Anil Singhvi strategy for February 21: Key market triggers, important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 21 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 17,750-17,800 levels on Tuesday, February 21, and a strong buy zone in the 17,650-17,725 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 40,375-40,525 levels, and stronger support zone in the 40,075-40,175 band.
Here's how Anil Singhvi sums up the market setup on February 21:
- Global: Neutral
- FII: Neutral
- DII: Neutral
- F&O: Neutral
- Sentiment: Neutral
- Trend: Neutral
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,875-17,925 levels and a profit-booking zone at 17,950-18,035 levels. For the banking index, he sees a higher zone at 40,900-41,100 and a strong sell are in the 41,200-41,375 range.
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