Anil Singhvi Market Strategy (June 4): How to trade Nifty 50, Nifty Bank today, key levels to track
: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,400-24,500 levels and a strong buy zone at 24,275-24,365 levels on Wednesday, June 4. For the Nifty Bank, the market wizard expects support at 55,250-55,400 levels and a strong buy zone at 55,000-55,200 levels.
The market wizard expects a higher zone at 24,675-24,750 levels and a strong sell area at 24,825-24,950 levels in the headline index.
In the banking index, he expects a higher zone at 55,750-55,875 levels and a strong sell zone at 55,950-56,100 levels.
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For new positions in Nifty Bank:
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Aggressive traders can sell Nifty Bank in the 55,900-56,100 range with a strict stop loss at 56,200 for targets of 55,825, 55,750, 55,650, 55,575, 55,500 and 55,400
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Already in ban: Manappuram Finance
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Stock of the Day: Tata Technologies
Buy Tata Tech futures near the deal or floor price for targets of Rs 767, Rs 775 and Rs 780 with a stop loss at Rs 735