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Anil Singhvi Market Strategy (May 14): Important levels to track in Nifty 50, Nifty Bank today amid

Published 2 days ago2 minute read

: 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

Buy Garden Reach Shipbuilders shares for targets of Rs 1,945, Rs 1,995 and Rs 2,025 with a stop loss at Rs 1,895 

Buy GSK Pharma shares for targets of Rs 2,825, Rs 2,875 and Rs 2,940 with a stop loss at Rs 2,750 

  • 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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