Anil Singhvi strategy May 17: Important levels to track in Nifty 50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the May 17 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark emerging at 18,200-18,265 levels on Wednesday, May 17, and a strong buy zone at 18,065-18,150 levels. For the Nifty Bank, he sees support coming in at 43,525-43,675 levels and a strong buy zone at 43,200-43,375 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Negative
- FII: Positive
- DII: Negative
- F&O: Neutral
- Sentiment: Neutral
- Trend: Positive
For the 50-scrip headline index, he expects a higher zone at 18,315-18,345 levels and a profit-booking zone at 18,400-18,450 levels. For the banking index, he sees a higher zone at 44,000-44,150 levels, and the next big range after the 44,200 mark at 44,400-44,500 levels.
- FII index longs at 49 per cent on Wednesday vs 50 per cent the previous day
- Nifty put-call ratio (PCR) at 0.90 vs 1.35
- Nifty Bank PCR at 1.05 vs 1.42
- Fear index India VIX up one per cent at 13.29
ANIL SINGHVI MARKET STRATEGY
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