Anil Singhvi Market Strategy: A day after Prime Minister Narendra Modi addressed the nation for the first time since India’s retaliatory action under Operation Sindoor following the April 22 terror attack in Pahalgam, J&K, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,750-24,850 and a strong buy zone at 24,600-24,700 levels on Tuesday, May 13.
For the Nifty Bank, the market wizard expects support at 54,925-55,100 levels and a strong buy zone at 54,575-54,775 levels.
How market guru Anil Singhvi sums up trade setup:
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Global: Positive
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FII: Positive
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DII: Positive
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F&O: Neutral
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Sentiment: Positive
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Trend: Positive
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FII long positions at 50 per cent vs 48 per cent before Monday’s session
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Nifty put-call ratio (PCR) at 1.29 vs 0.94
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Nifty Bank PCR at 0.90 vs 0.77
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Volatility index India VIX down 15 per cent at 18.39
The market wizard sees a higher zone at 24,975-25,125 levels and a strong sell zone at 25,225-25,375 levels for the headline index.
For the banking index, he sees a higher zone at 55,575-55,700 levels and a strong sell zone at 55,925-56,075 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
For existing short positions:
For new positions in Nifty50:
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Best range to Buy Nifty is 24700-24800:
SL 24575 Tgt 24850, 24925, 24975, 25000, 25050, 25135, 25235 -
Sell Nifty only if it breaks below 24575
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Aggressive Traders Sell Nifty in 25125-25275 range:
Strict SL 25375 Tgt 25050, 25000, 24950, 24925, 24850, 24800
For new positions in Nifty Bank:
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Best range to Buy Bank Nifty is 55000-55175: SL 54900 Tgt 55375, 55475, 55575, 55650, 55925, 56075
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Aggressive Traders Sell Bank Nifty in 55575-55700 range: Strict SL 55800 Tgt 55475, 55375, 55300, 55175, 55075, 55000
Stocks in F&O ban
- Out Of Ban: RBL Bank
- Already In Ban: CDSL, Manppuram Fin
- New In Ban: Nil
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