Anil Singhvi strategy April 18: Key market triggers, important levels to track in Nifty50, Nifty Bank

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,575-17,650 levels, and a strong buy zone at 17,500-17,550 levels on Tuesday, April 18, a day after equity benchmarks halted a nine-day winning run. 

For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 42,000-42,125  levels and a strong buy zone in the 41,600-41,800 band.

Here's how Anil Singhvi sums up the market setup on April 18: 

• Global: Positive

• FII: Negative

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

For the 50-scrip headline index, he expects a higher zone at 17,750-17,800 levels and a profit-booking zone at 17,825-17,875 levels.​ For the banking index, he sees a higher zone at 42,450-42,600 levels and a strong sell area at 42,725-42,825 levels.

• FII index longs at 37 per cent on Tuesday vs 39 per cent
• Nifty put-call ratio (PCR) at 0.93 vs 1.28
• Nifty Bank PCR at 1.15 vs 1.34
• Fear index India VIX up three per cent at 12.27

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty Intraday n Closing SL 17500
  Bank Nifty Intraday SL 41800 n Closing SL 41500

For existing short positions:

• Nifty Intraday n Closing SL 17900
  Bank Nifty Intraday n Closing SL 42600

For new positions in Nifty:

• Buy Nifty in 17575-17650 range:
  SL 17500 Tgt 17700, 17725, 17750, 17800, 17825, 17850

  Sell Nifty in 17800-17900 range:
  SL 18000 Tgt 17725, 17700, 17650, 17625, 17600, 17575

For new positions in Nifty Bank:

• Buy Bank Nifty in 41800-42000 range:
  SL 41750 Tgt 42125, 42200, 42275, 42375, 42450, 42500

  Aggressive Traders Buy Bank Nifty:
  Strict SL 42000 Tgt 42375, 42450, 42500, 42550, 42625, 42725

  Sell Bank Nifty in 42500-42725 range:
  SL 42850 Tgt 42450, 42375, 42275, 42150, 42000, 41800

F&O ban update

• Already in ban: Balrampur Chini, Delta Corp
• New in ban: None
• Out of ban: None

Avalon Technologies listing preview

• Expected to list around issue price of Rs 436
• Long-term Investors can hold
• Short-term Investors can keep a suitable stop loss

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