Anil Singhvi strategy March 5: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for todays session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 22,300-22,365 levels and a strong buy zone at 22,125-22,225 levels on Tuesday, March 5. For the Nifty Bank, he expects support to come in at 47,175-47,300 and a stronger support zone at 46,900-47,050 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Negative
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
The market wizard expects a higher zone for the Nifty50 at 22,440-22,500 and a "blue sky" zone above 22,525.
For the banking index, Singhvi sees a higher zone coming in at 47,650-47,825 and a profit-booking zone at 47,875-48,000 levels.
He points out the emergence of lifetime highs across American, Japanese and European markets, and strong buying interest in asset classes other than equity as well.
The market guru also highlights that gold and Bitcoin are trading near their all-time highs.
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