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Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects strong support for the Nifty50 index at 25,800-25,900 levels on Thursday, October 23. If the index sustains above the 26,000 mark, a higher range of 26,200-26,275 could also emerge, he says.

Global: Positive

FII: Positive

DII: Neutral

F&O: Neutral

Sentiment: Positive

Trend: Positive

FII long positions unchanged at 19 per cent as before the previous session

Nifty put-call ratio (PCR) at 1.08 vs 1.14

Nifty Bank PCR unchanged at 1.14

Volatility index India VIX down 0.5 per cent at 11.29

For the banking index, the market wizard expects support to occur at 57,700-57,875 levels and a strong buy zone at 57,425-57,625 levels.

He expects a higher zone at 58,150-58,275 levels and a "blue-sky zone" above the 58,300 mark. ​

For existing long positions:

Nifty intraday and closing stop loss at 25,775

Nifty Bank intraday and closing stop loss at 57,700

For existing short positions:

Nifty intraday and closing stop loss at 26,050

Nifty Bank intraday and closing stop loss at 58,300

For new positions in Nifty50: