Anil Singhvi's Market Strategy for July 26: Positive on cement, capital Goods; Ambuja & Jubilant Food stock of the day

The Indian stock market ended mixed on Wednesday due to pressure from the midcaps in late trading session. The S&P BSE Sensex closed 33.13 points or (0.09%) high at 36,858.23, while Nifty 50 managed to end the day on a negative note by depreciating by 2.30 points or (0.02%) at 11,132.00. In addition, Nifty Bank also closed by gaining 56.90 points (0.21%) at 27,031.30. 

Strong sentiments, positive global and neutral foreign institutional investors (FII), domestic institutional investors (DIIs) and future and option (F&O) cues suggest that the Indian market will continue its impressive bull run and remain positive on July 26, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 26: 

11,100 and 27,000 are going to be the deciding levels on Nifty and BankNifty. 

The small trading range on Nifty stands at 11,075-11,200 and the bigger range lies between 11,025-11,250. 

In the case of BankNifty, the small trading range will lie between 26,900-27,150, while 26,725-27,350 is going to be the bigger range. 

Important support zone on Nifty and BankNifty lies at 11,075-11,100 and 26,850-26,950 respectively. 

Anil Singhvi suggests traders to reduce their buying positions if Nifty and BankNifty close below 11,075 and 26,850. 

Buy and Sell Strategy on Nifty 

Buy Nifty with a stop loss of 11,075 and a target of 11,175-11,200-11,250. 

Sell Nifty above 11,225 with a stop loss of 11,250 and a target of 11,175-11,150. 

Buy and Sell Strategy on BankNifty 

Buy BankNifty with a stop loss of 26,850 with a target of 27,150-27,250-27,350. 

Sell BankNifty in 27,250-27,350 range with a stop loss of 27,400 and target of 27,150. 

The put-call ratio (PCR) for July 26 stands at 1.89 and the volatility index (VIX) is 12.21.

Positives: Cement, Capital Goods, Oil & Gas, Consumption

Already in F&O Ban: Adani Enterprises Ltd. 

Result Analysis:

L&T: Positive, Book profit on gap up, 1350-1370 possible

Hero Moto: Neutral, Short covering expected, will not fall

Bharti Infratel: Neutral to positive, small buying expected up to 295

IRB: Neutral, some short covering possible

Canara Bank: Stable results, fresh buying expected up to 270-275

Stock of the Day: 

Buy Ambuja with target 216, 222, 228 and stop loss 198 as the company has showcased strong Operating performance and Huge dividend income.

Buy Jubilant Food with target 1425, 1440, 1465, 1500 and stop loss at 1375 as the company has posted strong results and the management has clarified and denied to sell the stake.