Anil Singhvi Market Strategy (June 12): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,000-25,075 levels and a strong buy zone at 24,800-24,950 levels on Thursday, June 12. For the Nifty Bank, the market wizard expects support at 56,000-56,150 levels and a strong buy zone at 55,750-55,925 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Neutral

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 22 per cent vs 20 per cent before Wednesday’s session

• Nifty put-call ratio (PCR) unchanged at 0.97 

• Nifty Bank PCR at 0.96 vs 0.98

• Volatility index India VIX down 2.5 per cent at 13.66

The market wizard expects a higher zone at 25,150-25,235 levels and a profit-booking zone at 25,300-25,400 levels for the headline index.

For the banking index, he expects a higher zone at 56,850-57,000 levels and a “blue-sky zone” above the 57,050 mark.

Has a US-China trade deal happened?

• President Trump has announced a deal “from his side”
• Final approval from Xi Jinping is still pending
• Under the deal, China will supply the US with rare earth minerals
• In return, the US will allow Chinese students to study there
• Trump claims the US gains 55% from the deal, while China gets only 10%

How much trust should we place in the trade deal announcement?

• Trump’s formula: more talk, less action
• Trump is always overly eager to take credit for a deal
• Until China gives a green signal, don’t consider the deal final

Is a recession looming in the US?

• Statement from Treasury Secretary Scott Besent
• If the debt ceiling isn’t raised, the biggest recession since 2008 could hit
• The debt limit must be raised under any circumstances
• Talks ongoing with 18 countries over trade deals
• Considering the trade talks, the 90-day tariff freeze deadline should be extended

Will the US plunge into a deep recession?

• The single biggest threat to both global and Indian markets
• If the US goes into a recession, it will affect everyone

Imagine if India’s finance minister made such a statement about the country — how would you feel?

• That’s the big difference between India and the US
• Trump isn’t even listening to his own finance minister

How concerning is the rising tension with Iran?

• A weakened America is now being challenged by Iran
• Trump is struggling with global tariff wars and domestic unrest
• Crude oil hitting $70 is a slightly negative sign
• This could put a brake on the rally in oil companies

Will slow FII-DII buying create pressure?

• FIIs sold Rs 446 Cr in cash after three days of buying
• Domestic funds continued their small buying spree for the 17th straight day, with Rs 1585 Cr
• Both FIIs and DIIs show signs of slowing activity
• Nifty has been gaining for six straight sessions, but Bank Nifty has been weak for two days
• After a one-sided rally, the market may take a breather

What does Bank Nifty’s weakness indicate?

• Bank Nifty often leads both rallies and corrections
• It has signaled a slowing of the recent rally
• Expected to stay within the 56,000–57,000 trading range
• Wait for a breakout from this range for a big move

Market strong, sentiment weak?

• Despite six days of gains, enthusiasm remains low
• A sudden dip yesterday weakened sentiment
• Profit booking seen in mid- and small-cap stocks after several days
• Slower pace of gains has kept overall sentiment from turning strong

Crude oil at $70… what to buy, what to sell?

• Tension between Iran and the US has pushed crude oil higher
• This may halt the rally in oil companies
• Stocks like ONGC and Oil India are likely to remain strong

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

For existing long positions: 

For existing short positions:

For new positions in Nifty50:

• Aggressive Traders Buy Nifty in 24950-25075 range: Strict SL 24800 Tgt 25100, 25150, 25200, 25225, 25300, 25335

• Aggressive Traders Sell Nifty in 25200-25300 range: Strict SL 25400 Tgt 25150, 25100, 25075, 25000, 24950, 24900

For new positions in Nifty Bank:

• Best range to Buy Bank Nifty is 56000-56150: SL 55800 Tgt 56400, 56475, 56575, 56625, 56675, 56775

• Aggressive Traders Sell Bank Nifty in 56675-56850 range: Strict SL 57000 Tgt 56625, 56575, 56450, 56400, 56150, 56025

Stocks in F&O ban

• New in ban: CDSL, IEX

• Already in ban: IREDA, RBL Bank, Titagarh Rail, Hindustan Copper, Chambal Fertilisers, AB Fashion

• Out of ban: None