Anil Singhvi strategy for February 16: Important market triggers, key levels to watch out for in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 16 session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,875-17,950 levels on Thursday, February 16, and a strong buy zone in the 17,800-17,850 band. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 41,500-41,625 levels, and a strong buy zone in the 41,275-41,425 area.
Here's how Anil Singhvi sums up the market setup on February 16:
- Global: Positive
- FII: Positive
- DII: Positive
- F&O: Cautious
- Sentiment: Positive
- Trend: Neutral
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 18,100-18,125 levels and a strong sell zone at 18,150-18,200 levels. For the banking index, he sees a higher zone at 41,950-42,075 levels and a profit-booking area in the 42,175-42,375 range.
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