Today (August 7) Anil Singhvi Market Strategy: How to trade Nifty 50, Nifty Bank today? Key levels of tracking

Today’s Anil Singhvi Marketing Strategy: ZEE Business Management Editor Anil Singhvi is expected to support the Nifty50 index at the 24,450-24,500 level and a stronger support area with the 24,275-24,400 level on Thursday, August 7. For Nifty Bank, for Nifty Bank, the market guide expects support level at the 55,000-55,55,200 level at the 55,700-55,700-5555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555

Markets How Anil Singhvi summarizes trade settings:

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Emotion: Negative

• Trend: Neutral

• FII long positions are 9%, and 8% before Wednesday’s meeting

• nifty pall-call ratio (PCR) is 0.74 vs 0.83

• Nifty Bank PCR remains unchanged to 0.82

• Volatility Index India VIX rises 2% to 11.96

The Market Wizard is expected to have higher areas at the 24,635-24,735 level and the title index is at the 24,765-24,850 level profit booking area.

For the bank index, he expects higher areas at the profit-booked areas of 55,625-55,750 levels and 55,850-56,000 levels.

What market data signals

• On the RBI policy day, Nifty Bank did not undermine its intraday range. Its support is close to its 1-month low of 55,200
• Starting from the 55,149 low on June 13, Nifty Bank rose 4.5% to 57,628 on July 2
• The Medium Index has maintained strong support for nearly 56,500 times in four consecutive meetings
• Reliance has maintained critical support for Rs 1,380 during the ninth session
• FII has sold 13 meetings – their longest outflow winning streak since March 17
• So far, FII has net sold Indian shares worth Rs 48 billion in cash
• DII is the net buyer of 23 back-to-back meetings – their longest inflow since June 19
• This month, DII released its biggest purchase in the cash market, worth Rs 68 billion.
• FII futures have lowered long positions by 8.58%, the lowest since March 2023
• FII has been keeping index futures below 10% for five consecutive days since 2012
• The dollar index is two-week low, below 98 points
• U.S. bond yields approach three-month low of 4.2%
• Crude oil traded at a five-week low, below $68 per barrel
• Rs is 88 lower than its record vs vs the Dollar

Anil Singhvi Marketing Strategy | How to trade beautiful banks and Nifty50?

For existing long positions:

• Nifty’s intraday and closing stop loss is 24,450

• Beautiful bank intraday and shutdown stop loss for 55,000

For existing short positions:

• Nifty’s intraday and closing ceremonial stop loss is 24,800

• Nifty Bank’s intraday stop loss is 55,650, and the closing ceremony stop loss is 55,750

For new jobs in Nifty50:

Stocks under the catering ban