Anil Singhvi strategy July 10: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,200-19,235 levels and a strong buy zone at 18,975-19,025 levels on Monday, July 10. For the Nifty Bank, he expects support at 44,750-44,850 levels and a strong buy zone at 44,400-44,525 levels.

Here's how Anil Singhvi sums up the market setup:

• Global: Negative

• FII: Negative

• DII: Negative

• F&O: Positive

• Sentiment: Neutral

• Trend: Positive

The market wizard expects higher levels in the Nifty at 19,375-19,425 and a strong sell area at 19,475-19,525 levels. For the banking index, he sees a higher zone in the 45,075-45,225 band and a profit-booking zone at 45,300-45,425 levels.

• FII index longs on a higher side, at 70 per cent vs 73 per cent the previous day

• Nifty put-call ratio (PCR) lighter at 0.89 vs 1.48

• Nifty Bank PCR lighter at 0.75 vs 1.12

• Fear index India VIX down three per cent at 11.53

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 19,275

• Nifty Bank intraday and closing stop loss at 44,750

For existing short positions:

• Nifty intraday and closing stop loss at 19,550

• Nifty Bank intraday stop loss at 45,225 and closing stop loss at 45,350

For new positions in Nifty:

• Aggressive traders can sell Nifty in the 19,390-19,500 range with a strict stop loss at 19,550 for targets of 19,350, 19,325, 19,300, 19,235 and 19,200

• Aggressive traders can buy Nifty in the 19,200-19,235 range with a strict stop loss at 19,150 for targets of 19,300, 19,325, 19,375, 19,400 and 19,425

For new positions in Nifty Bank:

• Aggressive traders can sell Nifty Bank in the 45,225-45,400 range with a strict stop loss at 45,500 for targets of 45,150, 45,075, 45,000, 44,925, 44,850, 44,800 and 44,750

• Buy Nifty Bank in the 44,400-44,525 range with a stop loss at 44,300 for targets of 44,750, 44,800, 44,850, 44,925 and 45,000

• Aggressive traders can buy Nifty Bank with a strict stop loss at 44,700 for targets of 45,000, 45,075, 45,125, 45,175, 45,225, 45,300, 45,350 and 45,400

F&O ban update:

• New in ban: Granules India, India Cements
• Already in ban: Delta Corp, BHEL
• Out of ban: None

Stock of the day:

Buy Chola Finance futures with a stop loss at Rs 1,165 for targets of Rs 1,200, Rs 1,225, Rs 1,245 and Rs 1,265

• Strong quarterly update and results expected
• A big brokerage house bullish with a target of Rs 1,300-1,350 

Cyient DLM listing preview:

The market guru expects the stock to list on the bourses around Rs 425-450 levels as against the issue price of Rs 265. 

• Long-term investors can hold
• Short-term investors can keep a stop loss at Rs 400

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