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Anil Singhvi Market Strategy January 28: Important levels to track in Nifty50, Nifty Bank today

Published 1 month ago1 minute read

: 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
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