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

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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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