Anil Singhvi Market Strategy (May 14): Important levels to track in Nifty 50, Nifty Bank today amid
: Amid a fragile ceasefire between India and Pakistan agreed upon by both sides on Pakistan's request, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,400-24,500 levels and a stronger support zone at 24,275-24,375 levels on Wednesday, May 14.
For the Nifty Bank, the market wizard expects support at 54,550-54,675 levels and a stronger support zone at 54,175-54,375 levels.
The market wizard sees a higher zone at 24,650-24,750 levels and a strong sell zone at 24,800-24,925 levels for the headline index.
For the banking index, he sees a higher zone at 55,300-55,475 levels and a profit-booking zone at 55,575-55,700 levels.
Why did FIIs change their minds suddenly? What's the reason behind outflows?
How positive is easing inflation for Dalal Street?
Is 25,000 a difficult obstacle for Nifty50?
Which sectors can attrack strong buying interest?
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RESULTS REVIEW
Tata Motors
Bharti Airtel
Siemens
Max Financial
Strong operational performance
Buy Max Financial futures for targets of Rs 1,310, Rs 1,325 and Rs 1,345 with a stop loss at Rs 1,280
STOCKS OF THE DAY
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- Margin has improved from 27.70 per cent to 34 per cent
Buy Dalmia Bharat Sugar shares for targets of Rs 418, Rs 424 and Rs 430 with a stop loss at Rs 402
- Strong results on all parameters
Buy ASK Automotive shares for targets of Rs 445, Rs 450 and Rs 460 with a stop loss at Rs 430
- Excellent results on all parameters
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