Anil Singhvi strategy May 15: Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the May 15 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees support for Nifty50 coming in at 18,215-18,265 levels on May 15.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 18,215-18,265 levels and a strong buy zone at 18,100-18,150 levels on Monday, May 15. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 43,475-43,575 levels and a strong buy zone at 43,200-43,375 levels.

Here's how Anil Singhvi sums up the market setup on May 15:

Global: Neutral
FII: Positive

TRENDING NOW
DII: Negative
F&O: Neutral
Sentiment: Positive
Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,315-18,375 levels and a strong sell zone at 18,400-18,450 levels. For the banking index, he sees a higher zone at 43,850-43,950 levels, levels and a strong sell zone at 44,050-44,150 levels.

FII index longs at 46 per cent on Monday vs 47 per cent the previous day
Nifty put-call ratio (PCR) at 1.24 vs 1.25
Nifty Bank PCR at 1.29 vs 1.06
Fear index India VIX down three per cent at 12.85

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty intraday and closing stop loss at 18,175
Nifty Bank intraday and closing stop loss at 43,200

For existing short positions:

Nifty intraday and closing stop loss at 18,400
Nifty Bank intraday and closing stop loss at 44,000

For new positions in Nifty:

Buy Nifty in the 18,150-18,225 range with a stop loss at 18,100 for targets of 18,265, 18,300, 18,325, 18,350 and 18,400
Sell Nifty in the 18,350-18,400 range with a stop loss at 18,450 for targets of 18,315, 18,265, 18,225, 18,200 and 18,150

For new positions in Nifty Bank:

Buy Nifty Bank in the 43,300-43,475 range with a stop loss at 43,100 for targets of 43,575, 43,675, 43,725, 43,775, 43,850 and 43,900
Aggressive traders can sell Nifty Bank with a strict stop loss at 44,000 for targets of 43,700, 43,600, 43,525, 43,475, 43,375, 43,300, 43,225 and 43,125

F&O ban

New in ban: Delta Corp, GNFC
Already in ban: PNB, Canara Bank, BHEL, Manappuram Finance
Out of ban: None

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Buy Navin Fluorine for targets of Rs 4,795, Rs 4,840 and Rs 4,875 with a stop loss at Rs 4,720

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Sell IGL futures for targets of Rs 480 and Rs 470 with a stop loss at Rs 500

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Expensive stock

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Anil Singhvi strategy May 15: Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the May 15 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Here's how Anil Singhvi sums up the market setup on May 15:

TRENDING NOW

ANIL SINGHVI MARKET STRATEGY