Anil Singhvi strategy for February 27: Key market triggers, levels to track in Nifty50, Nifty Bank today; Paytm in focus
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 27 session on Dalal Street - the second trading session of the March derivatives (F&O) series. 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 17,350-17,425 levels on Monday, February 27 — the second day of the March futures and options series, and a strong support zone in the 17,250-17,300 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 39,425-39,600 band, and a strong support zone in the 39,100-39,300 area.
Here's how Anil Singhvi sums up the market setup on February 27:
- Global: Negative
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Negative
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,500-17,550 levels and a strong sell zone at 17,600-17,650 levels. For the banking index, he sees a higher zone at 40,125-40,350 levels and a strong sell zone in the 40,500-40,675 band.
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