Anil Singhvi Market Strategy: 23,700-23,950 Nifty50 strong buy zone, 24,500-24,600 profit-booking area
Zee Business 3 hrs ago·5 Nov 2026, 2:48 am
Economy Zee Business
Market strategist Anil Singhvi has identified a specific trading range for the Nifty50 index, suggesting a distinct zone for potential buying opportunities. He views the range of 23,700 to 23,950 as a strong buy area, indicating that stocks in this segment could be undervalued. Conversely, he points to the 24,500 to 24,600 level as a likely area for profit-booking, where investors might lock in gains as the market approaches this resistance point.
This outlook provides a clear roadmap for investors to manage their positions. It suggests that investors could look for accumulation in the lower zone, while being cautious of aggressive selling near the upper target. Moving forward, market participants should monitor if the index can sustain a breakout above 24,600 or if it will face rejection and retreat towards the support zone.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
