Anil Singhvi strategy July 6: 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 19,300-19,340 levels and a strong buy zone at 19,200-19,235 levels on Thursday, July 6. For the Nifty Bank, he expects support at 45,000-45,075 levels and a strong buy zone at 44,750-44,900 levels.  

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

• Global: Negative

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

The market wizard expects a higher zone in the Nifty at 19,400-19,435 levels and a profit-booking zone at 19,475-19,525 levels. For the banking index, he sees a higher zone in the Nifty Bank in the 45,300-45,425 band and a profit-booking zone at 45,500-45,650 levels.

• FII index longs on a higher side, unchanged at 72 per cent

• Nifty put-call ratio (PCR) at 1.37 vs 1.47

• Nifty Bank PCR lighter at 1.08 vs 1.38

• Fear index India VIX up 1.5 per cent at 11.88

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday stop loss at 19,300 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 19,500

• Nifty Bank intraday stop loss at 45,500 and closing stop loss at 45,300

For new positions in Nifty:

• Aggressive traders can sell Nifty with a strict stop loss at 19,525 for targets of 19,350, 19,325, 193,00, 19,240 and 19,200

• Aggressive traders buy Nifty in the 19,235-19,340 range with a strict stop loss at 19,175 for targets of 19,390, 19,420, 19,435, 19,475 and 19,500

For new positions in Nifty Bank:

• Sell Nifty Bank in the 45,300-45,500 range with a stop loss at 45,650 for targets of 45,150, 45,075, 45,000 and 44,900

• Aggressive traders sell Nifty Bank with a strict stop loss at 45,425 for targets of 45,075, 45,000, 44,900, 44,800, 44,750 and 44,525

• Buy Nifty Bank in the 44,750-44,900 range with a stop loss at 44,700 for targets of 45,000, 45,075, 45,150, 45,300 and 45,350

• Aggressive traders can buy Nifty Bank near 45,000 with a strict stop loss at 44,900 for targets of 45,075, 45,150, 45,300, 45,350, 45,400, 45,475 and 45,650

F&O ban update:

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

Stock of the day:

Buy PEL futures near the block deal price with a stop loss at Rs 913 for targets of Rs 950, Rs 965 and Rs 980

• Huge cash with the company after Shriram Finance stake sale
• Trading at attractive valuations

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