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Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,850-24,925 levels and a stronger support zone at 24,650-24,800 levels on Tuesday, August 26. For the Nifty Bank, the market wizard expects support to emerge at 54,900-55,050 levels and a stronger support zone at 54,575-54,700 levels. 

Global: Negative

FII: Negative

DII: Positive

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F&O: Neutral

Sentiment: Neutral

Trend: Neutral

FII long positions at 13 per cent vs 11 per cent before Monday's session

Nifty put-call ratio (PCR) at 0.87 vs 0.73

Nifty Bank PCR at 0.56 vs 0.59

Volatility index India VIX unchanged at 11.76

The market wizard expects a higher zone at 25,015-25,085 levels and a strong sell zone at 25,150-25,250 levels for the headline index.

For the banking index, he expects a higher zone at 55,300-55,500 levels and a strong sell zone at 55,550-55,750 levels.​

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Do markets rally during 'Ganeshotsav'?

Here's a brief history of Nifty50 and Nifty Bank moves during Ganeshotsav in the past few years:

Nifty intraday stop loss at 24,800 and closing stop loss at 24,850

Nifty Bank intraday stop loss at 54,850 and closing stop loss at 55,000

Nifty intraday and closing stop loss at 25,100

Nifty Bank intraday stop loss at 55,350 and closing stop loss at 55,550

Sell Nifty with a stop loss at 25,100 for targets of 24,925, 24,875, 24,850, 24,800, 24,725, 24,665 and 24,635

Aggressive traders can buy Nifty in the 24,635-24,850 range with a strict stop loss at 24,500 for targets of 24,900, 24,925, 24,975, 25,015, 25,050 and 25,085

Aggressive traders can sell Nifty Bank with a strict stop loss at 55,350 for targets of 55,000, 54,925, 54,700, 54,575, 54,500 and 54,375

Aggressive traders can buy Nifty Bank in the 54,900-55,000 range with a strict stop loss at 54,800 for targets of 55,100, 55,150, 55,300, 55,350, 55,500 and 55,600Out of ban: PG ElectroAlready in ban: RBL Bank, Titagarh New in ban: None

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