Anil Singhvi Market Strategy (May 23): Important levels to track in Nifty 50, Nifty Bank today
: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,375-24,450 levels and a stronger support zone at 24,200-24,300 levels on Friday, May 23. For the Nifty Bank, the market wizard expects support at 54,450-54,600 levels and a stronger support zone at 54,175-54,375 levels.
The market wizard sees a higher zone at 24,665-24,765 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 55,175-55,350 levels and a strong sell zone at 55,425-55,575 levels.
:
For existing short positions:
For new positions in Nifty50:
For new positions in Nifty Bank:
Stocks in F&O ban
RESULTS REVIEWS
ITC
Grasim
GMR Airports
STOCKS OF THE DAY
Sell CONCOR futures for targets of Rs 720 and Rs 710 with a stop loss at Rs 755
Sell HFCL futures for targets of Rs 81.50, Rs 80 and Rs 78 with a stop loss at Rs 85.25
Sell Sun Pharma futures for targets of Rs 1,705, Rs 1,690 and Rs 1,665 with a stop loss at Rs 1,745
Sell Ramco Cements futures for targets of Rs 975 and Rs 965 with a stop loss at Rs 1,020
Buy Metro Brands shares for targets of Rs 1,200, Rs 1,215 and Rs 1,235 with a stop loss at Rs 1,175
Buy Credo Brands for targets of Rs 148, Rs 150 and Rs 154 with a stop loss at Rs 143
Buy Indo Amines shares for targets of Rs 143, Rs 145 and Rs 148 with a stop loss at Rs 136
Buy BEL futures for targets of Rs 387, Rs 393 and Rs 399 with a stop loss at Rs 373
- Strong order book and new order wins
- UBS has raised its target to Rs 450
- Very good investment stock for 1-3 years