Anil Singhvi Strategy: How to trade Nifty50 and Nifty Bank now—Key levels to track

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 25,325-25,425 levels and a strong buy zone at 25,150-25,275 levels on Friday, February 27. The market wizard sees support for the Nifty Bank placed at 60,800-61,000 and a strong buy zone at 60,500-60,750 60,375-60,550 levels.

How market guru Anil Singhvi sums up the trade setup:

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

• FII long positions at 21.05 per cent vs 21.28 per cent before Wednesday's session

• FII long positions at 21.71 per cent vs 21.05 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 0.87 vs 0.89

• Nifty Bank PCR 1.17 vs 1.14

• Volatility index India VIX down 3.15 per cent at 13.06

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For the headline index, the market wizard expects a higher zone at 25,575-25,665 levels and a profit-booking zone at 25,715-25,815 levels.

For the banking index, he expects a higher zone at 61,300-61,500 levels and a profit-booking zone at 61,550-61,750 levels.

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

For existing long positions:

• Nifty intraday stop loss at 25,300 and closing stop loss at 25,400
• Nifty Bank intraday and closing stop loss at 60,750

For existing short positions:

• Nifty intraday and closing stop loss at 25,665
• Nifty Bank intraday and closing stop loss at 61,550

For new positions in Nifty50:

• Aggressive traders can buy Nifty in the 25,325-25,425 range with a stop loss at 25,250 for targets of 25,475, 25,500, 25,575, 25,625, 25,650 and 25,700

• Aggressive traders can sell Nifty in the 25,575-25,700 range with a strict stop loss at 25,825 for targets of 25,500, 25,475, 25,425, 25,400, 25,375 and 25,325

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 60,600-60,800 range with a stop loss at 60,400 for targets of 6,1050, 61,175, 61,250, 61,300, 61,425, 61,500 and 61,550

• Aggressive traders can sell Nifty Bank in the 61,300-61,550 range with a strict stop loss at 61,750 for targets of 61,200, 61,115, 61,050, 60,950, 60,825 and 60,750

Futures & options (F&O) ban

• Already in ban: SAIL
• New in ban: None
• Out of ban: None

Anil Singhvi's Views | What’s fuelling heavy FII outflows?

• Over the past few days, FII buying and selling figures have gradually risen; they have been active in both directions
• Thursday’s also included some adjustment related to the Sensex monthly F&O expiry
• FIIs have still not fully returned to the market; inflows appear to be more out of compulsion than conviction
• There's a positive sign that DIIs have stepped up their buying

Key support zones in Nifty50 and Nifty Bank

• A weekly closing above 25,400 will be crucial on Friday
• Nifty50 has been closing around the Budget Day high of 25,440 for the past few sessions
• A closing below 25,300 on Friday will increase the risk of further weakness
• The next support appears to be placed in the 24,825-25,075 range

Will Nifty Bank take the lead in the rally?

• Nifty Bank has taken intraday support at the 60,800 mark for the past three sessions
• It closed above the 61,000 level on all three days
• There is still no visible sign of weakness in Nifty Bank
• Profit-booking is consistently emerging around the 61,500 mark