Anil Singhvi strategy March 14: Key market triggers, levels to track in Nifty50, Nifty Bank; Divgi listing likely at slight premium
Zee Business Managing Editor Anil Singhvi shares his strategy for the March 14 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 16,950-17,025 levels on Tuesday, March 14. He sees a strong buy zone coming in at 16,750-16,850 levels. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 39,100-39,300 and 38,725-38,950 levels, and a strong buy zone in the 38,450-38,625 band.
Here's how Anil Singhvi sums up the market setup on March 14:
- Global: Neutral
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Negative
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,250-17,350 levels and a strong sell area at 17,400-17,450 levels. For the banking index, he sees a higher zone at 39,900-40,100 and 40,350-40,500 levels, and a strong sell zone in the 40,675-40,825 band.
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