Market Strategy Today (August 6): How to trade Nifty 50, Nifty Bank today? Key levels to track
Published on 06/08/2025 08:59 AM
Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,500-24,600 levels and a stronger support zone at 24,365-24,450 levels on Wednesday, August 6, with the RBI scheduled to announce key decisions at the August MPC review at 10 am. For the Nifty Bank, the market wizard expects support at 54,950-55,150 levels and a strong support area at 54,575-54,700 levels.
Global: Negative
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Negative
Trend: Neutral
FII long positions at 8 per cent vs 9 per cent before Tuesday's session
Nifty put-call ratio (PCR) at 0.83 vs 0.93
Nifty Bank PCR at 0.82 vs 0.89
Volatility index India VIX down 2 per cent at 11.71
The market wizard expects a higher zone at 24,725-24,800 levels and a strong sell zone at 24,825-24,900 levels for the headline index.
For the banking index, he expects a higher zone at 55,550-55,750 levels and a profit-booking zone at 55,850-56,000 levels.
What to make of key data points?
FII and DII trends
What global markets signal
Domestic signals
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How much can Trump’s new threat hurt Dalal Street?
Should you buy or sell banks ahead of RBI policy?
Key levels to watch out for in Nifty50 and Nifty Bank
Nifty intraday stop loss at 24,450 and closing stop loss at 24,550
Nifty Bank intraday stop loss at 55,000 and closing stop loss at 55,150
Nifty intraday and closing stop loss at 24,800
Nifty Bank intraday stop loss at 55,650 and closing stop loss at 55,750
Aggressive traders can sell Nifty in the 24,735-24,850 range with a strict stop loss at 25,000 for targets of 24,650, 24,600, 24,565, 24,535, 24,500 and 24,450
Aggressive traders can buy Nifty in the 24,450-24,550 range with a strict stop loss at 24,350 for targets of 24,600, 24,635, 24,675, 24,725, 24,775 and 24,850
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