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. 

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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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