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Anil Singhvi Market Strategy (March 26): Important levels to track in Nifty 50, Nifty Bank today

Published 1 month ago2 minute read

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 23,500-23,600 levels and a strong buy zone at 23,350-23,450 levels oand Wednesday, March 26. For the Nifty Bank, he expects support at 51,250-51,425 levels and a strong buy zone at 50,600-50,800 levels. Read to learand about the market wizard's views for the day. 

The market wizard sees a higher zone at 23,700-23,800 levels and a strong sell zone at 23,870-24,000 levels for the headline index. For the banking index, he expects a higher zone at 51,975-52,150 levels and a profit-booking zone at 52,275-52,475 levels.

If FIIs made big pruchases then who sold on Tuesday?

Will strong FII inflows drive gains on Dalal Street?

Should midcap and smallcap investors prepare for more weakness after Tuesday's fall?

Is 'buy on dips' a perfect strategy for now?

For existing long positions

For existing short positions:

For new positions iand Nifty50:

For new positions iand Nifty Bank:

Buy Vedanta futures for targets of Rs 467 with a stop loss at Rs 473 with a stop loss at Rs 455 

Buy NCC futures for targets of Rs 208, Rs 210 and Rs 214 with a stop loss at Rs 202 

  • NCC has received two orders amounting to Rs 10,804 crore from BSNL for BharatNet
  • The company is regularly getting big orders on this quarter

Buy HDFC Bank futures for targets of Rs 1,835 and Rs 1,850 with a stop loss at Rs 1,788; buy AU Small Finance Bank shares for target of Rs 561, Rs 567 and Rs 575 with a stop loss at Rs 547

  • Bank stocks are looking very strong 
  • Goldman Sachs has a target price of Rs 2,090 assigned to the stock

Catch key stock market updates here. For all other news, visit Zeebiz.com.

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