Anil Singhvi strategy July 3: 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 3 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 a strong buy zone in the Nifty index coming in at 18,975-19,025 levels on Monday, July 3. The market wizard sees a strong buy zone in the Nifty Bank in the 44,450-44,525 band.
He points out "blue sky zones" in the Nifty and the Nifty Bank above 19,200 and 44,800 levels respectively.
Here's how Anil Singhvi sums up the market setup:
- Global: Positive
- FII: Positive
- DII: Positive
- F&O: Cautious
- Sentiment: Positive
- Trend: Positive
For the banking index, he expects a higher zone at 44,425-44,500 levels and a blue sky zone above the 44,550 mark.
- FII index longs at 69 per cent vs 66 per cent the previous day
- Nifty put-call ratio (PCR) near overbought levels, at 1.58 vs 1.41
- Nifty Bank PCR at 1.40 vs 1.30
- Fear index India VIX down one per cent at 10.8
ANIL SINGHVI MARKET STRATEGY
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