Anil Singhvi strategy May 22: 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 22 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 a buy zone for Nifty50 emerging at 17,925-18,000 levels on May 22.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects strong support in the Nifty50 benchmark at 18,050-18,125 levels on Monday, May 22, and a strong buy zone at 17,925-18,000 levels. For the Nifty Bank, he sees support coming in at 43,675-43,800 levels and a strong buy zone at 43,475-43,525 levels.

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

Global: Negative
FII: Neutral

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

For the 50-scrip headline index, he expects a higher zone at 18,265-18,285 levels and a profit-booking zone at 18,315-18,390 levels. For the banking index, he sees a higher zone at 44,000-44,150, and beyond 44,200, the next big level in the 44,400-44,500 area.

FII index longs at 48 per cent on Monday vs 49 per cent the previous day
Nifty put-call ratio (PCR) at 1.01 vs 0.93
Nifty Bank PCR at 1.15 vs 1.01
Fear index India VIX down four per cent at 12.30

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty intraday and closing stop loss at 17,975
Nifty Bank intraday stop loss at 43,450 and closing stop loss at 43,650

For existing short positions:

Nifty intraday and closing stop loss at 18,325
Nifty Bank intraday and closing stop loss at 44,200

For new positions in Nifty:

Aggressive traders can buy Nifty in the 18,050-18,125 range with a strict stop loss at 17,975 for targets of 18,175, 18,200, 18,215, 18,265, 18,285, 18,315 and 18,390
Aggressive traders sell Nifty in the 18,265-18,315 range with a strict stop loss at 18,400 for targets of 18,225, 18,200, 18,175, 18,125, 18,100 and 18,060

For new positions in Nifty Bank:

Buy Nifty Bank in the 43,525-43,700 range with a stop loss at 43,450 for targets of 43,750, 43,800, 43,900, 43,975, 44,075 and 44,150
Aggressive traders can sell Nifty Bank in the 44,000-44,150 range with a strict stop loss at 44,200 for targets of 43,900, 43,825, 43,750, 43,700, 43,575 and 43,525

F&O ban