Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support emerging at 21,925-22,025 and a strong buy zone at 21,800-21,900 levels for the headline Nifty50 index on Friday, March 15. For the Nifty Bank, he expects support to come in at 46,375-46,575 and a stronger support zone at 46,050-46,175 levels.

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

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

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The market wizard expects a higher zone for the headline index at 22,125-22,200 and a strong sell zone at 22,250-22,350 levels. For the banking index, Singhvi expects a higher zone at 47,025-47,225 and a strong sell zone at 47,325-47,525 levels. 

ANIL SINGHVI MARKET STRATEGY  

The market wizard highlights mild buying by FIIs and DIIs, short covering by traders, and weak global signals. There are light positions in the Nifty50 following the F&O expiry on Thursday, he points out.

Singhvi believes important support for the headline index exists at 21,800-21,950 levels and that it is important for the banking gauge to close above 46,900 on Friday.

He also says that significant support for the Nifty Bank, at end-February lows of 45,700-46,000, is a good distance away. 

  • FII index longs at 39 per cent vs 40 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.12 vs 0.65
  • Nifty Bank PCR at 0.82 vs 0.86
  • Volatility index India VIX down 5.5 per cent at 13.62
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