Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,635-18,665 levels and a strong buy zone at 18,550-18,600 levels on Tuesday, June 27. For the Nifty Bank, the market wizard sees support at 43,450-43,550 levels and a strong buy zone at 43,200-43,350 levels. 

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

  • Global: Neutral
  • FII: Positive
  • DII: Neutral
  • F&O: Neutral
  • Sentiment: Neutral
  • Trend: Positive

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For the 50-scrip headline index, he expects a higher zone at 18,755-18,800 levels and a strong sell zone at 18,825-18,875 levels.​ For the banking index, he sees a higher zone at 43,775-43,875 levels and a strong sell zone at 43,925-44,075 levels.   

  • FII index longs at  53 per cent vs 53 per cent the previous day 
  • Nifty put-call ratio (PCR) 0.93 vs 0.93
  • Nifty Bank PCR at 0.84 vs 0.88
  • Fear index India VIX up 1.42 per cent at 11.40

ANIL SINGHVI MARKET STRATEGY

Market guru Anil Singhvi believes midcap and smallcap segments are showing signs of buying. He points out that global markets continue to give muted signals, and highlights a slower pace of foreign fund inflow in the cash segment while acknowledging strong buying in futures.  

Singhvi expects higher levels in the Nifty and Nifty Bank indices after 18,900 and 44,100 levels respectively. Traders need not worry as long as the gauges stay above the 18,475 and 43,000 levels on a closing basis, he adds.  

For existing long positions:

  • Nifty intraday and closing stop loss at 18,550
  • Nifty Bank intraday stop loss at 43,350 and closing stop loss at 43,450 

For existing short positions:

  • Nifty intraday and closing stop loss at 18,900
  • Nifty Bank intraday and closing stop loss at 44,100

For new positions in Nifty:

  • Buy Nifty with a stop loss at 18,550 for targets of 18,720, 18,755, 18,775, 18,800, 18,825, 18,850 and 18,875
  • Sell Nifty in the 18,775-18,875 range with a stop loss at 18,925 for targets of 18,750, 18,720, 18,690, 18,660, 18,635 and 18,600

For new positions in Nifty Bank:

  • Buy Nifty Bank in the 43,350-43,500 range with a stop loss at 43,200 for targets of 43,550, 43,625, 43,675, 43,725, 43,775 and 43,825
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 43,475 for targets of 43,725, 43,775, 43,825, 43,875, 43,925, 43,975 and 44,025
  • Aggressive traders can sell Nifty Bank in the 43,825-43,975 range with a strict stop loss at 44,100 for targets of 43,775, 43,725, 43,675, 43,625, 43,550 and 43,500

F&O ban update:

  • New in ban: None
  • Already in ban: Hindustan Copper, RBL Bank
  • Out of ban: HAL, L&TFH, PNB

Stocks of the day: 

Cyient DLM IPO 

The market wizard recommends applying for the public offer for listing gains as well as from a long-term perspective. 

Positives

  • Reputed promoter background
  • No criminal litigation against company, promoters and directors
  • Strong growth outlook
  • Strong names in anchor book

Negatives

  • High dependency on imported raw material
  • Valuations reasonable; not cheap, not very high

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