Anil Singhvi strategy April 13: Key market triggers, important levels to track in Nifty50, Nifty Bank
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the April 13 session, a day after Tata Consultancy Services (TCS) kicks off the corporate earnings season by reporting its financial results post-market hours. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,700-17,750 levels, and a strong buy zone at 17,550-17,650 levels on Thursday, April 13, a day after Tata Consultancy Services (TCS) kicks off the corporate earnings season.
For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 41,275-41,375 levels and a strong buy zone in the 41,000-41,150 band.
Here's how Anil Singhvi sums up the market setup on April 13:
- Global: Neutral
- FII: Positive
- DII: Neutral
- F&O: Cautious
- Sentiment: Positive
- Trend: Neutral
For the 50-scrip headline index, he expects a higher zone at 17,850-17,925 levels and a strong sell zone at 17,975-18,025 levels. For the banking index, he sees a higher zone at 41,675-41,775 levels and a strong sell area at 41,975-42,075 levels.
- FII index longs at 35 per cent on Thursday vs 28 per cent the previous day
- Nifty put-call ratio (PCR) at 1.27 vs 1.19
- Nifty Bank PCR at 1.32 vs 1.23
- Fear index India VIX up 2.5 per cent at 12.27
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