Anil Singhvi strategy July 5: 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 19,250-19,300 levels and a strong buy zone at 19,175-19,225 levels on Wednesday, July 5. For the Nifty Bank, he expects support at 45,000-45,150 levels and a strong buy zone at 44,750-44,900 levels.  

Here's how Anil Singhvi sums up the market setup:

• Global: Neutral

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

The market wizard expects a higher zone in the Nifty at 19,435-19,500 levels and a "blue sky zone" above the 19,500 mark. For the banking index, he sees a higher zone in the 45,500-45,650 band and a blue sky zone above 45,650.

• FII index longs on a higher side, at 72 per cent vs 70 per cent the previous day
• Nifty put-call ratio (PCR) at 1.47 vs 1.48
• Nifty Bank PCR at 1.38 vs 1.40
• Fear index India VIX up 1.5 per cent at 11.70

ANIL SINGHVI MARKET STRATEGY

ALSO READ: How market wizard Anil Singhvi views the ongoing July F&O series

For existing long positions:

• Nifty intraday and closing stop loss at 19,175

• Nifty Bank intraday stop loss at 45,000 and closing stop loss at 44,750

For existing short positions:

• Nifty intraday and closing stop loss at 19,450

• Nifty Bank intraday and closing stop loss at 45,700

For new positions in Nifty:

• Buy Nifty in the 19,235-19,300 range with a stop loss at 19,175 for targets of 19,340, 19,390, 19,425 and 19,475

• Aggressive traders can sell Nifty in the 19,435-19,500 range with a strict stop loss at 19,550 for targets of 19,400, 19,350, 19,325, 19,300, 19,235 and 19,200

For new positions in Nifty Bank:

• Buy Nifty Bank in the 44,750-44,900 range with a stop loss at 44,700 for targets of 45,000, 45,150, 45,300 and 45,350

• Aggressive traders can buy Nifty Bank in the 45,000-45,150 range with a strict stop loss at 44,850 for targets of 45,300, 45,350, 45,500 and 45,650

• Aggressive traders can sell Nifty Bank in the 45,500-45,650 range with a strict stop loss at 45,700 for targets of 45,350, 45,300, 45,150, 45,000, 44,900 and 44,800

F&O ban update:

• Already in ban: Indiabulls Housing Finance
• New in ban: None
• Out of ban: None

Stock of the day:

Buy Samvardhana Motherson futures with a stop loss at Rs 84 for targets of Rs 86.75, Rs 88 and Rs 89.75

• Rs 1,100 crore investment in Japanese company a positive
• EPS to increase by 5-7 per cent

Sell Bandhan Bank futures with a stop loss at Rs 235 for targets of Rs 225, Rs 222 and Rs 220

• Quarterly update unimpressive
• CFO resigned

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