Anil Singhvi strategy for February 3: Key market triggers, important levels to track in Nifty50, Nifty Bank
Zee Business Managing Editor Anil Singhvi shares his strategy for the February 3 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 to come in at 17,500-17,550 levels on Friday, the last session of the Budget week, and a strong buy zone at 17,350-17,450 levels. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, Singhvi sees support in the 40,350-40,525 band and a strong buy area at 40,000-40,150 levels.
Here's how Anil Singhvi sums up the market setup on February 3:
- Global: Positive
- FII: Negative
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,650-17,725 levels and a profit-booking zone in the 17,775-17,850 band.
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