Nifty, Bank Nifty trend reversal from positive to neutral will happen below 11,650 and 23,450, Anil Singhvi says
The stock markets on Wednesday respected the crucial levels despite Nifty losing 160 points or 1.3 per cent. On Thursday, which is the monthly expiry day, if the markets fall below these levels, will there be a trend or sentiment reversal that investors have to watch out for and take action as necessary? Zee Business Managing Editor Anil Singhvi gives his take on the issue.
The Market Guru said that he considered a range between 11,660 and 11680 to be a strong support zone. If the markets fall below this range, then the doors open for levels between 11,525 and 11,550. That will be a final target, going forward, the Managing Editor said.
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