Anil Singhvi Market Strategy (March 17): Important levels to track in Nifty 50, Nifty Bank today, top recommendations & more
: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 22,300-22,375 levels and a strong buy zone at 22,125-22,250 levels on Monday, March 17. For the Nifty Bank, he expects support at 47,700-47,850 levels and a stronger support zone at 47,375-47,550 levels. Read to learn about the market wizard's views for the day.
The market wizard sees a higher zone at 22,500-22,575 levels and a strong sell zone at 22,625-22,725 levels for the headline index.
For the banking index, he expects a higher zone at 48,225-48,375 levels and a strong sell zone at 48,475-48,675 levels.
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ANIL SINGHVI SHARES STOCKS OF THE DAY: IndusInd Bank, GSPL, HPCL
Buy IndusInd Bank shares in the cash segment for targets of Rs 690, Rs 702 and Rs 715 with a stop loss at Rs 662
Buy HPCL futures with stop loss at Rs 320 for targets of Rs 328, Rs 332 and Rs 335
Buy GSPL shares in the spot market stop loss at Rs 269 for targets of Rs 277, Rs 280 and Rs 285
- It will invest around Rs 2,051 crore for capacity expansion
- Citi has upgraded to 'buy' from 'sell' with a target of Rs 325
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