Anil Singhvi Market Strategy (April 7): Important levels to track in Nifty 50, Nifty Bank today-ONGC, Tata Motors, Vedanta 'stocks of the day' | Zee Business
: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 22,350-22,550 and 22,125-22,250 levels and a stronger support zone at 21,800-22,000 levels on Monday, April 7. For the Nifty Bank, Singhvi expects support at 50,600-50,825 and 50,000-50,150 levels and a stronger support zone at 49,700-49,900 levels. Read on to learn about the market wizard's views for the day.
The market wizard sees a strong sell zone for the headline index at 22,800-23,000 levels. For the banking index, he expects a higher zone at 51,350-51,500 levels and a strong sell zone at 51,600-51,850 levels.
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Why is there mayhem across Wall Street?
Is a global recession in the making?
Will panic set in on Dalal Street?
What should traders do?
What should investors do?
ONGC
Tata Motors
Sell Tata Motors futures for targets of Rs 585 and Rs 580 with a stop loss at Rs 626
- JLR has stopped shipment from the UK to America
Vedanta
Sell Vedanta futures for targets of Rs 380 and Rs 373 with a stop loss at Rs 422
- There is a sharp sell-off in metals
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