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Anil Singhvi Market Strategy (May 16): Important levels to track in Nifty 50, Nifty Bank today amid

Published 8 hours ago2 minute read

: Amid a fragile ceasefire between India and Pakistan, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,850-24,975 levels and a strong buy zone at 24,675-24,775 levels on Friday, May 16. 

For the Nifty Bank, the market wizard expects support at 54,800-55,000 levels and a strong buy zone at 54,450-54,600 levels. 

The market wizard sees a higher zone at 25,135-25,235 levels and a profit-booking zone at 25,300-25,425 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 55,925-56,075 levels. ​

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Stocks in F&O ban

RESULTS REVIEWS

PB Fintech 

Page Industries 

NCC 

JSW Energy 

CG Consumer 

LIC Housing

Patanjali

STOCKS OF THE DAY

Buy Lupin Futures for targets of Rs 2,100, Rs 2,115 and Rs 2,145 with a stop loss at Rs 2,050 

Buy Abbott shares for targets of Rs 30,550, Rs 30,800 and Rs 31,350 with a stop loss at Rs 30,000 

  • Improved operational performance 
  • Margin up at 26.7 per cent from 22.9 per cent  

Buy SKF India for targets of Rs 4,400, Rs 4,450 and Rs 4,525 with a stop loss at Rs 4,250 

  • Strong operational performance

Buy Allied Blenders for targets of Rs 415, Rs 420 and Rs 428 with a stop loss at Rs 400 

  • Impressive results
  • Strong operational performance

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

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