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Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 24,575-24,700 levels and a strong buy zone at 24,350-24,500 levels on Monday, February 2, a day after the finance minister unveiled the Union Budget for FY27 in this year's 'bahi khata' (traditonal ledger).

The market wizard sees support for the Nifty Bank coming in at 57,950-58,125 levels and strong buy territory at 57,550-57,775 levels.

FII long positions at 11.71 per cent vs 12.10 per cent before Sunday's session

Nifty put-call ratio (PCR) at 0.58 vs 0.89

Nifty Bank PCR at 0.90 vs 1.12

Volatility index VIX up 11 per cent at 15.10

For the headline index, the market wizard expects a higher zone at 24,925-25,050 levels and a strong sell zone at 25,150-25,250 levels.

For the banking index, he expects a higher zone at 58,800-59,000 levels and a strong sell zone at 59,200-59,400 levels.

For existing long positions:

For existing short positions:

For new positions in Nifty50:

The best range to buy Nifty is 24,575-24,700 with a stop loss at 24,500 for targets of 24,825, 24,900, 24,975, 25,025, 25,050 and 25,150

Aggressive traders can sell Nifty in the 24,975-25,150 range with a strict stop loss at 25,300 for targets of 24,925, 24,825, 24,725, 24,625, 24,575 and 24,425

For new positions in Nifty Bank:

Aggressive traders can buy Nifty Bank in the 57,950-58,125 range with a strict stop loss at 57,750 for targets of 58,350, 58,425, 58,500, 58,800, 58,975 and 59,200

Aggressive traders can sell Nifty Bank in the 59,000-59,200 range with a strict stop loss at 59,500 for targets of 59,000, 58,800, 58,500, 58,425, 58,350 and 58,125