Anil Singhvi Strategy: How to trade Nifty50 and Nifty Bank amid raging Israel-Iran conflict—Key levels to track

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 24,475-24,600 and 24,325-24,425 levels and a strong buy zone at 24,000-24,175 levels on Wednesday, March 4, as the market returns to trade following a mid-week holiday amid persistent Middle East tensions. The market wizard sees support for the Nifty Bank placed at 58,900-59,200 levels and a strong buy zone at 58,425-58,575 levels.

How market guru Anil Singhvi sums up the trade setup:

• Global: Negative
• FII: Negative
• DII: Positive
• F&O: Neutral
• Sentiment: Negative
• Trend: Negative

• FII long positions at 16.31 per cent vs 18.42 per cent before Monday's session

• Nifty put-call ratio (PCR) at 0.99 vs 0.62

• Nifty Bank PCR 1.05 vs 1.03

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For the headline index, the market wizard expects a higher zone at 24,800-24,875 levels and a strong sell zone at 24,975-25,150 levels.

For the banking index, he expects a higher zone at 59,850-60,150 levels and a strong sell zone near 60,550.

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

For existing long positions:

• Nifty intraday stop loss at 24,300 and closing stop loss at 24,800
• Nifty Bank intraday stop loss at 58,900 and closing stop loss at 59,800

For existing short positions:

• Nifty intraday stop loss at 25,000 and closing stop loss at 25,200
• Nifty Bank intraday stop loss at 60,200 and closing stop loss at 60,550

For new positions in Nifty50:

• Aggressive traders can buy Nifty in the 24,400-24,600 range with a strict stop loss at 24,300 for targets of 24,675, 24,825, 24,865, 24,975, 25,050 and 25,150

• Aggressive traders can sell Nifty with a strict stop loss at 25,050 for targets of 24,675, 24,600, 24,525, 24,475, 24,425, 24,375 and 24,325

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank with a strict stop loss at 60,200 for targets of 59,500, 59,200, 59,150, 58,900, 58,725, 58,575 and 58,425

• Aggressive traders can buy Nifty Bank in the 58,900-59,200 range with a stop loss at 58,700 for targets of 59,425, 59,825, 60,000, 60,150, 60,235, 60,425 and 60,525

Futures & options (F&O) ban

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

Positive market cues since Monday

• DIIs net purchased equities to the tune of Rs 8,600 crore
• Dalal Street managed to close much higher from intraday lows on Monday, reducing the risk of a major breakdown
• FIIs’ cash selling was relatively limited at around Rs 3,500 crore
• On Monday, Dow recovered 500 points from lower levels, Nasdaq Composite rebounded 450 points
• On Tuesday, Dow recovered 900 points from the lows, Nasdaq gained 500 points
• Gold and silver also corrected sharply from their highs on Monday
• Select flights resumed from Dubai and Abu Dhabi

Negative cues

• Crude oil remains firm near $83/barrel
• Intense attacks continue from both sides in the Iran-Israel conflict
• No signs of the conflict slowing down
• Washington and Tehran statements remain provocative
• No statement indicating peace or a ceasefire
• Fear gauge VIX has surged 25 per cent, signalling heightened volatility
• Despite recovery in the broader market, midcap and smallcap stocks closed significantly lower on Monday
• FIIs recorded a large net-net selling of Rs 6,090 crore

Why are GIFT Nifty futures so weak?

• The sharp spike in crude oil; oil movement through the Strait of Hormuz has been disrupted
• Qatar -- the world’s largest gas producer -- has halted production
• Iran carried out attacks on oil facilities in Gulf countries
• It is now too late for talks with Iran: Donald Trump
• The US president has indicated the war could last more than 4-5 weeks.
• The Dollar Index is near a 6-month high of 100
• Escalation in the war, with almost all Gulf countries getting drawn in

How are markets likely to behave going forward?

• Market reaction could mirror the pattern seen during the Russia-Ukraine war
• The Israel-Iran war may be prolonged; one must avoid taking hasty decisions
• Sectors that rallied sharply in recent days face the risk of correction
• Panic-led profit booking could hit strong stocks such as PSU banks and capital goods
• There will be time to accumulate, so stay prepared

Is 24,400-24,600 a rock bottom for Nifty?

• Since May 2025, for the past nine months, the 24,400-24,600 range has acted as the rock bottom
• In nine months, the market recovered eight times from this range
• Only once, on August 8, 2025, - did it make a low of 24,337
• Recoveries ranged from 2.5 per cent to 7.2 per cent within 1-15 days
• Nifty rebounded between 615 and 1,770 points during those phases
• On Monday, March 2, it again touched a low of 24,603
• On Budget Day as well, the index found support at 24,571
• A fresh downtrend will begin only if it closes below 24,300
• Until then, traders can look at short covering in the 24,400-24,600 range
• Aggressive traders and investors may consider fresh buying in this range with a closing stop-loss at 24,300

What should traders do now?

• Heavy volatility has been visible in both US and Indian markets over the last two days
• Fear gauge VIX surged 25 per cent on Monday and continues to signal high volatility
• Focus on capital protection rather than aggressive profit-making; strictly follow stop-loss levels
• Exit positions immediately once the first stop-loss is triggered
• Keep intraday and overnight positions minimal
• Avoid taking fresh positions out of greed for quick and large gains
• Assess your capacity to bear losses if the trade turns adverse

What should investors do?

• Stay calm -- sometimes doing nothing is the best decision
• Review the quality of stocks in your portfolio
• Avoid checking your portfolio repeatedly to prevent anxiety
• Markets have historically recovered after every war
• In many cases, new lifetime highs were made even after wars
• Investors aiming for large gains must think contrarian
• If you have capital, intent, and courage, consider investing during declines
• Markets are expected to stabilise after March
• By then, either the war may end or markets may adjust to it
• The biggest concern remains crude oil prices and gas supply