Anil Singhvi strategy for February 6: Key market triggers, important levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 6 session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark to come in at 17,650-17,725 levels on Monday, February 6, and a strong buy zone in the 17,500-17,600 band.
For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, Singhvi sees support at 40,825-41,000, and a strong buy zone at 40,525-40,700 levels.
Here's how Anil Singhvi sums up the market setup on February 6:
- Global: Neutral
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,975-18,050 levels and a strong sell zone in the 18,100-18,200 area.
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