Anil Singhvi strategy July 17: 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 17 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 19,500-19,525 levels and a strong buy zone at 19,400-19,440 levels on Monday, July 17. For the Nifty Bank, he expects support at 44,550-44,675 levels and a strong buy zone at 44,325-44,450 levels.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Positive
- DII: Negative
- F&O: Neutral
- Sentiment: Positive
- Trend: Positive
The market wizard expects a "blue sky zone" in the Nifty above 19,600. For the banking index, he sees a higher zone at 45,000-45,125 levels and a strong sell zone at 45,175-45,300 levels.
- FII index longs at 70 per cent vs 69 per cent
- Nifty put-call ratio (PCR) on a higher side, at 1.34 vs 1.11
- Nifty Bank PCR at 0.86 vs 0.78
- Fear index India VIX down 2.5 per cent at 10.68
ANIL SINGHVI MARKET STRATEGY
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