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Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,125-24,250 levels and a strong buy zone at 24,000-24,075 levels on Wednesday, April 30. For the Nifty Bank, Singhvi expects support at 55,075-55,250 levels and a strong buy zone at 54,475-54,675 levels.

Read on to learn about the market wizard's views for the day. 

Global: Positive

FII: Positive

DII: Positive

F&O: Neutral

Sentiment: Positive

Trend: Positive

FII long positions at 44 per cent vs 42 per cent before Tuesday's session

Nifty put-call ratio (PCR) at 0.94 vs 1.22

Nifty Bank PCR at 0.94 vs 1.02

Volatility index India VIX up 2.5 per cent at 17.37

The market wizard sees a higher zone at 24,435-24,500 levels and a profit-booking zone at 24,550-24,700 levels for the headline index.

For the banking index, he sees a higher zone at 55,550-55,650 levels and a profit-booking zone at 55,950-56,100 levels. 

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For existing long positions: 

For existing short positions:

For new positions in Nifty50:

The best range to buy Nifty is 24,125-24,250 with a stop loss at 24,000 for targets of 24,325, 24,350, 24,400, 24,435, 24,465, 24,500 and 24,550

Aggressive traders can sell Nifty in the 24,465-24,600 range with a strict stop loss at 24,700 for targets of 24,435, 24,400, 24,350, 24,325, 24,250 and 24,200

For new positions in Nifty Bank:

Aggressive traders can buy Nifty Bank in the 55,075-55,250 range with a strict stop loss at 54,950 for targets of 55,375, 55,450, 55,575, 55,650, 55,950 and 56,075

The best range to sell Nifty Bank is 55,900-56,100 with a stop loss at 56,200 for targets of 55,650, 55,575, 55,450, 55,375, 55,300 and 55,250

Aggressive traders can sell Nifty Bank near 55,650 with a strict stop loss at 55,700 for targets of 55,450, 55,375, 55,300, 55,250, 55,175 and 55,075

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