Anil Singhvi strategy June 19: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,690-18,775 levels and a strong buy zone at 18,600-18,660 levels on Monday, June 19. For the Nifty Bank, the market wizard sees support at 43,675-43,825 levels and a strong buy zone at 43,400-43,525 levels. 

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

• Global: Negative

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

For the 50-scrip headline index, he expects a higher zone at 18,865-18,900 levels and a profit-booking zone at 18,950-19,025 levels.​ For the banking index, he sees a higher zone at 44,075-44,175 levels and a strong sell zone at 44,275-44,425 levels.   

• FII index longs at 55 per cent vs 52 per cent the previous day

• Nifty put-call ratio (PCR) for all contracts at 1.29 vs 1.13

• Nifty Bank PCR for all contracts at 0.99 vs 0.66

• Fear index India VIX down 2.17 per cent at 10.84 

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

• Nifty intraday stop loss at 18,690 and closing stop loss at 18,600

• Nifty Bank intraday and closing stop loss at 43,650

For existing short positions:

• Nifty intraday and closing stop loss at 18,900

• Nifty Bank intraday and closing stop loss at 4,4300

For new positions in Nifty:

• Buy Nifty in the 18,690-18,775 range with a stop loss at 18,600 for targets of 18,800, 18,825, 18,860, 18,885, 18,925 and 18,975

• Aggressive traders can sell Nifty in the 18,860-18,925 range with a strict stop loss at 19,025 for targets of 18,825, 18,800, 18,750, 18,725 and 18,690

For new positions in Nifty Bank:

• Buy Nifty Bank in the 43,525-43,675 range with a stop loss at 43,375 for targets of 43,750, 43,800, 43,875, 43,925, 43,975, 44,025 and 44,075

• Sell Nifty Bank in the 44,175-44,350 range with a stop loss at 44,500 for targets of 44,125, 44,075, 44,000, 43,950, 43,875 and 43,825

F&O ban update:

• New in ban: None

• Already in ban: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, L&T Finance Holdings, Manappuram, Tata Chemicals, ZEEL

• Out of ban: BHEL

Stock of the day:

Buy Dr Reddy's futures with a stop loss at Rs 4900 for targets of Rs 4,955, Rs 4,970, Rs 4,995 and Rs 5,040

• Signs of improvement in the US Business
• Strong growth in the Indian business
• BofA raises target to Rs 5,500 from Rs 5,220 

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