Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 22,200-22,275 and a strong buy zone at 22,025-22,125 levels for the headline Nifty50 index on Wednesday, March 13. For the Nifty Bank, he expects support to come in at 46,900-47,025 levels and a strong buy zone at 46,575-46,725 levels.

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

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

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The market wizard expects a higher zone for the headline index at 22,375-22,475 levels and a "blue sky zone" above 22,525. For the banking index, Singhvi expects a higher zone at 47,450-47,575 levels and a profit-booking zone at 47,725-47,900 levels. 

ANIL SINGHVI MARKET STRATEGY 

  • FII index longs at 43 per cent vs 41 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.95 vs 0.94
  • Nifty Bank PCR at 0.71 vs 0.72
  • Volatility index India VIX down three per cent at 13.64

Singhvi highlights the emergence of strong buying by FIIs and domestic funds on Dalal Street amid positive signals from global markets but adds that weakness in broader segments is dampening the overall sentiment. 

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