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Anil Singhvi Market Strategy: Nifty50 profit-booking zone at 24,000-24,125—Key levels to track
Zee Business 6 hrs ago·4 Nov 2026, 3:46 am
Stocks Zee Business
Renowned market strategist Anil Singhvi has identified the 24,000-24,125 zone on the Nifty50 index as a critical area for profit-booking. This range is considered a potential resistance level where investors may choose to lock in gains, potentially leading to a short-term pullback in the market. The strategist suggests that this specific band is significant because it often acts as a psychological barrier for traders.
For retail investors, this observation is important as it highlights a period of caution. If the index moves towards this zone, it may face selling pressure, which could lead to volatility. Understanding these key levels helps investors manage their risk and decide whether to hold onto their positions or partially book profits before a potential decline.
Moving forward, investors should closely monitor the index's reaction at these levels. A decisive break above 24,125 could signal a continuation of the uptrend, while a rejection of this range might trigger a deeper correction. Keeping an eye on volume and market breadth will also provide further clarity on the market's next move.
Key takeaways
- Category: Stocks.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
