Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,535-24,625 levels and a strong buy zone at 24,365-24,465 levels on Monday, August 18, as market participants return to trade after a long weekend owing to the Independence Day holiday. For the Nifty Bank, the market wizard expects support at 55,200-55,350 levels and a strong buy zone at 54,900-55,050 levels. 

How market guru Anil Singhvi sums up trade setup:

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

• FII long positions at 8 per cent vs 9 per cent before Thursday’s session

• Nifty put-call ratio (PCR) at 1.00 vs 1.08

• Nifty Bank PCR at 0.76 vs 0.75

• Volatility index India VIX up 2 per cent at 12.35

The market wizard expects a higher zone at 24,800-24,950 levels and a profit-booking zone at 25,000-25,150 levels for the headline index.

For the banking index, he expects a higher zone at 55,650-55,850 levels and a profit-booking zone at 55,950-56,150 levels. 

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

For existing long positions:

• Nifty intraday and closing stop loss at 24,575

• Nifty Bank intraday stop loss at 55,300 and closing stop loss at 55,000

For existing short positions:

• Nifty intraday and closing stop loss at 24,800

• Nifty Bank intraday and closing stop loss at 55,650

For new positions in Nifty50:

Stocks in F&O ban

• Already in ban: Titagarh, PG Electroplast, RBL Bank, PNB Housing Finance

• New in ban: None

• Out of ban: None