Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,665-17,725 levels and a strong buy zone at 17,550-17,625 levels on Wednesday, April 26. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 42,375-42,500 levels and a strong buy zone at 42,150-42,275 levels.

Here's how Anil Singhvi sums up the market setup on April 26: 

  • Global: Negative
  • FII: Positive
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Neutral

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For the 50-scrip headline index, he expects a higher zone at 17,775-17,825 levels and a strong sell zone at 17,850-17,925 levels.​ For the banking index, he sees a higher zone at 42,725-42,850 levels and a strong sell zone at 42,950-43,075 levels.

  • FII index longs at 45 per cent on Wednesday vs 44 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.16 vs 1.13
  • Nifty Bank PCR at 1.05 vs 1.25
  • Fear index India VIX down one per cent at 11.52

ANIL SINGHVI MARKET STRATEGY

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