Anil Singhvi strategy March 27: Key share market cues, important levels to watch in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the March 27 session, as the Indian share market enters a four-session week owing to the Ram Navami holiday on Thursday. 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 a strong buy zone for the Nifty50 benchmark at 16,825-16,925 levels on Monday, March 27, as the Indian share market enters a four-session trading week owing to the Ram Navami holiday on March 30. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 39,300-39,400 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 27:
- Global: Positive
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,050-17,100 levels and a profit-booking zone at 17,150-17,225 levels. For the banking index, he sees a higher zone at 39,600-39,750 levels and a strong sell zone in the 39,825-40,000 band.
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