Anil Singhvi Market Strategy (April 1): Important levels to track in Nifty 50, Nifty Bank today-Vodafone Idea, DMart, HAL, Indus Towers 'stocks of the day' | Zee Business
Anil Singhvi Market Strategy: As market participants return to trade after a long weekend, Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 23,350-23,425 levels and a strong buy zone at 23,125-23,225 levels oand Tuesday, April 1. For the Nifty Bank, he expects support at 51,050-51,200 levels and a strong buy zone at 50,650-50,800 levels. Read on to learn about the market wizard's views for the day.
The market wizard sees a higher zone at 23,450-23,525 levels and a strong sell zone at 23,600-23,650 levels for the headline index. For the banking index, he expects a higher zone at 51,425-51,575 levels and a strong sell zone at 51,700-51,850 levels.
For existing long positions:
For existing short positions:
For new positions in Nifty50:
For new positions in Nifty Bank:
ANIL SINGHVI SHARES 'STOCKS OF THE DAY': VODAFONE IDEA, INDUS TOWERS, HUL, DMART
Vodafone Idea & Indus Towers
Hindustan Aeronautics Ltd (HAL)
Buy HAL futures for targets of Rs 4,310, Rs 4,375 and Rs 4,490 with a stop loss at Rs 4,185
DMart
Aditya Birla Real Estate
Buy Aditya Birla Real Estate shares for targets of Rs 1,995 and Rs 2,020 with a stop loss at Rs 1,940
- ITC has acquired the century pulp and paper business from the Aditya Birla group
- ITC will pay Rs 3,498 crore to buy this business
- The group can now focus more on its real estate business with the extra money
- The deal is also positive for ITC
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