Market Guru's Strategy: Nifty50 strong support at 22,075-22,300 and 21,750-22,000—Other key levels to track

Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index emerging at 22,800-23,000 and 22,500-22,750 levels on Monday, March 16, followed by stronger support at 22,075-22,300 and 21,750-22,000 levels.

The market wizard sees support for the Nifty Bank coming in at 53,500-53,675 and 53,100-53,350 levels, followed by stronger support at 52,750-52,925 and 52,050-52,325 levels.

Now, here's how the market wizard sums up the trade setup:

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• Global: Negative
• FII: Negative
• DII: Positive
• F&O: Neutral
• Sentiment: Negative
• Trend: Negative

• FII long positions at 9.93 per cent vs 10.61 per cent before Friday's session

• Nifty put-call ratio (PCR) at 0.74 vs 0.86

• Nifty Bank PCR 0.76 vs 0.79

For the headline index, the market wizard expects a higher zone at 23,350-23,500 and 23,550-23,650 levels, and a strong sell zone at 23,700-23,865 levels.

For the banking index, he expects a higher zone at 54,375-54,475 and 54,700-54,750 levels, and a strong sell zone at 55,100-55,275 levels.

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

For existing long positions:

• Nifty intraday and closing stop loss at 23,000
• Nifty Bank intraday and closing stop loss at 53,500

For existing short positions:

• Nifty intraday stop loss at 23,350 and stop loss at 23,500
• Nifty Bank intraday stop loss at 54,000 and closing stop loss at 54,750

For new positions in Nifty50:

• The best range to sell Nifty is 23,500-23,700 with a stop loss at 23,875 for targets of 23,150, 23,100, 23,000, 22,825, 22,750 and 22,525

• Buy signal will come in the index crosses 23,500

• Aggressive traders can buy Nifty with a strict stop loss at 23,000 for targets of 23,350, 23,500, 23,550, 23,600, 23,650, 23,700 and 23,835

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank near the 54,700 mark with a strict stop loss at 54,850 for targets of 54,375, 53,900, 53,750, 53,675, 53,500, 53,350 and 53,100

• Buy signal only if the banking index crosses 54,800

• Aggressive traders can buy Nifty Bank with a strict stop loss at 53,500 for targets of 53,900, 54,375, 54,700, 54,900, 55,100 and 55,275

Futures & options (F&O) ban

• Already in ban: SAIL, Sammaan Capital
• New in ban: None
• Out of ban: None

Weekly market data

• Global markets closed weaker across the board last week
• Nifty fell 5.31 per cent -- the weakest among major markets
• Both Nifty50 and Nifty Bank declined for a third straight week
• Nifty saw its biggest weekly fall in 3.5 years; Nifty Bank recorded its biggest weekly fall in 5.5 years, declining 7 per cent
• Midcap Select closed weaker for a second straight week; Midcap Select recorded its biggest weekly fall in 18 months, down 4.1 per cent
• Smallcap Index declined for a fourth back-to-back week
• Smallcap Index saw its biggest weekly fall in 18 months, down 3.7 per cent
• Rate-sensitive sectors saw the sharpest declines
• Auto fell 10.6 per cent, PSU Banks 7.3 per cent, Realty 4.3 per cent
• Metals declined 6 per cent, FMCG 4.1 per cent, IT 3.5 per cent
• Nifty50, Bank Nifty, Midcap Select and Smallcap each formed a lower-high-lower-low pattern for a third straight day
• Nifty touched an 11-month low of 23,112, Nifty Bank a six-month low of 53,675
• Nifty Bank is 15 per cent (about 8,000 points) below its February 3 life high of 61,764
• Midcap Select decisively broke the major support level of 13,000
• Midcap Select touched a five-month low of 12,579
• Smallcap Index stands 24 per cent below its life high (December 2024)
• IT, Realty and FMCG indices are at two-year lows
• Auto index is at a six-month low
• PSU Bank index is at a one-month low
• PSU Bank index closed below the 100-day moving average (DMA) for the first time in six months
• India VIX rose for a third straight day, gaining 5.2 per cent to close at 22.64
• FII Index Futures long positions declined from 10.61 per cent to 9.93 per cent, a 37-day low
• The last time FII positioning was this low was January 20, 2026, at 9.18 per cent
• FIIs sold Rs 10,716 crore in cash on Friday, marking the 11th straight day of selling
• Across cash, index futures and stock futures, FIIs recorded net selling of Rs 16,874 crore for the 11th day
• DIIs bought Rs 9,977 crore, marking the 13th straight day of buying

Global markets

• Dow and S&P fell for a fourth straight day, hitting 3.5-month lows; Dow dropped 1,200 points in four days
• For the first time in 2026, the Dow and S&P have fallen for four consecutive days
• Nasdaq is also at four-month lows
• Memory stocks surged sharply
• Sandisk rose 26 per cent in a week and 635 per cent in six months
• Micron gained 15 per cent in a week and 170 per cent in six months
• INR fell by 27 paise to close at 92.46 per USD
• On Friday, the rupee touched a new all-time low of 92.48
• Dollar Index moved above 100, near May 2025 highs
• US bond yields rose for the fifth straight day, reaching 4.28 per cent, a 7-week high
• Crude oil moved above $103/barrel, rising 17 per cent in three days and 70 per cent higher so far this year
• Gold and silver declined for a third consecutive day
• Gold fell by Rs 1,805 to close at Rs 1,58,466
• Silver fell by Rs 8,527 to close at Rs 2,59,435
• In three days, gold fell by Rs 4,800 and silver by Rs 18,400
• Sharp selling was seen across all base metals
• Copper is at a four-week low
• Aluminium saw a sharp correction after hitting a four-year high

What should traders do?

• The first bounce usually sees selling pressure
• Exit stuck positions during recoveries
• Exit positions trapped in the 23,500-23,700 range
• However, volatility and daily ranges are likely to reduce now
• For the last nine sessions, the market has seen around 300-point moves on a closing basis each day