Anil Singhvi strategy July 19: 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 19 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 19,675-19,725 levels and a strong buy zone at 19,565-19,600 levels on Wednesday, July 19. For the Nifty Bank, he expects support at 45,125-45,275 levels and a strong buy zone at 44,925-45,075 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 higher zone in the Nifty at 19,800-19,825 levels and a "blue sky zone" above 19,825. For the banking index, he sees a higher zone at 45,550-45,650 levels and a profit-booking zone at 45,800-45,900 levels.
- FII index long at 71 per cent vs 70 per cent the previous day
- Nifty put-call ratio (PCR) at 1.34 vs 1.54
- Nifty Bank PCR at 0.99 vs 1.46
- Fear index India VIX up 3.5 per cent at 11.71
ANIL SINGHVI MARKET STRATEGY
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