Anil Singhvi’s Strategy July 4: Sentiment & Market Trend is Positive; IndiaMart IPO listing expected near 1125

Amid positive global markets, domestic institutional investors (DIIs) and sentiment and neutral foreign institutional investors (FII) and futures and options (F&O) cues, the short-term trend of the domestic Indian markets will be positive on Thursday, July 4, 2019.

Earlier on Wednesday, July 3, 2019, the benchmark indices closed marginally higher. Sensex at Bombay Stock Exchange climbed 22.77 points (0.06%) to end at 39,839.25. Nifty at National Stock Exchange also added 6.45 points (0.05%) to settle at 11,916.75. Similarly, Bank Nifty gained 99 points (0.32%) and closed at 31,382.30.

See Anil Singhvi's tweet below:

#MarketStrategy | वीकली एक्सपायरी के दिन पढ़िए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार रणनीति।@AnilSinghviZEE pic.twitter.com/MwAInn8W2S

— Zee Business (@ZeeBusiness) July 4, 2019

Indiabulls Housing Finance and IndusInd Bank Limited were the top gainers of the day – they rose 7.50% and 3.99% respectively. Other gainers included ITC, Zee Entertainment, Grasim Industries and they gained more than 1 per cent each.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 4:

11,900 and 31,300 are going to be the deciding levels on Nifty and Bank Nifty respectively.

The small and medium day range for trading on Nifty lies between the mark of 11,875-11,950 and 11,840-12,000. The bigger range stands at 11,815-12,075.

The small and medium day range for trading on Bank Nifty lies between the mark of 31,250-31,450 and 31,150-31,500. The bigger range stands at 31,050-31,650. 

For Existing Long Positions:

Nifty intraday and closing stop loss 11,875.

Bank Nifty intraday and closing basis stop loss 31,225. 

For Existing Short Positions:

Nifty intraday and closing stop loss at 11,950.

Bank Nifty intraday and closing stop loss at 31,500. 

For New Positions:

Buy Nifty with a stop loss of 11,875 and target 11,950, 11,975, 12,000.

Sell Nifty near 12,000 with a stop loss of 12,025 and target 11,950, 11,925.

Buy Bank Nifty in 31,200-31,275 range with a stop loss of 31,150 and target 31,375, 31,425, 31,475.

Sell Bank Nifty near 31,500 with a stop loss of 31,550 and target 31,375, 31,275.

Enters F&O Ban: Reliance Capital

Already in Ban: DHFL

The put-call ratio (PCR) stands at 1.39 and the volatility index (VIX) is 13.70.

Stock of the Day:

IndiaMART IPO Listing: Strong listing expected near 1125. Short term investors hold with stop loss 1075 for further gains or book profit.