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Anil Singhvi Market Strategy: With all eyes on scheduled talks at noon between the Indian and Pakistani DGMOs to review a fragile ceasefire, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,150-24,275 levels and a strong buy zone at 23,950-24,075 levels on Monday, May 12. 

For the Nifty Bank, Singhvi expects support at 53,925-54,100 levels and a strong buy zone at 53,500-53,600 levels. 

Read on to learn more about the market wizard's throughts on Dalal Street for the day.

Global: Positive

FII: Negative

DII: Positive

F&O: Positive

Sentiment: Positive

Trend: Positive

FII long positions at 48 per cent vs 52 per cent before Friday's session

Nifty put-call ratio (PCR) at 0.94 vs 1.08

Nifty Bank PCR at 0.77 vs 0.84

Volatility index India VIX up 3.0 per cent at 21.63

The market wizard sees a higher zone at 24,425-24,575 levels and a profit-booking zone at 24,650-24,750 levels for the headline index.

For the banking index, he sees a higher zone at 54,375-54,600 levels and a profit-booking zone at 54,725-54,975 levels. 

For existing long positions: 

Nifty intraday and closing stop loss at 24,000

Nifty Bank intraday and closing stop loss at 53,450

For existing short positions:

Nifty intraday stop loss at 24,600 and closing stop loss at 24,475

Nifty Bank intraday stop loss at 54,100 and closing stop loss at 54,625

For new positions in Nifty50:

Buy Nifty for targets of 24,400, 24,450, 24,500, 24,575, 24,650, 24,700 and 24,750 with a stop loss at 24,000 

Aggressive traders can sell Nifty near 24,600 with a strict stop loss at 24,675 for targets of 24,525, 24,450, 24,400, 24,365, 24,335 and 24,300

For new positions in Nifty Bank:

Buy Nifty Bank for targets of 54,175, 54,275, 54,375, 54,600, 54,675, 54,775 and 54,925 with a stop loss at 53,450 

Aggressive traders can sell Nifty Bank in the 54,775-54,975 range for targets of 54,625, 54,375, 54,275, 54,175, 54,100 and 53,925 with a strict stop loss at 55,125 

Stocks in F&O ban

Buy Navin Fluorine shares in the spot market for targets of Rs 4,670, Rs 4,750 and Rs 4,790 with a stop loss at Rs 4,550 

Buy Indigo futures for targets of Rs 5,190, Rs 5,240 and Rs 5,290 with a stop loss at Rs 5,050 

Buy Coforge futures for targets of Rs 7,790, Rs 7,870 and Rs 7,950 with a stop loss at Rs 7,580; buy Persistent Systems futures for targets of Rs 5,550, Rs 5,650 and Rs 5,800 with a stop loss at Rs 5,355 

Buy SBI futures for targets of Rs 790 and Rs 800 with a stop loss at Rs 755 

Sell Aurobindo Pharma futures for targets of Rs 1,145, Rs 1,115 and Rs 1,100 with a stop loss at Rs 1,175 

RESULTS REVIEWS

Dr Reddy’s Labs

ABB 

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