Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 18,175-18,225 levels on Thursday, May 25 — the last day of the monthly derivatives series, and a strong buy zone at 18,050-18,115 levels. 

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For the Nifty Bank, he sees support coming in at 43,475-43,525 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: Positive
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,315-18,350 levels and a profit-booking zone at 18,390-18,450 levels.​ For the banking index, he sees a higher zone at 43,800-43,950 levels and a strong sell zone at 44,000-44,150 levels.   

  • FII index longs at 49 per cent vs 50 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.01 vs 1.20
  • Nifty Bank PCR at 0.76 vs 0.98
  • Fear index India VIX up four per cent at 13.11

ANIL SINGHVI MARKET STRATEGY

Market wizard Anil Singhvi suggests buying at strong support levels as he expects a slower pace of growth in the Indian market owing to a lack of global support. One can also take profits at important levels on the upside, he adds. 

He believes there will be opportunities to trade on either side and investors need not worry as long as the Nifty and the Nifty Bank hold 18,000 and 43,000 levels on a closing basis respectively. 

He continues to see opportunities in midcap and smallcap stocks.

For existing long positions:

  • Nifty intraday stop loss at 18,175 and closing stop loss at 18,125
  • Nifty Bank intraday stop loss at 43,450 and closing stop loss at 43,650

For existing short positions:

  • Nifty intraday stop loss at 18,500 and closing stop loss at 18,400
  • Nifty Bank intraday stop loss at 44,200 and closing stop loss at 44,000

For new positions in Nifty:

  • Buy Nifty in the 18,115-18,215 range with a stop loss at 18,050 for targets of 18,265, 18,285, 18,315, 18,340 and 18,390
  • Sell Nifty in the 18,350-18,425 range with a stop loss at 18,500 for targets of 18,315, 18,285, 18,265, 18,215, 18,175 and 18,115

For new positions in Nifty Bank:

  • Buy Nifty Bank in 43,200-43,375 range with a stop loss at 43,000 for targets of 43,475, 43,525, 43,625, 43,675 and 43,750
  • Aggressive traders can buy Nifty Bank in the 43,475-43,525 range with a strict stop loss at 43,375 for targets of 43,625, 43,675, 43,750, 43,800, 43,875, 43,950 and 44,000
  • Sell Nifty Bank in the 43,900-44,000 range with a stop loss at 44,200 for targets of 43,850, 43,800, 43,750, 43,675, 43,625, 43,525 and 43,475

F&O ban

  • Already in ban: Delta Corp, Indiabulls Housing Finance
  • New in ban: None
  • Out of ban: None

RESULTS REVIEW

NALCO:

  • Results better than estimates on all parameters
  • Outlook not so strong
  • Profit booking expected at higher levels

Real estate sector:

  • Sector looking strong
  • Brigade Enterprises, Phoenix Mills and NESCO: Results of all three are very strong

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