Anil Singhvi Market Strategy (May 26): Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,735-24,800 levels and a strong buy zone at 24,600-24,685 levels on Monday, May 26. For the Nifty Bank, the market wizard expects support at 55,000-55,200 levels and a strong buy zone at 54,700-54,850 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Negative

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 33 per cent vs 32 per cent before Friday’s session

• Nifty put-call ratio (PCR) at 1.09 vs 0.94

• Nifty Bank PCR at 0.90 vs 0.78

• Volatility index India VIX unchanged at 17.27

The market wizard sees a higher zone at 24,900-24,975 levels and a profit-booking zone at 25,015-25,115 levels for the headline index.

For the banking index, he sees a higher zone at 55,575-55,700 levels and a strong sell zone at 55,925-56,075 levels. ​

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

For existing long positions: 

• Nifty intraday and closing stop loss at 24,600 

• Nifty Bank intraday and closing stop loss at 55,000

For existing short positions:

• Nifty intraday stop loss at 24,925 and closing stop loss at 25,025 

• Nifty Bank intraday and closing stop loss at 55,700

For new positions in Nifty50:

• The best range to buy Nifty is 24,600-24,735 with a stop loss at 24,500 for targets of 24,800, 24,850, 24,900, 24,950, 25,015 and 25,060

• Aggressive traders can sell Nifty in the 24,975-25,100 range with a strict stop loss at 25,150 for targets of 24,925, 24,850, 24,800, 24,735, 24,685 and 24,665

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 55,000-55,200 range with a strict stop loss at 54,800 for targets of 55,350, 55,425, 55,475, 55,575, 55,675 and 55,925
• The best range to sell Nifty Bank is 55,900-56,075 with a stop loss at 56,150 for targets of 55,700, 55,575, 55,500, 55,425 and 55,350
• Aggressive traders can sell Nifty Bank near the 55,675 mark with a strict stop loss at 55,750 for targets of 55,575, 55,500, 55,425, 55,350, 55,200 and 55,075 

Stocks in F&O ban

• New in ban: Chambal Fertilisers
• Already in ban: Hindustan Copper, Dixon Tech, Titagarh, RBL Bank, Manappuram Finance
• Out of ban: None