Anil Singhvi strategy July 11: 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 19,300-19,325 levels and a strong buy zone at 19,200-19,235 levels on Tuesday, July 11. For the Nifty Bank, he expects support at 44,700-44,750 levels and a strong buy zone at 44,400-44,525 levels.

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

• Global: Positive

• FII: Neutral

• DII: Neutral

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

The market wizard expects higher levels in the Nifty in the 19,400-19,435 zone and a profit-booking area at 19,500-19,525 levels. For the banking index, he sees a higher zone in the 45,125-45,225 band and a strong sell zone at 45,300-45,415 levels.

• FII index longs on a higher side, at 72 per cent vs 70 per cent the previous day

• Nifty put-call ratio (PCR) at 0.98 vs 0.89

• Nifty Bank PCR light at 0.74 vs 0.75 

• Fear index India VIX down 0.5 per cent at 11.46

ANIL SINGHVI MARKET STRATEGY

The market guru suggests focusing on stock-specific moves amid rangebound trade. He expects fresh upmoves in the market once the Nifty and the Nifty Bank hold 19,550 and 45,500 levels respectively. He sees strong support for both indices coming in at 18,900-19,000 and 44,000-44,200 respectively. 

For existing long positions:

• Nifty intraday and closing stpp loss at 19,275

• Nifty Bank intraday and closing stop loss at 44,700

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:

• Buy Nifty with a stop loss at 19,275 for targets of 19,400, 19,435, 19,500 and 19,525

• Aggressive traders can sell Nifty in the 19,435-19,525 range with a strict stop loss at 19,600 for targets of 19,400, 19,375, 19,350, 19,325 and 19,300

For new positions in Nifty Bank:

• Buy Nifty Bank in the 44,400-44,525 range with a stop loss at 44,300 for targets of 44,700, 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

• Sell Nifty Bank in the 45,175-45,350 range with a stop loss at 45,500 for targets of 45,125, 45,075, 45,000, 44,925, 44,850, 44,800 and 44,750

F&O ban update:

• New in ban: Indiabulls Housing Finance, PNB, Zee Enterprises
• Already in ban: Granules India, India Cements, Delta Corp, BHEL
• Out of ban: None

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