Anil Singhvi Market Strategy (May 27): 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 24,850-24,900 levels and a strong buy zone at 24,685-24,800 levels on Tuesday, May 27. For the Nifty Bank, the market wizard expects support at 55,300-55,400 levels and a strong buy zone at 55,000-55,200 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 35 per cent vs 33 per cent before Monday’s session

• Nifty put-call ratio (PCR) at 1.06 vs 1.09

• Nifty Bank PCR at 0.89 vs 0.90

• Volatility index India VIX up 4 per cent at 18.02

The market wizard sees a higher zone at 25,075-25,125 levels and a profit-booking zone at 25,200-25,275 levels for the headline index.

For the banking index, he sees a higher zone at 55,700-55,875 levels and a profit-booking 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 24,850

• Nifty Bank intraday and closing stop loss at 55,300

For existing short positions:

• Nifty intraday and closing stop loss at 25,125

• NiftyBank intraday stop loss at 55,900 and closing stop loss at 55,650

For new positions in Nifty50:

• The best range to buy Nifty is 24,800-24,900 with a stop loss at 24,700 for targets of 24,950, 25,000, 25,070, 25,115, 25,200 and 25,235

• Sell Nifty only if it breaks below 24,850 with a stop loss at 25,000 for targets of 24,800, 24,765, 24,735, 24,685, 24,665 and 24,615

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 55,200-55,400 range with a strict stop loss at 55,000 for targets of 55,475, 55,575, 55,675, 55,875, 55,925 and 56,075

• Aggressive traders can sell Nifty Bank in the 55,875-56,075 range with a strict stop loss at 56,150 for targets of 55,700, 55,575, 55,500, 55,425, 55,300 and 55,200

Stocks in F&O ban

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