Anil Singhvi strategy August 31: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty at 18,975-19,025 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,200-19,300 levels and a strong buy zone at 18,975-19,025 levels on Thursday, August 31, the last day of the August derivatives (futures and options) series. For the Nifty Bank, he expects support at 43,850-44,000 levels and a strong buy zone at 43,600-43,750 levels.

Here's how Anil Singhvi sums up the market setup:

Global: Positive
FII: Neutral

TRENDING NOW
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral

Singhvi sees a higher zone in the Nifty at 19,365-19,450 levels and a profit-booking zone at 19,465-19,575 levels. For the banking index, he sees a higher zone at 44,475-44,625 levels and a profit-booking zone at 44,675-44,825 levels.

ANIL SINGHVI MARKET STRATEGY

FII index long positions at 46 per cent vs 45 per cent the previous day
Nifty put-call ratio (PCR) at 0.91 vs 0.97
Nifty Bank PCR at 0.61 vs 0.91
Fear index India VIX down 3.5 per cent at 11.80

For existing long positions:

Nifty intraday and closing stop loss at 19,175
Nifty Bank intraday stop loss at 44,000 and closing stop loss at 43,850

For existing short positions:

Nifty intraday and closing stop loss at 19,500
Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

For aggressive traders, the best range to buy Nifty is 19,200-19,300 with a strict stop loss at 19,150 for targets of 19,335, 19,365, 19,400, 19,425, 19,465 and 19,500
Aggressive traders can sell Nifty in the 19,450-19,550 range with a strict stop loss at 19,650 for targets of 19,425, 19,400, 19,365, 19,340 and 19,300

For new positions in Nifty Bank:

For aggressive traders, the best range to buy Nifty Bank is 43,850-44,000 with a strict stop loss at 44,600 for targets of 44,075, 44,150, 44,200, 44,275, 44,350, 44,425 and 44,500
Aggressive traders can sell Nifty Bank in the 44,600-44,800 range with a strict stop loss at 45,000 for targets of 44,525, 44,425, 44,375, 44,275, 44,200 and 44,150

Stocks in F&O ban: