Today (September 1) Anil Singhvi Market Strategy: How to trade Nifty 50, Nifty Bank today? Key levels of tracking

Today’s Anil Singhvi Marketing Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,325-24,400 levels and a stronger support zone at 24,150-24,300 levels on Monday, September 1. For the Nifty Bank, the market wizard expects support at 53,350-53,500 followed by a stronger support area at 53,075-53,225 levels.

Markets How Anil Singhvi summarizes trade settings:

• Global: Neutral

• FII: Negative

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• DII: Positive

• F&O: Neutral

• Emotion: Negative

• Trend: Neutral

• FII length is 9% and 8% before Friday’s meeting

• Nifty Pat-all-Call ratio (PCR) is 0.71 vs 0.75

• Nifty Bank PCR is 0.88 vs 0.96

• Volatility Index India VIX fell 3.5% to 11.75

The market guide expects the higher area of ​​the title index to be at the level of 24,475-24,575 and the selling area to be at the level of 24,600-24,725.

For the bank index, he expects to have higher areas at the level of 53,900-54,075, with the selling area at the level of 54,375-54,450.

Positive news updates for the weekend

• Strong GDP
• Prime Minister Narendra Modi successfully visits China and Japan
• Strong purchases of DII

Negative signal

• FIIS’s heavy sales
• Technically, Friday’s market closures were weak

How far will a strong GDP figure enter the market?

• GDP data is encouraging
• U.S. President Donald Trump calls India a “dead economy” and nothing wrong
• There are several reasons why India’s GDP growth continues to grow
• Interest rates fall, inflation decreases, good monsoon and GST relief to provide support
• U.S. tariffs will have some impact, but domestic factors are ready to deal with pressure

What market data signals

• Closed for three consecutive days
• The index is a three-week low of 24,404
• Nifty achieved lower highs in five consecutive sessions, indicating higher levels of pressure
• Stay weak for the second consecutive week, down 443 points
• The index is very close to support on August 8, at 24,337
• Nifty Bank closed in red for 5 consecutive days, hitting three-month low in 53,606
• It’s very close to the support level on May 9, at 53,483
• From this level, Nifty Bank has 4,000 points in six weeks
• Nifty Bank ended in red for the second straight week, down 1,493 points
• Nifty Bank RSI drops 27 for the first time in 7 months, showing oversell signals
• The mid- and small cap index hits three-month intraday lows
• Reliance fell for four months after the shareholders’ meeting
• HDFC Bank has formed lower highs and lower lows for the fifth consecutive day, falling to a 3-month low of Rs 950
• ICICI Bank fell for 5 days to hit a three-month low of Rs 1,392
• FII futures have a long position of 8.6%, and return to units four days later
• FII sold for five consecutive days, DII purchased four
• FII cash sale at Rs 83.18 crore – the largest outflow since May 10
• DII cash purchases are Rs 11.488 crore – the largest inflow since April 7
• Nasdaq rises for five consecutive days
• Gold and hit ratios are Rs 1,04,090 and Rs 1,20,900 respectively
• New record for rupee as low as 88.31 with USD

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

For existing long positions:

• Nifty intradition and closing ceremony stop loss is 24,300

• Beautiful bank intraday and shutdown stop loss of 53,450

For existing short positions:

• Nifty intradition and closing ceremony stop loss, 24,600

• Nifty Bank Intraday and Shutdown Stop Losses of 54,100

For new jobs in Nifty50:

No stocks in the F&O ban

Inventory for the day: Zydus Wellness

Purchase Zydus Wellness stock with a target of Rs 2,040, Rs 2,060 and Rs 2,090, stop loss at Rs 2,000

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