Anil Singhvi strategy for February 22: Important market triggers, key levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 22 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 17,700-17,775 levels on Wednesday, February 22, and a strong buy zone in the 17,600-17,650 area. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, he sees support emerging in the 40,350-40,400 and 40,150-40,200 bands, and a strong buy zone in the 39,425-39,500 area.
Here's how Anil Singhvi sums up the market setup on February 22:
- Global: Negative
- FII: Positive
- DII: Neutral
- F&O: Neutral
- Sentiment: Negative
- Trend: Neutral
Anil Singhvi is of the view that the trend will turn negative if the Nifty and the Nifty Bank indices close below the 17,600 and 40,300 levels respectively.
For the 50-scrip headline index, he expects a higher zone at 17,825-17,875 levels and a strong sell zone at 17,925-18,000 levels. For the banking index, he sees a higher zone at 40,700-40,875 and a strong sell zone in the 40,950-41,125 range.
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