Anil Singhvi strategy July 7: 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 19,375-19,425 levels and a strong buy zone at 19,300-19,350 levels on Friday, July 7. 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: Negative

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

The market wizard expects a "blue sky zone" in the Nifty at 19,525. For the banking index, he sees a higher zone in the 45,425-45,500 zone and the next target at 45,650.

• FII index longs on a higher side, at 73 per cent vs 72 per cent the previous day

• Nifty put-call ratio (PCR) at 1.48 vs 1.37

• Nifty Bank PCR at 1.12 vs 1.08

• Fear index India VIX unchanged at 11.84

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday and closing stop loss at 19,275

• 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 19,525

• Nifty Bank Intraday and closing stop loss at 45,500

For new positions in Nifty:

• Buy Nifty in the 19,350-19,425 range with a stop loss at 19,275 for a target of 19,500; above 19,525, hold on to the long position with a 50-point stop loss on a trailing basis

• Aggressive traders can sell Nifty with a strict stop loss at 19,525 for targets of 19,425, 19,400, 19,375, 19,350, 19,325 and 19,300

For new positions in Nifty Bank:

• Buy Nifty Bank in the 45,000-45,150 range with a stop loss at 44,900 for targets of 45,300, 45,350, 45,415, 45,500 and 45,650

• Sell Nifty Bank in the 45,425-45,625 range with a stop loss at 45,700 for targets 45,350, 45,300, 45,150, 45,075 and 45,000

• Aggressive traders can sell Nifty Bank with a strict stop loss at 45,500 for targets of 45,150, 45,075, 45,000, 44,900, 44,800 and 44,750

F&O ban update:

• New in ban: Delta Corp, BHEL
• Out of ban: None
• Already in ban: None

Stocks of the day:

Buy Dabur futures with a stop loss at Rs 582 for targets of Rs 605 and Rs 612

• Strong quarterly update with 10 per cent growth
• Strong management commentary about outlook

Buy Titan futures with a stop loss at Rs 3,070 for targets of Rs 3,160 and Rs 3,190

• Strong quarterly update
• Impressive 21 per cent growth in jewellery business

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.