively
• The midcap index at a two-month high, the smallcap index at a three-week high
• The smallcap index paused near its 100-day moving average (DMA) of 18,202
• The FMCG index at a three-week high; it crossed its 50 and 100 DMAs
• Nifty Realty index at a two-month high
• Reliance hit a three-week high at Rs 1,400, after staging a breakout above the major resistance level of Rs 1,390
• HDFC Bank hit a one-month high of Rs 996; a breakout above a major resistance level of Rs 990
• ICICI Bank hit a 19-day high of Rs 1,418, forming a higher low for the 8th straight session that suggests consistent buying at lower levels; the stock confirmed a major breakout above Rs 1,383 level (11-day resistance) on Thursday
• FII long positions in index futures stand at 13.8 per cent -- the highest in 12 days
• FIIs made strong net buying worth Rs 6,526 crore across cash, stock and index futures on Wednesday
• DIIs made large net purchases of Rs 4,076 crore for the 37th straight day
• DIIs set a record of 45 consecutive days of net buying on August 21, 2025
• MCX gold hit a new life high of Rs 1,30,005 ($4,391), silver hit a new life high of Rs 1,67,999 ($5,376)
• In four days, gold rose by Rs 10,000 and silver by Rs 22,000
• In 20 days, gold surged by Rs 20,000 and silver by Rs 40,000
• Crude oil closed near $61/barrel -- its lowest in five months
• Aluminium at a three-year high
• Rupee at a one-month high vs the dollar
• US bond yields at a five-month low, below 4 per cent
• Dollar Index weaker for the third straight day, at a 10-day low

Key Nifty50 and Nifty Bank levels to track now

• Nifty50 has strong support in the 25,150-25,325 range
• Nifty Bank has strong support between 56,500 and 56,800

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

For existing long positions:

• Nifty intraday stop loss at 25,450 and closing stop loss at 25,325

• Nifty Bank intraday stop loss at 57,000 and closing stop loss at 56,800

For existing short positions:

• Nifty intraday and closing stop loss at 25,700

• Nifty Bank intraday and closing stop loss at 57,650

For new positions in Nifty50:

• The best range to buy Nifty is 25,375-25,500 with a stop loss at 25,275 for targets of 25,575, 25,625, 25,665, 25,700, 25,735 and 25,765
• Aggressive traders can sell Nifty in the 25,665-25,800 range with a strict stop loss at 25,900 for targets of 25,625, 25,575, 25,500, 25,450, 25,425 and 25,375

• The best range to buy Nifty Bank is 56,925-57,150 with a stop loss at 56,700 for targets of 57,300, 57,425, 57,525 and 57,625; above 57,650, the index is in a blue-sky zone
• Sell Nifty Bank only if it trades below 56,900, with a strict stop loss at 57,050
• Aggressive traders can sell Nifty Bank near 57,625 with a strict stop loss at 57,700; if the index trades above 57700, cut your shorts and go long

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