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

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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

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