Anil Singhvi strategy June 30: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty index coming in at 18,860-18,890 levels on Friday, June 30. The market wizard points out that levels above 19,025 will be the "blue sky zone" for the headline index. 

For the Nifty Bank, he sees support at 44,125-44,175 and a strong buy zone at 43,925-44,025 levels. 

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

• Global: Positive

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

For the banking index, he expects a higher zone at 44,425-44,500 levels and a blue sky zone above the 44,550 mark.    

• FII index longs at 66 per cent vs 60 per cent 

• Nifty put call ratio (PCR) at 1.41 vs 1.21

• Nifty Bank PCR at 1.3 vs 1.46

• Fear index India VIX up one per cent at 10.89

ANIL SINGHVI MARKET STRATEGY

The market guru highlights that the July F&O series usually brings highly positive moves, but over the past two years, no four back-to-back series have emerged positive. 

He suggests holding on to long positions in the Nifty and the Nifty Bank with stop loss levels at 18,550 and 43,300 respectively. 

For existing long positions:

• Nifty intraday and closing stop loss at 18,800

• Nifty Bank intraday and closing stop loss at 43,950 

For existing short positions:

• Nifty intraday and closing stop loss at 19,025

• Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

• Buy Nifty with a stop loss at 18,850 for targets of 19,000 and 19,025, and hold the position on the upside with a stop loss of 50 points 

For new positions in Nifty Bank:

• Buy Nifty Bank in the 44,125-44,175 range with a stop loss at 43,950 for targets of 44,225, 44,275, 44,325, 44,425 and 44,475

• Aggressive traders can buy with a stop loss at 44,100 for targets of 44,425, 44,500 and 44,550, and hold the position on the upside with a stop loss of 100 points 

F&O ban update:

• New in ban: None

• Already in ban: None

• Out of ban: L&T Finance Holdings, Manappuram

PKH Ventures IPO 

The market expert suggests avoiding the upcoming IPO of PKH Ventures, which opens for subscription at 10 am. Read more on what market wizard Anil Singhvi makes of PKH Ventures IPO

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