Anil Singhvi’s Strategy July 15: Amid positive global markets, futures & options (F&O), negative foreign institutional investors (FIIs), domestic institutional investors (DIIs) neutral sentiment, cues, the short-term trend of the Indian stock markets will be positive on Wednesday, July 15, 2020.

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Equity benchmarks on Tuesday, July 14, 2020, plunged 1.8 per cent, dragged by losses in financial stocks amid a selloff in global markets. Negative global cues and rising global coronavirus cases dented sentiment. Percolating tensions between the US and China also worried investors. The United States on Monday rejected China's disputed claims to offshore resources in most of the South China Sea.

After touching a low of 35,877, the 30-share BSE Sensex settled 661 points, or 1.80 per cent, lower at 36,033. Likewise, the NSE Nifty fell 195 points, or 1.81 per cent, to 10,607. Similarly, Bank Nifty fell 697 points, or 3.16 per cent, to 21,392. 

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In the broader market at BSE, the Mid-cap declined 0.95 per cent and the Small-cap logged loss of 0.93 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for July 15: 

Day support zone on Nifty is 10,475-10,550, the higher range is 10,700-10,750, above that 10,800-10,850 is Profit-Booking zone.

Day support zone on Bank Nifty is 20,900-21,200, the higher range is 21,650-21,850 higher range, above that 21,950-22,150 is Profit-Booking zone.

Put-Call Ratio (PCR) is 1.14, oversold, short-covering expected, India Volatility Index (VIX) 5% UP at 26.64. 

For Existing Long Positions:

Nifty intraday and closing stop loss are 10,550.

Bank Nifty intraday and closing stop loss are 21,200.

For Existing Short Positions:

Nifty intraday stop loss is 10,725 and closing stop loss is 10,825.

Bank Nifty intraday stop loss is 21,750 and closing stop loss is 22,050.

For New Positions:

Buy Nifty with a stop loss of 10,550 and target 10,700, 10,750, 10,800, 10,850.

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

Buy Bank Nifty with a stop loss of 21,200, and target 21,650, 21,750, 21,850, 21,950, 22,050.

Sell Bank Nifty in 21,850-21,950 range with a stop loss of 22,200 and target 21,750, 21,650, 21,500. 

9 Stocks In F&O Ban:

New Entry: Sun TV, Canara Bank, Mindtree

Already in Ban: Century Textiles, Vodafone Idea, PNB, Equitas, SAIL, Escorts

Out of Ban: Glenmark 

Stock Of the Day:

Buy RIL Futures: Stop loss 189 and target 1940, 1950, 1975, 2000. Buying expected before AGM. 

Buy Maharashtra Seamless: Stop loss 220 and target 235, 245. Petroleum Minister tweeted about $100 billion investment opportunity in energy infrastructure.