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:

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:

Nifty Bank Levels:

Trading Strategy:

For Existing Long Positions:

For Existing Short Positions:

New Positions in Nifty50:

New Positions in Nifty Bank:

F&O Ban Update:

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):

• 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.