Anil Singhvi strategy May 22: Important levels to track in Nifty 50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects strong support in the Nifty50 benchmark at 18,050-18,125 levels on Monday, May 22, and a strong buy zone at 17,925-18,000 levels. For the Nifty Bank, he sees support coming in at 43,675-43,800 levels and a strong buy zone at 43,475-43,525 levels.

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

• Global: Negative

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,265-18,285 levels and a profit-booking zone at 18,315-18,390 levels.​ For the banking index, he sees a higher zone at 44,000-44,150, and beyond 44,200, the next big level in the 44,400-44,500 area.   

• FII index longs at 48 per cent on Monday vs 49 per cent the previous day
• Nifty put-call ratio (PCR) at 1.01 vs 0.93
• Nifty Bank PCR at 1.15 vs 1.01
• Fear index India VIX down four per cent at 12.30

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 17,975
• Nifty Bank intraday stop loss at 43,450 and closing stop loss at 43,650

For existing short positions:

• Nifty intraday and closing stop loss at 18,325
• Nifty Bank intraday and closing stop loss at 44,200

For new positions in Nifty:

• Aggressive traders can buy Nifty in the 18,050-18,125 range with a strict stop loss at 17,975 for targets of 18,175, 18,200, 18,215, 18,265, 18,285, 18,315 and 18,390

• Aggressive traders sell Nifty in the 18,265-18,315 range with a strict stop loss at 18,400 for targets of 18,225, 18,200, 18,175, 18,125, 18,100 and 18,060

For new positions in Nifty Bank:

• Buy Nifty Bank in the 43,525-43,700 range with a stop loss at 43,450 for targets of 43,750, 43,800, 43,900, 43,975, 44,075 and 44,150

• Aggressive traders can sell Nifty Bank in the 44,000-44,150 range with a strict stop loss at 44,200 for targets of 43,900, 43,825, 43,750, 43,700, 43,575 and 43,525

F&O ban

• Out of ban: LIC Housing Finance, PNB
• Already in ban: L&T Finance, AB Fashion, Balrampur Chini, Manappuram Finance, Delta Corp, GNFC
• New in ban: None

RESULTS REVIEW

Buy Muthoot Finance with a stop loss at Rs 1,020 for targets of Rs 1,055, 1,065 and Rs 1,075

• Numbers better than estimates
• Strong loan growth
• Positive management commentary

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