Anil Singhvi Market Strategy (May 13): Important levels to track in Nifty 50, Nifty Bank today amid Indo-Pak ceasefire

Anil Singhvi Market Strategy: A day after Prime Minister Narendra Modi addressed the nation for the first time since the launch of India's retaliatory action under Operation Sindoor following the April 22 terror attack in Pahalgam, J&K, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,750-24,850 and a strong buy zone at 24,600-24,700 levels on Tuesday, May 13. 

For the Nifty Bank, the market wizard expects support at 54,925-55,100 levels and a strong buy zone at 54,575-54,775 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 50 per cent vs 48 per cent before Monday's session

• Nifty put-call ratio (PCR) at 1.29 vs 0.94

• Nifty Bank PCR at 0.90 vs 0.77

• Volatility index India VIX down 15 per cent at 18.39

The market wizard sees a higher zone at 24,975-25,125 levels and a strong sell zone at 25,225-25,375 levels for the headline index.

For the banking index, he sees a higher zone at 55,575-55,700 levels and a strong sell zone at 55,925-56,075 levels. 

10 main takeaways from PM Modi's historic post-Operation Sindoor address

• Operation Sindoor has only been suspended, it's not over; if Pakistan makes another mistake, India will strike again strongly
• Pakistan’s "nuclear blackmail" won’t work; India to make decisions on its own terms 
• Only our armed forces and security agencies deserve to be thanked, not the US or any other country 
• Pakistan surrendered and pleaded for a ceasefire 
• "Blood and water" will not flow together, "terror and talks" cannot take place simultaneously 
• India's talks with Pakistan will strictly be only about terroristm and PoK 
• Countries that nurture terrorism and terrorists are the same as terrorists themselves 
• If Pak doesn't eliminate terrorism, it will end up destroying itself 
• ‘Made in India’ weapons proved their might; Pakistan’s cheap Chinese drones were completely ineffective against Indian forces 
• If Pakistan repeats such actions in the future, India will strike straight at its heart Read more on PM Modi's May 12 address to nation 

Should you buy if Nifty50 opens 125 points lower?

• A big gap-down opening will be a buying opportunity
• The best level to buy is 24,600 (where the breakout began on Monday)
• Nifty50 might not dip to the same level again
• However, a good entry range for traders can be 24,750-24,850 

For the bulls who missed Monday's stunning rally on Dalal Street...

• There are two things that can be done now:
  • Buy on a breakout above the 25,000 mark; 25,200-25,300 will be the next target in that case
  • Otherwise, wait for a correction and buy in the 24,500-24,600 range
• Instead of indices, look for sectoral and stock-specific opportunities to buy

How much can Dalal Street benefit from Wall Street's rally?

• US-China trade deal drove the rally on Wall Street
• US President Donald Trump has decided to drastically cut tariff on China for the coming three months
• This is a good sign for global markets
• Gold will continue to be weak owing to this news

Are strong FII and DII inflows set to support Dalal Street?

• Strong FII and DII inflows on Monday
• Although FIIs made relatively smaller net purchases in the cash market, inflows in futures amounted to Rs 7,074 crore
• Inflows across cash, index and stock futures segments amounted to Rs 9,531 crore
• FIIs remain bullish on India
• Inflows are set to support the market at lower levels

Why a muted start despite stng signals?

• FIIs' spot market inflows are not as big given Monday's huge rally
• PM Modi has said clearly that Operation Sindoor has only been paused and is not over

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions: 

• Nifty intraday stop loss at 24,750 and closing stop loss at 24,575

• Nifty Bank intraday and closing stop loss at 54,900

For existing short positions:

• Nifty intraday and closing stop loss at 25,050

• Nifty Bank intraday and closing stop loss at 55,700

For new positions in Nifty50:

• The best range to buy Nifty is 24,700-24,800 with a stop loss at 24,575 for targets of 24,850, 24,925, 24,975, 25,000, 25,050, 25,135 and 25,235

• Sell Nifty only if it breaks below 24,575

• Aggressive traders can sell Nifty in the 25,125-25,275 range with a strict stop loss at 25,375 for targets of 25,050, 25,000, 24,950, 24,925, 24,850 and 24,800

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 55,000-55,175 with a stop loss at 54,900 for targets of 55,375, 55,475, 55,575, 55,650, 55,925 and 56,075

• Aggressive traders can sell Nifty Bank in the 55,575-55,700 range with a strict stop loss at 55,800 for targets of 55,475, 55,375, 55,300, 55,175, 55,075 and 55,000

Stocks in F&O ban

• Out of ban: RBL Bank
• Already in ban: CDSL, Manppuram Finance
• New in ban: None

STOCKS OF THE DAY

Buy Zaggle Prepaid shares for targets of Rs 371, Rs 375 and Rs 380 with a stop loss at Rs 360 

• Strong results 
• Revenue up 51 per cent
• PAT up 63 per cent 
• The only risk is the stock has already rallied 8 per cent on Monday

Buy Raymond shares for targets of Rs 1,590, Rs 1,610 and Rs 1,625 with a stop loss at Rs 1,550 

• Strong results 
• Revenue up 110 per cent
• EBIDTA up 89 per cent 
• The only risk is the stock has rallied 8 per cent on Monday

Sell Hindalco futures for targets of Rs 643, Rs 638 and Rs 626 with a stop loss at Rs 667 

• Subsidiary Novelis's results are in line with estimates 
• No guidance from Novelis is negative

Sell UPL futures for targets of Rs 664 and 650

• Results came on Monday
• Results are good but the company has given a weak guidance for next two quarters

RESULTS REVIEW

Tata Steel 

• Results in line with estimates
• All eyes on analyst call today
• The stock rallied 6 per cent on Monday
• Futures have support at Rs 144 and Rs 147
• Higher levels expected at Rs 155 and Rs 157

SRF

• Results came at 3:30 pm yesterday
• Concall today at 3 pm 
• Results a little better than expectations
• Profit booking expected at higher levels
• Futures have support at Rs 2,920 and Rs 2,880
• A higher level is expected at Rs 3,100

Catch key stock market updates here. For all other news, visit Zeebiz.com.