Anil Singhvi's strategy May 19: Nifty support zone is 15800-15900, Bank Nifty's 33300-33525

Amid negative global markets, neutral foreign institutional investors (FIIs) and future & options, positive Domestic Institutional Investors (DII), sentiments remain cautious and short term trends negative on Thursday, May 19, 2022.  

The domestic equity market closed with marginal loss amid profit booking as it snapped a two-day winning streak on Wednesday. The broader Nity50 and Sensex dropped 0.12% and 0.20% respectively as the 50-share index closed below 16,250 and the latter closed near 54,200. FMCG, Pharma and healthcare gained up to 1.25%, while all Nifty sectoral indices closed in the red with Realty and PSU Bank taking the maximum hit. 

Zee Business Managing Editor Anil Singhvi’s Market Strategy for May 19 

Nifty support zone 15800-15900, Below that 15675-15750 strong support zone 

Nifty higher zone 15975-16075, Above that 16200-16250 strong sell zone 

Bank Nifty support zone 33300-33525, Below that 32875-33125 strong support zone 

Bank Nifty higher zone 34000-34150, Above that 34300-34475 strong sell zone 

Nifty support levels 16075, 16000, 15975, 15900, 15850, 15800, 15740, 15675 

Nifty higher levels 16150, 16200, 16250, 16300, 16350, 16400 

Bank Nifty support levels 33900, 33675, 33600, 33525, 33300, 33150, 33000, 32875 
Bank Nifty higher levels 34000, 34150, 34300, 34350, 34475, 34550 

FIIs Index Long at 31% Vs 30% 

PCR changed at 0.87 vs 1.12 

India VIX down by 2% at  22.30 

For Existing Long Positions: 

Nifty Intraday SL 15650 n Closing SL 15775 

BankNifty Intraday SL 33000 n Closing SL 33100 

For Existing Short Positions: 

Nifty Intraday n Closing SL 16425 

BankNifty Intraday n Closing SL 34700 

For New Positions: 

Sell Nifty 

SL 16250 Tgt 15975, 15900, 15850, 15800, 15750, 15675 
Aggressive Traders Buy NIfty in 15750-15850 range: 
Strict Sl 15650 tgt 15900, 15975, 16000, 16075, 16150, 16200 

For New Positions: 

Sell BankNifty 

SL 34200 Tgt 33900, 33675, 33600, 33525, 33300, 33150, 33000, 32875 

Aggressive Traders Buy BankNIfty in 33000-33300 range: 

Strict SL 32800 tgt 33525, 33600, 33675, 33800, 33900, 34000 

F&O Ban Update: 

Already In Ban: GNFC, PNB, IB Housing Finance 

New In Ban: Delta Corp 

Out Of Ban: Nil