Anil Singhvi’s Strategy May 13: Support zone on Nifty is 15725-15800, Bank Nifty is 33150-33300
Amid neutral global markets and future & options (F&O), negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs) and cautious sentiments , the short-term trend of the Indian stock markets will be negative on Friday, May 13, 2022.
![Anil Singhvi’s Strategy May 13: Support zone on Nifty is 15725-15800, Bank Nifty is 33150-33300 Anil Singhvi’s Strategy May 13: Support zone on Nifty is 15725-15800, Bank Nifty is 33150-33300](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/05/13/182434-fams.jpg?itok=TXtUkTaa&c=2b6ddc76a6968f8833f3ed55da73dea4)
Amid neutral global markets and future & options (F&O), negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs) and cautious sentiments , the short-term trend of the Indian stock markets will be negative on Friday, May 13, 2022.
Indian stock markets fell more than two per cent on Friday amid negative global cues and sell off in the domestic market. The Sensex tanked over 1100 points to below 53,000-mark, while the Nifty50 slipped below 16,000-mark to 15800 level. Besides, Nifty mid cap and small cap too closed with around 2% cuts. Among sectoral indices, Nifty Bank declined more than 3% and PSU Bank tanked more than 5%.
Zee Business’ Managing Editor Anil Singhvi’s Market Strategy for May 13
Nifty support zone is 15725-15800, Below that 15550-15675 strong Buy zone
Nifty higher zone is 15950-16050, Above that 16150-16250 strong Sell zone
Bank Nifty support zone is 33150-33300, Below that 32875-33000 strong Support zone
Bank Nifty higher zone is 33900-34150, Above that 34275-34475 strong Sell zone
Nifty support levels are15725, 15675, 15625, 15550
Nifty higher levels are 15850, 15900, 15950, 16000, 16050, 16150, 16175, 16200
रिकवरी आने पर क्या करें ट्रेडर्स?
इन्वेस्टर्स के लिए पैसे लगाने का वक्त?
किस लेवल के ऊपर आएगी फ्रेश मजबूती?
बैंक निफ्टी में कौनसे लेवल्स संभव?
जानिए अनिल सिंघवी से...#StockMarketindia #Tradingview @AnilSinghvi_ pic.twitter.com/W7MR8QPFtM
— Zee Business (@ZeeBusiness) May 13, 2022
Bank Nifty support levels are 33400, 33300, 33150, 33000, 32875, 32450, 32375, 32150
Bank Nifty higher levels are 33900, 34000, 34150, 34275, 34350, 34475, 34575, 34700
FIIs Index Long near oversold at 17% Vs 21%, short covering expected from lower levels
PCR near oversold levels at 0.75 Vs 0.69
India VIX up by 6% at 24.27
For Existing Long Positions:
Nifty Intraday and Closing SL 15650
BankNifty Intraday SL 33250 and Closing SL 32850
For Existing Short Positions:
Nifty Intraday SL 16050 n Closing SL 16200
BankNifty Intraday n Closing SL 34300
For New Positions:
Buy Nifty with stoploss of 15650
Targets are: 15900, 15950, 16000, 16050, 16150, 16175
Sell Nifty in 16150-16300 range with stoploss of 16400
Targets are: 16050, 16000, 15950, 15900, 15850, 15800, 15750
For New Positions:
Buy BankNifty with stoploss of 33250
Targets are: 33900, 34000, 34150, 34275, 34350, 34475, 34575
Sell BankNifty in the 34150-34350 range:
SL 33600; Targets are 34000, 33900, 33525, 33400, 33300, 33150
F&O Ban Update:
New In Ban: PNB
Already In Ban: IB Housing Finance
Out Of Ban: Nil
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