Anil Singhvi Market Strategy (April 4): Important levels to track in Nifty 50, Nifty Bank today-Bajaj Finance, HDFC Bank 'stocks of the day' | Zee Business
: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 23,000-23,150 levels and a strong buy zone at 22,800-22,900 levels on Friday, April 4. For the Nifty Bank, Singhvi expects support at 51,200-51,350 levels and a strong buy zone at 50,900-51,050 levels. Read on to learn about the market wizard's views for the day.
The market wizard sees a higher zone at 23,300-23,400 levels and a strong sell zone at 23,450-23,550 levels for the headline index. For the banking index, he expects a higher zone at 51,825-51,975 levels and a profit-booking zone at 52,075-52,275 levels.
First things first, here's how the main US equity benchmarks fared on Thursday, a day after US President Donald Trump's reciprocal tariff announcements:
That marked the worst intraday slide for the S&P 500 and Nasdaq indices in five years. Here are some other highlights of the day:
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Bajaj Finance
Buy Bajaj Finance futures for targets of Rs 8,690, Rs 8,775 and Rs 8,900 with a stop loss at Rs 8,490
HDFC Bank
- The bank's quarterly update exactly matches expectations
- The lender' growth is stable in loans and deposits
- The stock is expected to remain range bound
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