Anil Singhvi, Managing Editor of Zee Business, has provided a detailed market strategy for Tuesday, April 15, as market participants return after a long weekend. His analysis covers the Nifty50 and Nifty Bank indices, offering insights into support and resistance levels, trading strategies, and stock recommendations.

Market Setup Summary:

• Global Cues: Positive
• FII Activity: Neutral
• DII Activity: Positive
• F&O: Neutral
• Sentiment: Neutral
• Trend: Neutral

Singhvi notes that FII long positions stand at 25% compared to 22% before Friday's session. The Nifty put-call ratio (PCR) is at 0.96 vs 0.93, while the Nifty Bank PCR is at 0.89 vs 0.78. The volatility index, India VIX, is down 6% at 20.11.

Nifty50 Levels:

• Support: 22,825-22,925 levels
• Strong Buy Zone: 22,700-22,800 levels
• Higher Zone: 22,700-22,850 levels
• Strong Sell Zone: 23,000-23,150 levels

Nifty Bank Levels:

• Support: 50,800-51,000 levels
• Strong Buy Zone: 50,625-50,750 levels
• Higher Zone: 50,500-50,675 levels
• Profit-Booking Zone: 50,750-50,900 levels

Trading Strategy:

For Existing Long Positions:

• Nifty intraday and closing stop loss at 22,700
• Nifty Bank intraday and closing stop loss at 50,625

For Existing Short Positions:

• Nifty intraday and closing stop loss at 22,925
• Nifty Bank intraday and closing stop loss at 51,250

New Positions in Nifty50:

• Buy Nifty with a stop loss at 22,800 for targets of 23,075, 23,150, 23,200, 23,250, 23,300 and 23,350
• Aggressive traders can sell Nifty in the 23,350-23,450 range with a strict stop loss at 23,575 for targets of 23,300, 23,250, 23,200, 23,150, 23,075 and 23,000

New Positions in Nifty Bank:

• Buy Nifty Bank with a stop loss at 50,850 for targets of 51,350, 51,500, 51,575, 51,650, 51,825 and 51,875
• Aggressive traders can sell Nifty Bank in the 51,800-52,000 range with a strict stop loss at 52,100 for targets of 51,650, 51,575, 51,500, 51,350, 51,250 and 51,050

F&O Ban Update:

• New in ban: None
• Already in ban: NALCO, Manappuram Finance, Birlasoft, Hindustan Copper
• Out of ban: None

Global Market Influence:

Singhvi also considers the impact of Wall Street trends. The Dow has risen approximately 950 points, and the Nasdaq 450 points between Friday and Monday. The dollar index is near a three-year low at 99. He notes President Trump's potential tariff exemptions on auto and auto ancillary sectors as a positive sign.

Stocks in Action:

Singhvi anticipates strength in auto and auto ancillary stocks, including Tata Motors, Samvardhana Motherson, Sona Comstar, and Bharat Forge. Metal stocks like Tata Steel, Hindalco, and Hindustan Copper are also expected to remain strong. Power stocks such as NTPC, JSW Energy, and Power Grid may also see positive movement.

Stocks of the Day (with futures recommendations):

• Tata Motors: Buy for targets of Rs 610, Rs 618, and Rs 625 with a stop loss at Rs 588
• Sona Comstar: Buy for targets of Rs 440, Rs 448, and Rs 455 with a stop loss at Rs 420
• Samvardhana Motherson: Buy for targets of Rs 121, Rs 123, and Rs 124.5 with a stop loss at Rs 116.5

Cautionary Notes:

Singhvi advises waiting for a dip after a gap-up start before buying and suggests a good entry level around the 23,000 mark for Nifty50. He also points out that reduced bank deposit rates signal positive movement for the banking sector, economy, and markets.