Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 22,025-22,125 levels and a strong buy zone at 21,900-22,000 levels on Friday, February 23.

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For the Nifty Bank, he expects support to come in at 46,425-46,600 levels and a strong buy zone at 46,175-46,325 levels.

Here's how Anil Singhvi sums up the market setup:

  • Global: Positive
  • FII: Neutral
  • DII: Positive
  • F&O: Neutral
  • Sentiment: Positive
  • Trend: Positive

The market wizard expects a higher zone for the 50-scrip index at 22,250-22,300 levels and a "blue-sky" zone above 22,300. For the banking index, he sees a higher zone coming in at 47,250-47,400 and a strong sell zone at 47,450-47,650 levels. 

ANIL SINGHVI MARKET STRATEGY 

The market guru points out that traders and investors trimmed their positions after a weak start to Thursday's session, though a stunning recovery later in the day boosted market sentiment. This is a typical characteristic of "big bull run" markets, he adds. 

Singhvi is confident that Dalal Street is unlikely to give up Thursday's lows amid strength across global markets.

  • FII index longs at 44 per cent vs 42 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.19 vs 0.85
  • Nifty Bank PCR at 0.91 vs 1.01
  • Volatility index India VIX down 4.5 per cent at 15.20
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