Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,650-21,725 levels and a strong buy zone at 21,525-21,600 levels on Tuesday, February 6.

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For the Nifty Bank, he expects support to come in at 45,450-45,625 levels and a strong buy zone at 45,075-45,200 levels.

Here's how Anil Singhvi sums up the market setup:

  • Global: Negative
  • FII: Positive
  • DII: Negative
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Positive

Singhvi expects a higher zone for the Nifty50 at 21,775-21,850 levels and a strong sell zone at 21,900-21,975 levels. 

For the banking index, he expects a higher zone at 45,975-46,175 levels and a strong sell zone at 46,300-46,475 levels. 

ANIL SINGHVI MARKET STRATEGY 

The market wizard expects see-saw moves to persist on Dalal Street amid signs of profit-taking at higher levels. He believes that the Indian and US markets are poised for some consolidation following their respective rallies.  

He suggests traders take positions contrary to the market trend. 

Singhvi suggests booking profits in midcap and smallcap stocks, and points out that investors can focus on the Nifty in case of strength and on the Nifty Bank in case of weakness. He recommends focusing on stock- and sector-specific action on Dalal Street.  

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