Anil Singhvi strategy for February 20: 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 20 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 17,800-17,850 levels on Monday, February 20, and a strong buy zone in the 17,725-17,775 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 40,750-40,900 levels, and a strong buy zone in the 40,525-40,675 area.
Here's how Anil Singhvi sums up the market setup on February 20:
- 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 18,000-18,035 levels and a profit-booking zone at 18,100-18,125 levels. For the banking index, he sees a higher zone at 41,275-41,425 and a strong sell area in the 41,500-41,675 range.
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