Anil Singhvi strategy March 9: Key market triggers, important levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the March 9 session. 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 17,650-17,700 levels on Thursday, March 9. He expects a strong buy zone for the 50-scrip headline index in the 17,550-17,600 band.
For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging in the 41,250-41,350 area, and a strong buy zone in the 41,000-41,100 range.
Here's how Anil Singhvi sums up the market setup on March 9:
- Global: Neutral
- FII: Positive
- DII: Negative
- F&O: Cautious
- Sentiment: Positive
- Trend: Neutral
For the 50-scrip headline index, he expects a higher zone at 17,800-17,850 levels and a profit-booking area at 17,875-17,925 levels. For the banking index, he sees a higher zone at 41,675-41,775 levels and a profit-booking zone in the 41,975-42,075 band.
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