Anil Singhvi's Market Strategy for July 20: Market trend Neutral; Bata is stock of the day

Indian stock markets on Thursday ended sharply lower. The S&P BSE Sensex settled at 36,351.23 lower by 22.21 points (0.06%), while the Nifty 50 closed lower by 23.35 points (0.21%) at 10,957.10. Similarly, BankNifty also went down by 91.25 points (0.34%) to settle at 26,789.65. 

But positive domestic institutional investors (DIIs), neutral global, foreign institutional investors(FII) and future and option (F&O) cues hint that the short term domestic market is going to be neutral on July 20, 2018 - the last day of the week to trade. However, the traders are advised to be cautious while trading in the market. 

Rupee value, results and the no-confidence motion are going to be an important trigger in the market. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 20: 
Small trade range on Nifty stands between 10900-11000, while the bigger range will be at 10850-11075. 
 Small trade range on BankNifty lies between 26,650-27,000 and the bigger trading range stands at 26,500-27,150. 
10,900-10,925 and 26,650-26,700 are going to be an important support zone on Nifty and BankNifty. 

Anil Singhvi suggests traders to reduce their buying positions if Nifty and BankNifty closes below 10,925 and 26,650 respectively. 

Watch this Zee Business video here:

Sell and Buy strategy on Nifty  
Sell Nifty with a stop loss of 11,025 and a target of 10,925-10,900-10,875. 
Buy Nifty near 10875 with a stop loss of 10,850 and a target of 10,900-10,925. 

Sell and Buy strategy on BankNifty  
Sell BankNifty with a stop loss of 27,050 with a target of 26,700-26,650-26,500. 
Buy BankNifty near 26650 with a stop loss of 26,500 with a target of 26,750-26,800. 

The put-call ratio (PCR) for July 20 stands at 1.64 and the volatility index (VIX) is 13.59.  

Entry or Out of F&O Ban: Nil
Already in Ban: Adani Ent., Adani Power
Stock of the Day: Buy Bata