Anil Singhvi Market Strategy (May 5): Important levels to track in Nifty 50, Nifty Bank today
Published on 05/05/2025 08:40 AM
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,200-24,300 levels and a strong buy zone at 24,075-24,175 levels on Monday, May 5. For the Nifty Bank, Singhvi expects support at 54,575-54,725 levels and a strong buy zone at 54,175-54,400 levels.
Read on to learn about the market wizard's views for the day.
FII long positions unchanged 47 per cent as before Friday's session
Nifty put-call ratio (PCR) at 0.91 vs 1.16
Nifty Bank PCR unchanged at 0.94
Volatility gauge India VIX unchanged at 18.26
The market wizard sees a higher zone at 24,500-24,600 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 55,475-55,675 levels and a strong sell zone at 55,950-56,075 levels.
Should you buy even if the Nifty50 makes a gap-up start of 100 points?
For existing long positions:
For existing short positions:
For new positions in Nifty50:
Buy Nifty for targets of 24,450, 24,500, 24,550, 24,575, 24,640 and 24,665 with a stop loss at 24,150
Aggressive traders can sell Nifty in the 24,550-24,650 range with a strict stop loss at 24,750 for targets of 24,500, 24,465, 24,400, 24,365, 24,335 and 24,300
For new positions in Nifty Bank:
The best range to buy Nifty Bank is 54,575-54,725 with a stop loss at 54,400 for targets of 54,975, 55,075, 55,125, 55,175, 55,250 and 55,300
Aggressive traders can buy Nifty Bank with a strict stop loss at 54,900 for targets of 55,300, 55,375, 55,450, 55,575, 55,675 and 55,950
Aggressive traders can sell Nifty Bank in the 55,475-55,675 range with a strict stop loss at 55,750 for targets of 55,375, 55,300, 55,250, 55,175, 55,100 and 55,000
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