Anil Singhvi Market Strategy (May 19): Important levels to track in Nifty 50, Nifty Bank today

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 24,850-24,950 levels and a strong buy zone at 24,675-24,775 levels on Monday, May 19. 

For the Nifty Bank, the market wizard expects support at 55,000-55,175 levels and a stronger support zone at 54,675-54,800 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Positive

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 42 per cent vs 46 per cent before Friday’s session

• Nifty put-call ratio (PCR) at 0.97 vs 1.19

• Nifty Bank PCR at 0.90 vs 0.93

• Volatility index India VIX down 2 per cent at 16.55

The market wizard sees a higher zone at 25,065-25,200 levels and a profit-booking zone at 25,235-25,335 levels for the headline index.

For the banking index, he sees a higher zone at 55,475-55,675 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: 

• Nifty intraday and closing stop loss at 24,900

• Nifty Bank intraday stop loss at 55,000 and closing stop loss at 54,800

For existing short positions:

• Nifty intraday and closing stop loss at 25,150

• Nifty Bank intraday and closing stop loss at 55,700

For new positions in Nifty50:

• The best range to buy Nifty is 24,800-24,950 with a stop loss at 24,750 for targets of 25,025, 25,065, 25,115, 25,235, 25,300 and 25,335

• Aggressive traders can sell Nifty only if it breaks below 24,900; for this, they may target levels of 24,850, 24,775, 24,750, 24,675 and 24,575 with a strict stop loss at 25,075 

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 55,000-55,175 range with a strict stop loss at 54,800 for targets of 55,300, 55,375, 55,475, 55,575, 55,650 and 55,925

• Aggressive traders can sell Nifty Bank in the 55,575-55,700 range with a strict stop loss at 55,800 for targets of 55,500, 55,375, 55,300, 55,200, 55,100 and 55,000

Stocks in F&O ban

• New in ban: Titagarh Wagons
• Out of ban: CDSL
• Already in ban: Hindustan Copper, Manppuram Finance

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