Anil Singhvi Market Strategy May 15: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 22,050-22,125 levels and a strong buy zone at 21,925-22,000 levels on Wednesday, May 15.

For the Nifty Bank, he expects support to come in at 47,500-47,625 levels followed by a stronger support zone at 47,325-47,425 levels.

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

• Global: Positive

• FII: Negative

• DII: Positive 

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

He expects a higher zone for the headline index at 22,275-22,350 levels and a strong sell zone at 22,400-22,475 levels.

For the banking index, he expects a higher zone at 48,000-48,150 levels and a strong sell zone at 48,275-48,425 levels.

Editor's Take

• Wall Street appears to be in a mood to stage strong moves
• Investors shrugging off worsening inflation as well as Chinese sanctions
• Dalal Street staging a decent recovery despite rapid FII outflows
• Profit-taking expected in Nifty50 at 22,300-22,400 levels and in Nifty Bank at 48,425-48,575 levels
• Very strong support for Nifty50 at 21,950-22,100 levels and Nifty Bank at 47,075-47,300 
• Buying to gather steam if Nifty50 and Nifty Bank close above 22,300 and 48,300, respectively 

ANIL SINGHVI MARKET STRATEGY  

• FII index longs at 30 per cent vs 34 per cent the previous day

• Nifty put-call ratio (PCR) at 1.02 vs 0.97

• Nifty Bank PCR at 0.80 vs 0.90

• Volatility index India VIX down two per cent at 20.20

For existing long positions:

• Nifty intraday and closing stop loss at 22,000

• Nifty Bank intraday and closing stop loss at 47,300

For existing short positions:

• Nifty intraday and closing stop loss at 22,300

• Nifty Bank intraday and closing stop loss at 48,000

For new positions in Nifty:

• The best range to buy Nifty is 22,050-22,130 with a stop loss at 22,000 for targets of 22,200, 22,265, 22,300, 22,350 and 22,400

• The best range to sell Nifty is 22,300-22,400 with a stop loss at 22,500 for targets of 22,225, 22,200, 22,150, 22,100, 22,075 and 22,000

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 47,425-47,625 with a stop loss at 47,300 for targets of 47,750, 47,850, 47,925, 48,000, 48,075 and 48,150 

• Aggressive traders buy Nifty Bank with a strict stop loss at 47,600 for targets of 48,000, 48,075, 48,150, 48,275, 48,425 and 48,475

• The best range to sell Nifty Bank is 48,275-48,475 with a stop loss at 48,600 for targets of 48,200, 48,075, 48,000, 47,925, 47,850 and 47,750

F&O ban update

• New in ban: Birlasoft
• Out of ban: PNB
• Already in ban: Piramal Enterprises, Hindustan Copper, Canara Bank, Zee Entertainment Enterprises, SAIL, Balrampur Chini, GMR Airports, Vodafone Idea

Results Reviews

Bharti Airtel 

• Bharti Airtel futures expected to find support at Rs 1,262 and Rs 1,270
• Higher levels for futures at Rs 1,310 and Rs 1,330
• Profit slightly below expectation due to exceptional items
• Subscribers’ addition at a 12-quarter high
• ARPU up eight per cent
• Buy on dips
• Keep in portfolio; don’t sell
• Add at lower levels

Siemens 

• Siemens futures have support at Rs 6,450 and expected to test a higher level of Rs 6,800
• Results very strong on all parameters but weaker in comparison to ABB
• Stock already up 55 per cent in three months
• Add on declines

Colgate-Palmolive 

• Colgate-Palmolive futures have support at Rs 2,745 and Rs 2,785
• Higher levels placed for futures at Rs 2,860 and Rs 2,880
• Strong results on all parameters
• Strong management commentary
• Strong margins despite a big increase in ad expense
• Concall at 10:30 am
• Stock has run up 80 per cent in a year

Apollo Tyres 

• Apollo Tyres futures have support at Rs 462 and Rs 458
• A higher level for futures at Rs 483
• Weak results on all parameters but stock down 10 per cent after Ceat results

Oberoi Realty 

• Oberoi Realty futures have support at Rs 1,465 and a higher level expected at Rs 1,555
• Extraordinary strong results
• Stock already up in three months
• No MSCI inclusion

Stocks of the Day

Buy Shree Cement futures with a stop loss at Rs 25,995 for targets of Rs 26,885, Rs 27,050 and Rs 27,225

• Results above estimates
• Strong volume growth

Buy Navin Fluorine futures with a stop loss at Rs 3,330 for targets of Rs 3,425 and Rs 3,475

• UBS has initiated coverage with 'buy' rating, Rs 4,250 target 
• Strong growth expected in agrochemicals, CDMO and refrigerants

Buy V-Mart shares with a stop loss at Rs 2,150 for targets of Rs 2,195, Rs 2,245 and Rs 2,290

• Strong operational performance
• Though still in loss but EBITDA up 74 per cent

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