Anil Singhvi strategy August 5: Metals, Oil & Gas and PSU Banks are Negative; Sell Reliance Industries Futures with stop loss at 1195

Amid positive domestic institutional investors (DIIs), negative futures and options (F&O), negative global markets, foreign institutional investors (FIIs) and sentiment cues, the short-term trend of the domestic Indian markets will be Negative today.

Earlier on Friday, after facing heavy selloff in the early morning trade session, the Indian indices regained the early morning losses after closing. The BSE Sensex gained 99 points in the intraday and closed at 37,118 levels while the Nifty-50 index gained 17 points and closed at 10,997 levels. But, the Bank Nifty index went off 162 points and closed at 28,204 levels. 

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Zee Business's Managing Editor Anil Singhvi's Market Strategy for August 1:

Global: Negative

FII: Negative

DII: Positive

F&O: Negative

‪Sentiment: Negative

Trend: Negative 

Nifty 11000 Nirnayak level

10875-11000 small day range, Medium range 10850-11075, Bigger range 10775-11150

Bank Nifty 28050-28200 small day range, Medium range 27950-28350. Bigger range 27550-28500 

For Existing Long Positions:

Nifty intraday SL 10850 n closing 10975

Bank Nifty intraday SL 27900 and closing 28200 

For Existing Short Positions:

Nifty intraday SL 11100 n Closing 11150

Bank Nifty intraday SL 28550 and Closing 28400 

For New Positions:

Sell Nifty:

SL 11100 Tgt 10875, 10850, 10800 

Sell Bank Nifty:

SL 28250 TGT 28050, 27950, 27750 

PCR1.18, VIX  15.19

Sectors: Negative: Metals, Oil & Gas, PSU Banks 

Results Analysis:

Bata: Results as expected, Futures range 1280-1340 

Sell ITC Futures:

SL 270 Tgt 260, 255, 250

Weak cigarette volume growth at 3% 

Stock Of the Day:

Sell SBI Futures:

SL 312 Tgt 300, 295, 290

After results, stocks to fall more on weak asset quality 

Aaj Ka Hero:

Sell Reliance Ind Futures:

SL 1195 Tgt 1170, 1155, 1145

RIL to lead the weakness now, CS reduced target to 995