Anil Singhvi’s Strategy May 18: Support zone on Nifty is 16075-16150, Bank Nifty is 33800-34000

Amid positive global markets, Domestic Institutional Investors (DII) and sentiments, neutral future & options and foreign institutional investors (FIIs), the short-term trend on Wednesday, May 18, 2022, will be negative. 

Meanwhile, tracking Asian market and rebound in broader markets, benchmark indices on Tuesday rose by more than 2.5 per cent as Nifty50 closed above 16,250 and the Sensex gained more than 1300 points. The 12-share Bank Nifty added over 700 points or surged by more than 2% to settle near 34,300. With over 6% gains, Nifty Metal was the leading gainer among sectoral indices. Nifty oil & gas alse ended higher by more thah 3.5% as they led the rally in the domestic market.  

#EditorsTake

अमेरिकी बाजारों से कैसे हैं संकेत?

US में महंगाई कितनी बड़ी चिंता?

बाजार के लिए क्या हो आज की स्ट्रैटेजी?#USMarket #StockMarket @AnilSinghvi_ pic.twitter.com/QTm0vjXk43

— Zee Business (@ZeeBusiness) May 18, 2022

Zee Business’ Managing Editor Anil Singhvi’s Market Strategy for May 18

Nifty support zone 16075-16150, Below that 15900-16000 strong Buy zone 
Nifty higher zone 16300-16350, Above that 16400-16475 Profit booking zone 

Bank Nifty support zone 33800-34000, Below that 33550-33675 strong Buy zone 

Bank Nifty higher zone 34475-34600, Above that 34900-35100 Profit booking zone 

Nifty support levels 16200, 16175, 16150, 16075, 16000, 15975, 15900 

Nifty higher levels 16300, 16350, 16400, 16475, 16500, 16600 

Bank Nifty support levels 34150, 34000, 33900, 33825, 33675, 33600, 33550, 33300 

Bank Nifty higher levels 34350, 34475, 34550, 34600, 34700, 34775, 34900, 34950 

FIIs Index Long at 30% Vs 29% 

PCR changed at 1.12 Vs 0.73 

India VIX down by 7% at 22.74   

For Existing Long Positions: 

Nifty Intraday SL 15900 n Closing SL 15775 

BankNifty Intraday SL 33900 n Closing SL 33500 

For Existing Short Positions: 

Nifty Intraday SL 16300 n Closing SL 16425 

BankNifty Intraday SL 34400 n Closing SL 34700 

For New Positions: 

Buy Nifty in 16000-16150 range: 

SL 15900 Tgt 16200, 16250, 16300, 16350, 16400, 16475 

Sell Nifty in 16400-16475 range: 

SL 16600 Tgt 16350, 16300, 16250, 16200, 16175, 16150, 16075 

For New Positions: 

Buy BankNifty in 33800-34000 range: 

SL 33500 Tgt 34150, 34300, 34475, 34550, 34600, 34700, 34775, 34900 

Sell BankNifty in 34700-34900 range: 

SL 35100 Tgt 34600, 34550, 34475, 34300, 34350, 34150, 34000, 33900 

F&O Ban Update: 

Already In Ban: GNFC, PNB, IB Housing Finance 

New In Ban: Nil 

Out Of Ban: Nil 

Ethos IPO Preview: 

Risk taking investor can apply 

Positives: 

Strong promotors background 

Good financial track record and profit making company 

asset light model & low debt 

high profile investor 

 
Negatives: 

expensive valuations 

low margin trading business 

revenue growth not impressive