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

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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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