Anil Singhvi strategy for February 9: Key market triggers, important levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 9 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.
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,750-17,825 levels on Thursday, February 9, a day after the RBI gave the repo rate a hike of 25 basis points along expected lines. Singhvi sees a strong buy zone in the 17,650-17,725 band.
For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 41,100-41,275 levels, and a strong buy zone in the 40,525-40,675 area.
Here's how Anil Singhvi sums up the market setup on February 9:
- Global: Negative
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,900-17,975 levels and a strong sell zone at 18,000-18,100 levels.
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