Anil Singhvi strategy: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 21,725-21,850 levels and a stronger support zone at 21,550-21,675 levels for the headline Nifty50 index on Friday, April 19, as the country enters the first phase of a seven-phase polling process under the 2024 Lok Sabha elections.

For the Nifty Bank, he expects initial support to come in at 46,250-46,400 levels followed by a stronger support zone at 45,825-46,025 levels.


Here’s how Anil Singhvi sums up the market setup:

  • Global: Neutral

  • FII: Negative

  • DII: Positive  

  • F&O: Neutral

  • Sentiment: Negative

  • Trend: Positive

He expects a higher level for the headline index at 21,975-22,075 levels and a strong sell zone at 22,150-22,250 levels. 

For the banking index, Singhvi expects a higher zone at 46,975-47,075 levels and a strong sell zone at 47,250-47,325 levels. 


  • FII index longs at 32 per cent vs 44 per cent the previous day

  • Nifty put-call ratio (PCR) at 0.93 vs 0.76

  • Nifty Bank PCR at 0.70 vs 0.85

  • Volatility index India VIX up 3.5 per cent at 13.04




For existing long positions:

For existing short positions:

  • Nifty Intraday SL 22225 n Closing SL 22150
    Bank Nifty Intraday n Closing SL 47325

For new positions in Nifty:

  • Sell Nifty:
    SL 22100 Tgt 21850, 21800, 21775, 21725, 21675, 21625

    Buy Nifty only if it trades above 22100
    Aggressive Traders can Buy very small quantity in 21625-21800 range with Strict Stoploss of 21500 for Target up to 21975

For new positions in Nifty Bank:

  • Sell Bank Nifty:
    SL 47325 Tgt 46675, 46525, 46400, 46325, 46250, 46025, 45825

    Buy Bank Nifty only if it trades above 47325
    Aggressive Traders can Buy very small quantity in 46025-46325 range with Strict Stoploss of 45800 for Target up to 46775, 46975

F&O ban update

  • New in ban: Exide Industries 
  • Already in ban: Vodafone Idea, Bandhan Bank, SAIL, GNFC, Metropolis, PEL, Balrampur Chini, Hindustan Copper, NALCO, ZEEL
  • Out of ban: None

Results reviews


  • Weak results
  • Stock already down almost 12 per cent over the last few weeks
  • A 3-5 per cent fall will offer a good buying opportunity 
  • Futures have support at Rs 1,355 and Rs 1,375; a higher level at Rs 1,445

Bajaj Auto

  • Results strong on all parameters
  • Book profit on gap-up opening
  • Support at Rs 8800 and Rs 8,920; higher levels at Rs 9,175 and Rs 9,235

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