Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,425-17,465 levels on Friday, March 10. He expects a strong buy zone for the 50-scrip headline index in the 17,300-17,350 range. 

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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 40,750-40,875 area, and a strong buy zone in the 40,525-40,700 band. 

Here's how Anil Singhvi sums up the market setup on March 10: 

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

For the 50-scrip headline index, he expects a higher zone at 17,575-17,650 levels and a strong sell area at 17,675-17,750 levels.​ For the banking index, he sees a higher zone at 41,250-41,350 levels and a strong sell zone in the 41,500-41,650 band.

  • FII index longs at 20 per cent on Friday vs 25 per cent on Thursday 
  • Nifty put-call ratio (PCR) at 0.98 vs 1.26
  • Nifty Bank PCR at 0.82 vs 1.27
  • Fear index India VIX up two per cent at 12.73

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