Anil Singhvi strategy for February 17: Important market triggers, key levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 17 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 17,900-17,950 levels on Friday, February 17, and a strong buy zone in the 17,800-17,850 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 41,375-41,500 levels, and a strong buy zone in the 41,100-41,250 area.
Here's how Anil Singhvi sums up the market setup on February 17:
- Global: Negative
- FII: Positive
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Neutral
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 18,000-18,035 levels and a profit-booking zone at 18,100-18,125 levels. For the banking index, he sees a higher zone at 41,725-41,800 levels and a strong sell zone in the 41,950-42,075 range.
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