Positive impactStocks
Anil Singhvi Nifty50 Strategy: Strong buy zone at 24,025-24,125—What HDFC Bank, ICICI Bank, other index heavyweights are signalling
Zee Business 18 hrs ago·20 Jul 2026, 2:52 am
Stocks Zee Business
Anil Singhvi of SMC Global has identified a key support zone for the Nifty 50 index, suggesting that current levels around 24,025 to 24,125 present a strong buying opportunity. This technical view is based on the current price action of major index heavyweights, including HDFC Bank and ICICI Bank. The strategy implies that these large-cap stocks are nearing a point where they could stabilize and potentially rally, acting as a foundation for broader market recovery.
For investors, this signals a potential bottoming-out phase in the market. A strong bounce from this zone would indicate that the selling pressure has eased and institutional interest is returning. It suggests that the broader market may be poised for a move higher, driven by the performance of its most influential constituents.
Investors should monitor the volume of trades during the next few sessions. A sustained rally with increasing volume would confirm the strength of this support zone. Conversely, a break below 24,025 would invalidate this view and suggest that the market may need to find a new, lower level before stabilizing.
Key takeaways
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. 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.
