Anil Singhvi strategy July 12: Important levels to track in Nifty, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the July 12 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,375-19,425 levels and a strong buy zone at 19,300-19,350 levels on Wednesday, July 12. For the Nifty Bank, he expects support at 44,450-44,525 levels and a strong buy zone at 44,125-44,325 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Neutral
- DII: Neutral
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
The market wizard expects higher levels in the Nifty in the 19,475-19,525 band and a "blue sky" area above 19,550. For the banking index, he sees a higher zone at 45,000-45,125 levels and a strong sell zone at 45,175-45,350 levels.
- FII index longs on a higher side, unchanged at 72 per cent
- Nifty put-call ratio (PCR) at 1.08 vs 0.98
- Nifty Bank PCR near oversold levels, at 0.67 vs 0.74
- Fear index India VIX down four per cent at 11.01
ANIL SINGHVI MARKET STRATEGY
stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.