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Anil Singhvi Outlook on Stock Market: The market witnessed a strong breakout move on Wednesday afternoon, with Zee Business Managing Editor Anil Singhvi highlighting a crucial technical level for the Nifty that could determine the next phase of the rally.

According to Singhvi, the Nifty crossed its September 18 high of 25,449 during intraday trade, signaling strong bullish momentum. A close above 25,450 could confirm a “big breakout” on the index, he said.

If that happens, the next target range for Nifty will be 25,600–25,670, which corresponds to the June 30 high. Similarly, Bank Nifty’s next target is seen at 57,450–57,625, near its July 2 peak.

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On the downside, Singhvi sees strong support for Nifty at 25,275–25,375 and for Bank Nifty at 56,700–56,925. A close above 25,375 for Nifty and 56,925 for Bank Nifty could further fuel bullish momentum, he added.

Singhvi listed five major factors driving today’s upmove:

- Strong start to the Q2 earnings season, with upbeat results boosting sentiment.

- Signs of easing FII selling pressure, indicating return of foreign confidence.

- Donald Trump’s softer tone on India, improving global policy outlook.

- Crude oil prices falling to a five-month low at USD 62 per barrel, easing inflation fears.

- Sharp recovery in the rupee from near life lows, adding to domestic market strength.

For investors who missed the initial surge, Singhvi advises not to stay short in a strong market. He believes midcap and smallcap stocks are yet to see their full rally and companies delivering strong quarterly results are getting re-rated.

“This is a good time to accumulate quality mid and smallcap stocks with strong earnings performance,” Singhvi said.

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Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

Prior to joining Zee Business, he w ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.