Amid positive domestic institutional investors (DIIs), neutral global markets and futures and options (F&O) and negative foreign institutional investors (FIIs) cues, the short-term trend of the domestic Indian markets will be Negative on Monday, July 29, 2019, while sentiment is cautious. 

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Earlier on Friday, July 26, 2019, the equity market ended with small gains after snapping a six-day losing streak. The recovery was backed by firmness in bank, auto and metal stocks. Sensex at Bombay Stock Exchange climbed 51.81 points (0.14%) to settle at 37,882.79. Nifty at National Stock Exchange also added 32.15 points (0.29%) to end at 11,284.30. Similarly, Bank Nifty gained 282.25 points (0.97%) to settle at 29,325.30. Yes Bank (up 9.07%), Bajaj Finance (up 7.40%), Bajaj Finserv (up 7.33%) and Eicher Motor (up 4.19%) were the top gainers of the day. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 29:

The small and medium day range for trading on Nifty lies between the mark of 11,225-11,350 and 11,200-11,400 respectively. 

The small and medium day range for trading on Bank Nifty lies between the mark of 29,200-29,375 and 29,075-29,500 respectively, while the bigger range stands at 28,900-29,650. 

For Existing Long Positions:

Nifty intraday stop loss 11,200 and closing stop loss 11,250. 

Bank Nifty intraday stop loss 29,200 and closing stop loss 28,950.

For Existing Short Positions:

Nifty intraday and closing stop loss 11,375.  

Bank Nifty intraday and closing stop loss 29,500. 

For New Positions:

Buy Nifty in 11,225-11,250 range with a stop loss of 11,200 and target 11,300, 11,325. 

Sell Nifty near 11,350 with a stop loss of 11,400 and target 11,300, 11,275. 

Buy Bank Nifty in 28,950-29,075 range with a stop loss of 28,850 and target 29,200, 29,325. 

Sell Bank Nifty in 29,500-29,600 range with a stop loss of 29,775 and target 29,375, 29,200. 

The put-call ratio (PCR) stands at 1.37 and the volatility index (VIX) is 12.13.

Sectors:

Positive: Private Banks.

Negative: Auto, NBFC.

Result Analysis:

ICICI Bank Futures: Range 410 to 425-430. Good results with improved asset quality. 

Havells Futures: Very poor performance, already given short from 785 levels. Lower levels 680, 675, 665. Keep SL of 705 for short positions. 

Vedanta Futures: Results inline. Debt reduction of Rs6750 crore is positive. Support at 160, higher range 170-175. 

Stock of the Day:

Sell Indiabulls Housing Futures: Stop loss 630 and target 610, 595. After a big gap down stock may recover, be alert on lower levels. 

Aaj ka Hero:

Sell Hero Moto Futures: Stop loss 2490 and target 2440, 2410, 2400. Vehicle registration policy draft big negative for the auto sector. No relief in GST over the weekend.