Anil Singhvi market strategy March 24: Key share market triggers, important levels to watch in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the last trading session of the week, on March 24. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,000-17,050 levels on Friday, March 24. He sees a strong buy zone coming in at 16,850-16,950 levels. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 39,375-39,525 levels, and a strong buy zone in the 39,050-39,150 band.
Here's how Anil Singhvi sums up the market setup on March 24:
- Global: Neutral
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,100-17,150 levels and a profit-booking zone at 17,200-17,250 levels. For the banking index, he sees a higher zone at 39,900-40,000 levels and a strong sell zone in the 40,075-40,200 band.
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