Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,550-17,600 levels on Wednesday, March 8 as investors return to trade after the Holi market holiday. He expects a strong buy zone for the 50-scrip headline index in the 17,425-17,500 band. 

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For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging in the 40,900-41,000 area, and a strong buy zone in the 40,600-40,775 range. 

Here's how Anil Singhvi sums up the market setup on March 8: 

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

For the 50-scrip headline index, he expects a higher zone at 17,675-17,750 levels and a profit-booking zone at 17,775-17,850 levels.​ For the banking index, he sees a higher zone at 41,250-41,375 levels and a profit-booking zone in the 41,500-41,675 band.

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