Anil Singhvi’s Strategy July 14: Day support zone on Nifty is 10,675-10,725 & Bank Nifty is 21,800-21,900

Anil Singhvi’s Strategy July 14: Amid neutral global markets, futures & options (F&O), sentiment, negative foreign institutional investors (FIIs) and domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, July 14, 2020.

Benchmark domestic stocks on Monday, July 13, 2020, advanced marginally around 0.3 per cent amid positive global cues. Gains were led by index pivotals Reliance Industries, Infosys and Hindustan Unilever. The Nifty managed to close above 10,800-mark after falling below that level in the intraday trade. Sensex at Bombay Stock Exchange closed 99 points, or 0.27 per cent, up at 36,694. Similarly, the Nifty at National Stock Exchange gained 35 points, or 0.32 per cent, to settle at 10,803. However, Bank Nifty fell 280 points, or 1.25 per cent, to settle at 22,118.

In the broader market at BSE, the Mid-cap closed almost flat as it added 0.05 per cent while the Small-cap logged a loss of 0.15 per cent.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for July 14: 

Day support zone on Nifty is 10,675-10,725, below that 10,550-10,625 is strong support zone.

Higher range on Nifty is 10,850-10,900, above that 10,950-11,000 is Profit-Booking zone. 

Day support zone on Bank Nifty is 21,800-21,900, below that 21,500-21,650 is strong support zone.

Day higher range on Bank Nifty is 22,200-22,400, above that 22,500-22,650 is Profit-Booking zone.

The small day range for trading on Nifty is 10,750-18,000, while the medium and bigger ranges are 10,725-10,850 and 10,675-10,900, respectively. 

The small day range for trading on Bank Nifty is 21,850-22,200, while the medium and bigger ranges are 21,750-22,400 and 21,650-22,650, respectively.

Put-Call Ratio (PCR) is 1.44, India Volatility Index (VIX) 1% UP at 25.25.

For Existing Long Positions:

Nifty intraday and closing stop loss are 10,675.

Bank Nifty intraday and closing stop loss are 21,900.

For Existing Short Positions:

Nifty intraday and closing stop loss are 10,900.

Bank Nifty intraday and closing stop loss are 22,400.

For New Positions:

Sell Nifty with a stop loss of 10,900 and target 10,750, 10,725, 10,675.

Buy Nifty in 10,675-10,725 range with a stop loss of 10,625, and target 10,750, 10,800, 10,850, 10,900

Sell Bank Nifty with a stop loss of 22,400 and target 21,950, 21,850, 21,750, 21,650, 21,500.

Buy Bank Nifty in 21,500-21,650 range with a stop loss of 21,400 and target 21,750, 21,850, 21,950.

7 Stocks In F&O Ban:

New Entry: SAIL, Escorts

Already in Ban: Glenmark, Century Textiles, Vodafone Idea, PNB, Equitas.

Out of Ban: BHEL