Anil Singhvi Market Strategy (May 16): 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 24,850-24,975 levels and a strong buy zone at 24,675-24,775 levels on Friday, May 16. 

For the Nifty Bank, the market wizard expects support at 54,800-55,000 levels and a strong buy zone at 54,450-54,600 levels. 

How market guru Anil Singhvi sums up trade setup: 

• Global: Positive

• FII: Positive

• DII: Neutral

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 46 per cent vs 38 per cent before Thursday's session

• Nifty put-call ratio (PCR) at 1.19 vs 0.89

• Nifty Bank PCR at 0.93 vs 0.82

• Volatility index India VIX down 2 per cent at 16.89

The market wizard sees a higher zone at 25,135-25,235 levels and a profit-booking zone at 25,300-25,425 levels for the headline index.

For the banking index, he sees a higher zone at 55,475-55,675 levels and a strong sell zone at 55,925-56,075 levels. ​

Will FIIs continue to be net buyers for a third straight day?

• FIIs net purchased Indian shares worth Rs 6,324.7 crore in two back-to-back sessions
• On Thursday, buying to the tune of Rs 16,200 crore was witnessed across cash, index and stock futures segments
• Friday's session is set to be crucial 
• Since last Friday, FIIs have maintained a trend of one day of big buying followed by one day of selling
• The market has shown a pattern of sharp rallies followed by profit-booking
• All signals for buying continue to be positive
• One can expect decent buying, if not massive, on Friday

After the breakout above 25,000, what's the next major target for Nifty50?

• Since October, Nifty has crossed 25,000 for the first time  
• The index staged a breakout on Thursday
• Nifty’s support range has moved higher
• The new zone is placed at 24,500-24,675
• The short-term target is at 25,200-25,275
• After that, the next significant target is at 25,625–25,800
• Nifty Bank support around 54,450-54,600
• After closing above 55,650, Nifty Bank could hit a new lifetime high above 56,100
• Nifty still looks stronger than Nifty Bank at the current juncture

In sectoral rotation, which stocks will rise and which will fall?

• Power stocks are showing signs of profit-booking
• FMCG stocks look subdued
• More action likely in global-facing sectors like IT and metals
• Strong earnings could trigger buying at lower levels in defence and auto shares
• Expect aggressive buying in the midcap and smallcap stocks of companies posting good results

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

For existing long positions: 

• Nifty intraday and closing stop loss at 24,900

• Nifty Bank intraday stop loss at 55,000 and closing stop loss at 54,800

For existing short positions:

• Nifty intraday and closing stop loss at 25,150

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

For new positions in Nifty50:

• The best range to buy Nifty is 24,850-24,975 with a stop loss at 24,750 for targets of 25,050, 25,100, 25,135, 25,235, 25,300 and 25,335

• Aggressive traders can sell Nifty in the 25,235-25,375 range with a strict stop loss at 25,500 for targets of 25,135, 25,075, 25,000, 24,950 and 24,850

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 54,800-55,000 range with a strict stop loss at 54,700 for targets of 55,100, 55,200, 55,350, 55,475, 55,575 and 55,650

• Aggressive traders can sell Nifty Bank in the 55,575-55,700 range with a strict stop loss at 55,800 for targets of 55,375, 55,300, 55,200, 55,100, 55,000 and 54,900

Stocks in F&O ban

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

RESULTS REVIEWS

PB Fintech 

• Strong performance on all fronts
• Buy PB Fintech futures for targets of Rs 1,800, Rs 1,825 and Rs 1,850 with a stop loss at Rs 1,750 

Page Industries 

• Strong volume growth
• Margin expansion started
• One may hold and avoid selling in a hurry
• Buy Page Industries futures for targets of Rs 47,500, Rs 47,950 and Rs 48,700 with a stop loss at Rs 46,000 

NCC 

• Results below estimates
• Poor execution is big cause of concern
• Sell NCC futures for targets of Rs 226, Rs 224 and Rs 220 with a stop loss at Rs 233 

JSW Energy 

• Weak results
• The stock should make a big gap-down opening
• One should avoid shorting at lower levels
• It will be a good opportunity to buy if falls more than 4-5 per cent 
• JSW Energy futures have support at Rs 470 and Rs 477

CG Consumer 

• Very strong results on all parameters
• Concall was very weak
• Don’t buy in case of a gap-up opening
• Instead, book profit and sell at higher levels

LIC Housing

• Results in line with estimates 
• Investors should wait for the conference call scheduled at 11 am on Friday for more clarity
• Futures have support at Rs 612 and Rs 618 and an expected higher level at Rs 635

Patanjali

• Results exceed estimates
• Strong operational performance
• Support at Rs 1,775 and Rs 1,800

STOCKS OF THE DAY

Buy Lupin Futures for targets of Rs 2,100, Rs 2,115 and Rs 2,145 with a stop loss at Rs 2,050 

• Post-results concall was very good
• Double-digit growth guidance for the US business
• 3 new US launches lined up in H2FY26
• The India business is set to outperform sector growth

Buy Abbott shares for targets of Rs 30,550, Rs 30,800 and Rs 31,350 with a stop loss at Rs 30,000 

• Impressive results 
• Improved operational performance 
• Margin up at 26.7 per cent from 22.9 per cent  

Buy SKF India for targets of Rs 4,400, Rs 4,450 and Rs 4,525 with a stop loss at Rs 4,250 

• Strong operational performance

Buy Allied Blenders for targets of Rs 415, Rs 420 and Rs 428 with a stop loss at Rs 400 

• Impressive results
• Strong operational performance

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