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Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 25,550-25,650 levels and a strong buy zone at 25,425-25,500 levels on Thursday, February 5.

The market wizard sees support for the Nifty Bank coming in at 59,700-59,900 levels and a strong buy zone at 59,400-59,600 levels.

FII long position at 16.85 per cent vs 12 per cent before Tuesday's session

Nifty put-call ratio (PCR) at 1.01 vs 0.99

Nifty Bank PCR at 1.04 vs 0.89

Volatility index India VIX down 7.0 per cent at 12.89

For the headline index, the market wizard expects a higher zone at 25,875-26,000 levels and a strong sell zone at 26,050-26,200 levels.

For the banking index, he expects a higher zone at 60,375-60,500 levels, with the next big target near 61,000.

Positive cues

Negative cues

Major triggers

For existing long positions:

For existing short positions:

For new positions in Nifty50:

For new positions in Nifty Bank:

The best range to buy Nifty Bank is 59,700-59,900 with a stop loss at 59,500 for targets of 60,050, 60,150, 60,225, 60,375 and 60,425; above 60,500, the next big target is near 61,000

Aggressive traders can sell Nifty Bank near 60425 with a strict stop loss at 60,500 for targets of 60,250, 60,150, 60,075, 59,900, 59,800 and 59,625

Futures & options (F&O) ban

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Sell IndiGo futures for targets of Rs 4,900 and Rs 4,850 with a stop loss at Rs 5,025