Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 23,350-23,450 levels and a stronger support zone at 23,125-23,225 levels oand Thursday, March 27. For the Nifty Bank, he expects support at 50,650-50,800 levels with the next support at 50,375-50,550 levels. Read on to learn about the market wizard's views for the day. 

The market wizard sees a higher zone at 23,600-23,675 levels and a strong sell zone at 23,700-23,800 levels for the headline index. For the banking index, he expects a higher zone at 51,425-51,600 levels and a strong sell zone at 51,700-51,875 levels.

Is the market signalling weakness once again?

Why does weakness persist on Dalal Street despite FII inflows?

The market guru suggests that investors who have entered at lower positions follow closing stop losses at 23,450 and 51,000 levels in the Nifty50 and Nifty Bank indices, respectively.

He recommends waiting for the indices to take out the 23,700 and 51,700 levels for taking fresh long positions, respectively. 

For existing long positions: 

For existing short positions:

For new positions in Nifty50:

For new positions in Nifty Bank:

ANIL SINGHVI SHARES 'STOCKS OF THE DAY': BHARAT FORGE, TATA MOTORS, ASHOK LEYLAND, WIPRO, JB CHEMICALS

Buy Bharat Forge futures for targets of Rs 1,195, Rs 1,210 and Rs 1,225 with a stop loss at Rs 1,162 

Sell Tata Motors futures for targets of Rs 700, Rs 688 and Rs 670 with a stop loss at Rs 718 

Sell Ashok Leyland futures for targets of Rs 210, Rs 206 and Rs 202 with a stop loss at Rs 218 

Buy Wipro futures for targets of Rs 271, Rs 274 and Rs 277 with a stop loss at Rs 263 

JB Chemicals 

• There is fear that promoters may sell more stake in future
• Try to exit from your investment in a recovery

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