Anil Singhvi strategy April 17: 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 17 session, as the Indian share market resumes trading after a long weekend. 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 17,650-17,725 levels, and a strong buy zone at 17,550-17,600 levels on Monday, April 17, as the Indian share market resumes trading after a long weekend.
For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 41,575-41,725 levels and a strong buy zone in the 41,350-41,500 band.
Here's how Anil Singhvi sums up the market setup on April 17:
- Global: Positive
- FII: Positive
- DII: Neutral
- F&O: Cautious
- Sentiment: Positive
- Trend: Neutral
For the 50-scrip headline index, he expects a higher zone at 17,825-17,875 levels and a strong sell zone at 17,925-17,975 levels. For the banking index, he sees a higher zone at 42,375-42,500 levels and a strong sell area at 42,550-42,725 levels.
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