Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 22,075-22,125 levels and a strong buy zone at 21,975-22,050 levels on Wednesday, February 28. For the Nifty Bank, he expects support to come in at 46,175-46,325 levels and a strong buy zone at 45,900-46,050 levels.

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

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

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The market wizard expects a higher zone for the 50-scrip index at 22,250-22,300 levels and a "blue-sky" zone above 22,350. 

For the banking index, he sees a higher zone emerging at 46,725-46,875 levels and a strong sell zone at 46,975-47,100 levels. 

ANIL SINGHVI MARKET STRATEGY 

The market wizard expects Dalal Street to see see-saw moves within a narrow range, with the Nifty50 seen consolidating in the 22,000-22,300 range. The market may continue to lean towards buying as long as the index holds the 22,000 mark on a closing basis, and one can expect strong moves in once it takes out 22,300, he says. 

Singhvi views the 46,050-46,225 band as important support for the banking index, which faces stiff resistance at 46,900-47,100 levels. 

He suggests investors continue to take selective bets in midcap and smallcap stocks.

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