Anil Singhvi strategy March 23: Key share market triggers, important levels to watch in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the March 23 session. 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 expects support for the Nifty50 benchmark at 17,000-17,050 levels on Thursday, March 23. He sees a strong buy zone coming in at 16,850-16,950 levels. For the Nifty Bank — whose 12 constituents include HDFC Bank, SBI, Bank of Baroda and Axis Bank, he sees support emerging at 39,600-39,750 levels, and a strong buy zone in the 39,375-39,500 band.
Here's how Anil Singhvi sums up the market setup on March 23:
- Global: Negative
- FII: Neutral
- DII: Positive
- F&O: Neutral
- Sentiment: Neutral
- Trend: Negative
For the 50-scrip headline index, he expects a higher zone at 17,150-17,225 levels and a strong sell zone at 17,250-17,325 levels. For the banking index, he sees a higher zone at 40,075-40,250 levels and a strong sell zone in the 40,350-40,500 band.
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