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Anil Singhvi Market Strategy (March 5): Important levels to track in Nifty 50, Nifty Bank today, top recommendations & more

Published 3 weeks ago2 minute read

: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 21,900-22,000 levels and a stronger support zone at 21,725-21,825 levels o and Wednesday, March 5. For the Nifty Bank, he expects support at 47,925-48,075 and a strong buy zone at 47,625-47,850 levels. Read o and to lear and about the market wizard's views for the day. 

The market wizard sees a higher zone at 22,125-22,250 levels and a strong sell zone at 22,450-23,550 levels for the 50-scrip benchmark. 

For the banking index, he sees a higher zone at 48,575-48,750 levels and a strong sell zone at 48,850-48,975 levels.  

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Sell BSE futures with a stop loss at Rs 4,500 for targets of Rs 4,400, Rs 4,315 and Rs 4,225; sell CDSL futures with a stop loss at Rs 1,141 for targets of Rs 1,100, Rs 1,085 and Rs 1,075

Buy Coforge futures with a stop loss at Rs 7,155 for targets of Rs 7,335, Rs 7,385 and Rs 7,550

  • Jeffries has raised its target from Rs 10,100 to Rs 10,350
  • Morgan Stanley and JPMorgan targets are at Rs 11,500 each

Buy IOC futures with a stop loss at Rs 116 for targets of Rs 121 and Rs 123; buy BPCL futures with a stop loss at Rs 243 for targets of Rs 258 and Rs 262

  • The fall in crude prices is a big positive
  • The stock is at a good level for trading; one may buy after a correction

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