Anil Singhvi strategy May 22: Important levels to track in Nifty 50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the May 22 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects strong support in the Nifty50 benchmark at 18,050-18,125 levels on Monday, May 22, and a strong buy zone at 17,925-18,000 levels. For the Nifty Bank, he sees support coming in at 43,675-43,800 levels and a strong buy zone at 43,475-43,525 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Negative
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Positive
For the 50-scrip headline index, he expects a higher zone at 18,265-18,285 levels and a profit-booking zone at 18,315-18,390 levels. For the banking index, he sees a higher zone at 44,000-44,150, and beyond 44,200, the next big level in the 44,400-44,500 area.
- FII index longs at 48 per cent on Monday vs 49 per cent the previous day
- Nifty put-call ratio (PCR) at 1.01 vs 0.93
- Nifty Bank PCR at 1.15 vs 1.01
- Fear index India VIX down four per cent at 12.30
ANIL SINGHVI MARKET STRATEGY
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