Anil Singhvi strategy May 15: Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 18,215-18,265 levels and a strong buy zone at 18,100-18,150 levels on Monday, May 15. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 43,475-43,575 levels and a strong buy zone at 43,200-43,375 levels.

Here's how Anil Singhvi sums up the market setup on May 15: 

• Global: Neutral

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,315-18,375 levels and a strong sell zone at 18,400-18,450 levels.​ For the banking index, he sees a higher zone at 43,850-43,950 levels,  levels and a strong sell zone at 44,050-44,150 levels.

• FII index longs at 46 per cent on Monday vs 47 per cent the previous day
• Nifty put-call ratio (PCR) at 1.24 vs 1.25
• Nifty Bank PCR at 1.29 vs 1.06
• Fear index India VIX down three per cent at 12.85

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 18,175
• Nifty Bank intraday and closing stop loss at 43,200

For existing short positions:

• Nifty intraday and closing stop loss at 18,400
• Nifty Bank intraday and closing stop loss at 44,000

For new positions in Nifty:

• Buy Nifty in the 18,150-18,225 range with a stop loss at 18,100 for targets of 18,265, 18,300, 18,325, 18,350 and 18,400

• Sell Nifty in the 18,350-18,400 range with a stop loss at 18,450 for targets of 18,315, 18,265, 18,225, 18,200 and 18,150

For new positions in Nifty Bank:

• Buy Nifty Bank in the 43,300-43,475 range with a stop loss at 43,100 for targets of 43,575, 43,675, 43,725, 43,775, 43,850 and 43,900

• Aggressive traders can sell Nifty Bank with a strict stop loss at 44,000 for targets of 43,700, 43,600, 43,525, 43,475, 43,375, 43,300, 43,225 and 43,125

F&O ban

• New in ban: Delta Corp, GNFC
• Already in ban: PNB, Canara Bank, BHEL, Manappuram Finance
• Out of ban: None

Stocks of the day

Buy Tata Motors futures for a target of Rs 530 with a stop loss at Rs 540 

• Very strong results with revenue, profit, margin above estimates
• Higher Jaguar Land Rover volumes, realisations 
• Strong free cash flow
• Impressive debt reduction, at 24 per cent
• Positive management guidance

Buy Navin Fluorine for targets of Rs 4,795, Rs 4,840 and Rs 4,875 with a stop loss at Rs 4,720 

• Strong performance on all parameters
• Revenue, margin above estimates
• Strong management commentary on demand

Buy DLF futures for targets of Rs 448 and Rs 460 with a stop loss at Rs 430 

• Very strong performance
• Bookings at record high
• Impressive debt reduction

Sell Colgate futures for targets of Rs 1,586 and Rs 1,575 with a stop loss at Rs 1,635 

• Volume declines for 5th straight quarter
• Volume down one per cent vs estimates of 3-4 per cent growth
• Margin better due to lower ad spends

Sell IGL futures for targets of Rs 480 and Rs 470 with a stop loss at Rs 500 

• Weak results than MGL, Gujarat Gas
• Revenue flat, margin below estimate
• Expensive stock

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