Anil Singhvi Market Strategy January 28: Important levels to track in Nifty50, Nifty Bank today
: Zee Business Managing Editor Anil Singhvi expects support to emerge at 22,750-22,825 levels and a stronger support zone at 22,500-22,600 levels for the headline Nifty50 index on Tuesday, January 28. For the Nifty Bank, he expects support at 47,800-48,075 levels and a stronger support zone at 47,550-47,700 levels.
The market wizard sees a higher zone at 22,900-23,025 levels and a strong sell zone at 23,050-23,200 levels for the headline index.
For the banking index, he sees a higher zone at 48,575-48,750 levels and a strong sell zone at 48,850-49,000 levels.
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Coal India
Union Bank of India
Federal Bank
Tata Steel
PEL
Petronet LNG
IGL
BUDGET PICK
Buy Union Bank shares with an SIP on every 10 per cent fall
- Low exposure in credit cards and MFI loans
- RBI's liquidity measures is a strong positive for the bank
- Interest rate cuts likely soon
- Correction has brought the stock to attractive levels