Anil Singhvi strategy April 24: Important levels to track in Nifty 50, Nifty Bank
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the April 24 session. 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 strong support for the Nifty50 benchmark at 17,500-17,575 levels on Monday, April 24. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 41,950-42,025 levels and a strong buy zone at 41,625-41,825 levels.
Here's how Anil Singhvi sums up the market setup on April 24:
- Global: Neutral
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Neutral
For the 50-scrip headline index, he expects a higher zone at 17,675-17,725 levels and a strong sell zone at 17,750-17,825 levels. For the banking index, he sees a higher zone at 42,265-42,375 levels and a profit-booking zone at 42,500-42,600 levels.
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