News

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 Wednesday, May 14. 

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. 

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. 

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

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

Catch key stock market updates here. For all other news, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.