First RBI Monetary Policy under Governor Sanjay Malhotra, Delhi Election Results... Market guru Anil Singhvi explains how to navigate market

RBI Monetary Policy, Delhi Election Results: With benchmark indices Nifty 50 and Sensex gyrating betwixt gains and losses since Budget announcements, each eyes are present connected 2 large events successful the country: The year's archetypal RBI argumentation review, besides the archetypal nether the caller cardinal slope governor Sanjay Malhotra, and the Delhi predetermination results this weekend. Zee Business Managing Editor Anil Singhvi shares his views connected Dalal Street arsenic invetsors await the February RBI monetary argumentation reappraisal and the nationalist superior canvass results. 

How marketplace guru Anil Singhvi views D-Street astir a week into Budget announcements

The marketplace wizard suggests investors proceed a 'buy connected dips' strategy to navigate Dalal Street for now.

He suggests buying lone astatine cardinal enactment levels and taking profits astatine important absorption levels.

Singhvi expects beardown imminent moves successful midcap and smallcap stocks, offering plentiful opportunities than the remainder of the market. 

According to the marketplace wizard, a Bharatiya Janata Party (BJP) triumph successful the nationalist superior Assembly polls volition beryllium mildly affirmative for Dalal Street.  

Here are 4 different things helium points out: 

• The RBI argumentation is expected to beryllium affirmative for D-Street
• Headline indices look little apt to descent beneath their January 27 lows in a affirmative awesome for Dalal Street.
• One should proceed with the 'buy connected dips' strategy arsenic agelong arsenic Nifty and Nifty Bank enactment supra 23,300 and 49,300 levels connected a closing basis, respectively.
• Clear moves supra 23,800 and 50,500 successful the Nifty and Nifty Bank indices volition pb to further gains, respectively. 
• The Delhi predetermination is acceptable to person a negligible interaction connected the market. 

Should investors absorption connected banking and different fiscal stocks up of the February RBI monetary argumentation review? 

The marketplace guru believs that the Nifty Bank is looking stronger than the 50-scrip header scale astatine the existent juncture. 

The marketplace is wide expecting the February reappraisal to bring the archetypal simplification successful post-COVID involvement rates, says Singhvi.  

He expects the Nifty Bank to enactment beardown up of argumentation announcements.