Anil Singhvi Market Strategy (May 20): Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: 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 Tuesday, May 20. For the Nifty Bank, the market wizard expects support at 55,175-55,300 levels and a strong buy zone at 54,800-55,000 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Positive

• FII: Negative

• DII: Neutral

• F&O: Positive

• Sentiment: Positive

• Trend: Positive

• FII long positions unchanged at 42 per cent as before Monday’s session

• Nifty put-call ratio (PCR) at 0.82 vs 0.97

• Nifty Bank PCR at 0.86 vs 0.90

• Volatility index India VIX up 5 per cent at 17.36

The market wizard sees a higher zone at 25,015-25,115 levels and a profit-booking zone at 25,200-25,275 levels for the headline index.

For the banking index, he sees a higher zone at 55,575-55,700 levels and a profit-booking 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 and closing stop loss at 55,000

For existing short positions:

• Nifty intraday and closing stop loss at 25,150

• Nifty Bank intraday and closing stop loss at 55,125

For new positions in Nifty50:

• Buy Nifty with a stop loss at 24,900 for targets of 25,015, 25,060, 25,115, 25,200, 25,235 and 25,300

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

For new positions in Nifty Bank:

• Best range to Buy Nifty Bank is 55000-55200 stop loss at 54800 Tgt 55300, 55375, 55425, 55500, 55575, 55675

• Aggressive Traders Buy Nifty Bank Strict stop loss at 55150 Tgt 55500, 55575, 55650, 55700, 55925, 56075

• Best range to Sell Nifty Bank is 55900-56075: stop loss at 56200 Tgt 55700, 55650, 55575, 55500, 55425, 55300

• Aggressive Traders Sell Nifty Bank near 55700: Strict stop loss at 55775 Tgt 55575, 55500, 55425, 55375, 55300, 55200

Stocks in F&O ban

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

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