: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,525-24,625 levels and a stronger support zone at 24,400-24,500 levels on Friday, June 6, with the RBI Governor due to announce the outcome of the MPC's June policy review at 10 am. For the Nifty Bank, the market wizard expects support at 55,350-55,500 levels and a strong buy zone at 55,050-55,250 levels. 

The market wizard expects a higher zone at 24,800-24,900 levels and a strong sell zone at 24,950-25,075 levels for the headline index.

For the banking index, he expects a higher zone at 55,900-56,100 levels and a "blue-sky zone" above the 56,200 mark. 

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For new positions in Nifty Bank:

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Stock of the Day: RIL

Buy Reliance futures for targets of Rs 1,460, Rs 1,475 and Rs 1,485 with a stop loss at Rs 1,428 

• After a long time, the company is highly confident about retail business
• The stock is in a strong uptrend