Anil Singhvi strategy July 14: 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 19,300-19,350 levels and a strong buy zone at 19,200-19,235 levels on Friday, July 14. For the Nifty Bank, he expects support at 44,450-44,550 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: Negative

• DII: Neutral

• F&O: Positive

• Sentiment: Neutral

• Trend: Positive

The market wizard expects higher levels in the Nifty in the 19,440-19,500 band and profit-booking area at 19,550-19,600. For the banking index, he sees a higher zone at 44,850-44,925 levels and a strong sell zone at 45,000-45,125 levels.

• FII index longs at 69 per cent vs 72 per cent
• Nifty put-call ratio (PCR) at 1.11 vs 0.88
• Nifty Bank PCR at 0.78 vs 0.67
• Fear index India VIX unchanged, at 10.94

ANIL SINGHVI MARKET STRATEGY

14th July Strategy : आज की स्ट्रैटेजी #FirstTrade #MarketStrategy #TradingTips #Nifty #BankNifty

Zee Business LIVE- https://t.co/WwK6KB8eBb pic.twitter.com/98lTkaVKiS

— CA Anil Singhvi Zee Business (@AnilSinghvi_) July 14, 2023

For existing long positions:

• Nifty intraday and closing stop loss at 19,275

• Nifty Bank intraday stop loss at 44,450 and closing stop loss at 44,300

For existing short positions:

• Nifty intraday and closing stop loss at 19,600

• Nifty Bank intraday stop loss at 45,150 and closing stop loss at 45,000

For new positions in Nifty:

• Buy Nifty in the 19,300-19,350 range with a stop loss at 19,200 for targets of 19,400, 19,415, 19,440, 19,500, 19,525 and 19,550

• Aggressive traders can buy Nifty with a strict stop loss at 19,300 for targets of 19,440, 19,500, 19,525, 19,550 and 19,600

• Aggressive traders sell Nifty in the 19,500-19,575 range with a strict stop loss at 19,625 for targets of 19,440, 19,415, 19,375, 19,350, 19,325 and 19,300

For new positions in Nifty Bank:

• Buy Nifty Bank in the 44,125-44,325 range with a stop loss at 44,000 for targets of 44,450, 44,500, 44,550, 44,650, 44,725 and 44,800

• Aggressive traders can buy Nifty Bank with a strict stop loss at 44,450 for targets of 44,750, 44,800, 44,850, 44,925, 45,000 and 45,075

• Sell Nifty Bank in the 44,925-45,075 range with a stop loss at 45,225 for targets of 44,875, 44,800, 44,750, 44,675, 44,575 and 44,500

Stocks in F&O ban:

• New in ban: Delta Corp
• Already in ban: Hindustan Copper, Manappuram Finance, Indiabulls Housing Finance, PNB, Zee Entertainment, India Cements
• Out of ban: None

Stock of the day:

Buy Infosys futures with a stop loss at Rs 1,350 for targets of Rs 1,380, Rs 1,390 and Rs 1,450

• IT stocks looking strong ahead of results
• ADR up 4.5 per cent

Wipro results review:

• Lower than estimate on all parameters
• Outlook stable
• Large deal bookings, the highest in eight quarters

Patanjali OFS

• Retail Investors should apply at cut off price
• Payment can be done at clearing price of 1103.80,
• By opting for cut off price option, Retail will get allotment at the final price

Senco Gold IPO listing today

• Expected to list in Rs 390-420 range against the upper end of the issue price range, at Rs 317
• Investors can keep a stop loss at Rs 375

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