Anil Singhvi Market Strategy (May 15): Important levels to track in Nifty 50, Nifty Bank today amid Indo-Pak ceasefire

Anil Singhvi Market Strategy: Amid a fragile ceasefire between India and Pakistan, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,500-24,600 levels and a strong buy zone at 24,365-24,450 levels on Thursday, May 15. 

For the Nifty Bank, the market wizard expects support at 54,375-54,500 levels and a stronger support zone at 54,100-54,275 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Neutral

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

• FII long positions unchanged at 38 per cent as before Wednesday's session

• Nifty put-call ratio (PCR) at 0.89 vs 0.85

• Nifty Bank PCR at 0.82 vs 0.83

• Volatility index India VIX down 5 per cent at 17.22

The market wizard sees a higher zone at 24,750-24,850 levels and a strong sell zone at 24,900-24,975 levels for the headline index.

For the banking index, he sees a higher zone at 55,000-55,175 levels and a strong sell zone at 55,300-55,475 levels. 

Can mild FII inflows trigger a big rally on Dalal Street?

• Some FII and DII inflows registered on Wednesday
• Buying witnessed across cash, index and stock futures segments
• Strong FII inflows from Friday through Tuesday
• Although the figures are small, the action is big 
• On Wednesday< net buying was low, but gross volumes quite high
• Gross buying and selling by FIIs and DIIs stood at around Rs 14,000-15,000 crore each
• This is a clear signal that FIIs are reshuffling their portfolios
• They seem to be booking profits in banking and oil & gas stocks after their recent run-up
• Buying seen in IT, metal, and defence stocks

Which level will occur in Nifty first, 24,000 or 25,000?

• Nifty has rallied nearly 4,000 points from its April 7 low in a near one-way surge
• Domestic economy strong
• War-related concerns subsided
• The risk of the index giving up the lower end of the range is low
• Nifty is unlikely to give up May 9’s low near 24,000 
• On the upside, resistance seems to be placed at 25,000–25,200 
• Nifty will remain rangebound but sector- and stock-specific action will gather steam

Which sectors to invest in?

• IT stocks have taken a hit due to tariff war fears
• Hopes of multiple trade deals are rising
• The risk of the US slipping into recession has eased
• No major impact expected on IT companies’ US operations
• Q4 results largely decent
• Guidance by most companies not bad at all
• Lower downside risk now 
• Attractive dividend yield will drive buying interest
• Around 6 per cent dividend yield makes these stocks attractive
• Slightly higher risk, but midcap IT stocks are set to perform better
• It is best to do monthly SIPs in IT mutual funds
• New-age e-commerce firms and select global IT stocks also look good

EDITOR'S TAKE | Cooling US inflation, Nasdaq rally to boost Indian IT stocks...

• Strong rally expected in midcap and smallcap stocks

• Midcap and smallcap results in comparison to largecaps 

• Stocks with strong results likely to see big upside

• Focus on the 24,500–24,800 range in Nifty today

• Nifty still looks stronger than Nifty Bank 

• Short-term weakness in banks, but long-term outlook very strong

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

For existing long positions: 

• Nifty intraday stop loss at 24,500 and closing stop loss at 24,450

• Nifty Bank intraday and closing stop loss at 54,450

For existing short positions:

• Nifty intraday and closing stop loss at 24,800

• Nifty Bank intraday and closing stop loss at 55,250

For new positions in Nifty50:

• The best range to buy Nifty is 24,475-24,600 with a stop loss at 24,400 for targets of 24,665, 24,700, 24,765, 24,800, 24,850 and 24,925

• The best range to sell Nifty is 24,800-24,925 with a stop loss at 25,000 for targets of 24,765, 24,700, 24,665, 24,600, 24,575 and 24,550

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 54,275-54,500 range with a strict stop loss at 54,075 for targets of 54,675, 54,800, 54,925, 55,000, 55,175 and 55,300

• Aggressive traders can sell Nifty Bank in the 55,200-55,375 range with a strict stop loss at 55,500 for targets of 55,000, 54,925, 54,800, 54,675, 54,600 and 54,500

Stocks in F&O ban

• New in ban: Hindustan Copper
• Already in ban: CDSL, Manppuram Finance
• Out of ban: None

RESULTS REVIEWS

Lupin 

Buy Lupin Futures:
SL 2065 Tgt 2130, 2155, 2175
Strong operational performance

USA business is doing good

Eicher Motors 

Eicher Motors Futures:
Mixed results
Margin below expectations but stock will recover from lower levels
Support Levels 5355 & 5370, Higher Levels 5490 & 5550

Tata Power 

Buy Tata Power Futures:
SL 391 Tgt 405, 409, 414
Best results in power sector
Solar business is doing good

Jubilant FoodWorks 

Jubilant FoodWorks Futures:
Results inline
Support Level 680, Higher Level 713

Apollo Tyres 

Apollo Tyres Futures:
Results below estimates due to one of expense
Support Levels 455 & 465, Higher Levels 483 & 495

STOCKS OF THE DAY | HAL, SHREE CEMENT, TILAKNAGAR...

Buy HAL futures for targets of Rs 4,940, Rs 5,080 and Rs 5,250 with a stop loss at Rs 4,700; buy Shree Cement futures for targets of Rs 31,650, Rs 32,225 and Rs 32,700 with a stop loss at Rs 30,550 

• Defence and cement stocks are looking very good

Buy Tilaknagar Industries shares for targets of Rs 308, Rs 312 and Rs 318 with a stop loss at Rs 294 

• Impressive results
• Strong operational performance 
• Margin improved from 13.5 per cent to 19.3 per cent 
• PAT up 146 per cent 

Buy Hitachi Energy shares for targets of Rs 16,950, Rs 17,100 and Rs 17,450 with a stop loss at Rs 16,900  

• Strong results on all parameters

Buy Ixigo for targets of Rs 171, Rs 173 and Rs 175 with a stop loss at Rs 164 

• Very strong all-round performance 
• But the stock has rallied 15 per cent in a week 
• Buy on dips 

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