Anil Singhvi strategy May 5: Important levels to track in Nifty 50, Nifty Bank
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the May 5 session on Dalal Street. Check out his take on the Indian share market, and key support and resistance levels for the Nifty and the Nifty Bank.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 18,125-18,175 levels and a strong buy zone at 18,050-18,100 levels on Friday, May 5. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI and Axis Bank, he sees support emerging at 43,350-43,475 levels and a strong buy zone at 43,225-43,300 levels.
Here's how Anil Singhvi sums up the market setup on May 5:
- Global: Negative
- FII: Positive
- DII: Neutral
- F&O: Cautious
- Sentiment: Neutral
- Trend: Positive
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