Anil Singhvi strategy April 15: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 22,325-22,425 levels and a stronger support zone at 22,175-22,300 levels for the headline Nifty50 index on Monday, April 15.

For the Nifty Bank, he expects initial support to come in at 47,900-48,075 levels followed by a stronger support zone at 47,550-47,725 levels.

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

• Global: Negative

• FII: Negative

• DII: Positive  

• F&O: Neutral

• Sentiment: Cautious

• Trend: Positive

He expects a higher level for the headline index at 22,500-22,550 levels and a strong sell zone at 22,600-22,700 levels. 

For the banking index, Singhvi expects a higher zone at 48,475-48,575 levels and a strong sell zone at 48,625-48,875 levels. 

ANIL SINGHVI MARKET STRATEGY  

• FII index longs at 56 per cent vs 59 per cent the previous day

• Nifty put-call ratio (PCR) at 0.87 vs 1.03

• Nifty Bank PCR at 0.76 vs 1.07

• Volatility index India VIX up four per cent at 11.53

Editor's take

• Iran-Israel tensions not too much of a concern
• Situation under control as of now
• Low possibility of tensions rising
• Crude oil to determine future moves

What should traders do?

• Keep positions light 
• High possibility of stop losses being triggered in case of wild swings
• One can expect a 50-100-point upmove in the Nifty50 owing to news flow
• One should reduce both intraday and overnight positions

What should investors do?

• No need to fear or panic
• So many such situations have come and gone

What to change in the portfolio?

• Exit commodity consumers to enter commodity producers
• Rise in commodity rates to benefit commodity producers
• Firms like Hindustan Copper, Vedanta, NMDC, NALCO, Hindalco to benefit
• Cement, cables & wires makers may take a hit
• Negative for construction companies such as L&T 

For existing long positions:

• Nifty intraday stop loss at 22,300 and closing stop loss at 22,425

• Nifty Bank intraday and closing stop loss at 48,400

For existing short positions:

• Nifty intraday and closing stop loss at 22,725
• Nifty Bank intraday and closing stop loss at 48,900

For new positions in Nifty:

• Sell Nifty with a stop loss at 22,725 for targets of 22,425, 22,375, 22,350, 22,325, 22,250 and 22,200

• Aggressive traders can buy Nifty in the 22,200-22,350 range with a strict stop loss at 22,100 for targets of 22,425, 22,450, 22,500, 22,550 and 22,600

For new positions in Nifty Bank:

• Sell Nifty Bank with a stop loss at 48,900 for targets of 48,425, 48,250, 48,075, 48,000, 47,900 and 47,725

• Aggressive traders can buy Nifty Bank in the 47,550-47,725 range with a strict stop loss at 47,375 for targets of 47,825, 47,900, 47,975, 48,075, 48,250 and 48,425

F&O ban update

• New in ban: GNFC, Metropolis, PEL

• Already in ban: Balrampur Chini, Hindustan Copper, Vodafone Idea, India Cements, NALCO, ZEEL

• Out of ban: Exide Industries, SAIL 

Results review

TCS 

• Numbers a mixed bag
• Margin strong, TVS positive
• Revenue slightly below estimates
• Decreasing headcount a negative
• Management commentary stable
• A higher start may lead to profit-taking
• Futures have support at Rs 3,980, Rs 3,955 and Rs 3,915
• Higher levels for futures at Rs 4,045, Rs 4,075 and Rs 4,110

Noteworthy things in BJP manifesto

• Focus on transforming India into a manufacturing hub
• Positive for defence, railway, aviation, textiles 
• Promotes auto, EVs, semiconductors, electronics

Stocks of the day

Buy Exide futures with a stop loss at Rs 390 for targets of Rs 410 and Rs 418

• Stock out of ban
• 'Buy' rating by Morgan Stanley
• Brokerage has raised target to Rs 485 from Rs 373

Sell Maruti Suzuki futures with a  stop loss at Rs 12,370 for targets of Rs 12,050, Rs 11,940 and Rs 11,800

• Commodity consumers looking weak

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