Anil Singhvi Market Strategy (May 15): Important levels to track in Nifty 50, Nifty Bank today amid Indo-Pak ceasefire

Anil Singhvi Market Strategy: Amid a fragile ceasefire between India and Pakistan, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,500-24,600 levels and a strong buy zone at 24,365-24,450 levels on Wednesday, May 14. 

For the Nifty Bank, the market wizard expects support at 54,375-54,500 levels and a stronger support zone at 54,100-54,275 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Neutral

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

• FII long positions unchanged at 38 per cent as before Wednesday’s session

• Nifty put-call ratio (PCR) at 0.89 vs 0.85

• Nifty Bank PCR at 0.82 vs 0.83

• Volatility index India VIX down 5 per cent at 17.22

   

The market wizard sees a higher zone at 24,750-24,850 levels and a strong sell zone at 24,900-24,975 levels for the headline index.

For the banking index, he sees a higher zone at 55,000-55,175 levels and a strong sell zone at 55,300-55,475 levels. 

EDITOR’S TAKE | Cooling US inflation, Nasdaq rally to boost Indian IT stocks…

• Strong rally expected in midcap and smallcap stocks

• Midcap and smallcap results in comparison to largecaps 

• Stocks with strong results likely to see big upside

• Focus on the 24,500–24,800 range in Nifty today

• Nifty still looks stronger than Nifty Bank 

• Short-term weakness in banks, but long-term outlook very strong

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions: 

• Nifty intraday stop loss at 24,500 and closing stop loss at 24,450

• Nifty Bank intraday and closing stop loss at 54,450

For existing short positions:

• Nifty intraday and closing stop loss at 24,800

• Nifty Bank intraday and closing stop loss at 55,250

   

For new positions in Nifty50:

• The best range to buy Nifty is 24,475-24,600 with a stop loss at 24,400 for targets of 24,665, 24,700, 24,765, 24,800, 24,850 and 24,925

• The best range to sell Nifty is 24,800-24,925 with a stop loss at 25,000 for targets of 24,765, 24,700, 24,665, 24,600, 24,575 and 24,550

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 54,275-54,500 range with a strict stop loss at 54,075 for targets of 54,675, 54,800, 54,925, 55,000, 55,175 and 55,300

• Aggressive traders can sell Nifty Bank in the 55,200-55,375 range with a strict stop loss at 55,500 for targets of 55,000, 54,925, 54,800, 54,675, 54,600 and 54,500

Stocks in F&O ban

• New in ban: Hindustan Copper
• Already in ban: CDSL, Manppuram Finance
• Out of ban: None

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