Anil Singhvi strategy for February 7: Key market triggers, important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 7 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 at 17,650-17,700 levels on Tuesday, February 7, and a strong buy zone in the 17,550-17,600 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 coming in at 40,825-41,000 levels , and a strong buy zone in the 40,525-40,750 area.
Here's how Anil Singhvi sums up the market setup on February 7:
- Global: Neutral
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
Trend: Negative
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,825-17,875 levels and a strong sell zone in the 17,900-17,975 area.
latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.