Anil Singhvi Market Strategy July 1: Important levels to track in Nifty50, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 23,865-23,975 levels and a strong buy zone at 23,725-23,800 levels on Monday, July 1. 

For the Nifty Bank, he expects support to come in at 51,850-52,000 levels and a strong buy zone at 51,650-51,775 levels.

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

• Global: Neutral

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions at 83 per cent vs 82 per cent the previous day

• Nifty put-call ratio (PCR) at 1.17 vs 1.49

• Nifty Bank PCR at 0.71 vs 0.97

• Volatility index India VIX down 2.5 per cent at 13.80

He sees a higher zone for the headline index emerging at 24,075-24,175 levels followed by a "blue-sky zone" above 24,225. 

For the banking index, he expects a higher zone at 52,600-52,750 levels and a strong sell zone at 52,800-52,975 levels.

Why is India the real World Champion?

• India beat strong teams like Pakistan Afghanistan, Australia and England in T20 World Cup
• India defeated South Africa, Bangladesh, NEpal and USA with difficulty
• Rohit Sharma is the world's best cricket captain
• Jasprit Bumrah's bowling is second to none across the globe
• Strong batting skills by Rohit Sharma, Virat Kohli, Rishabh Pant and Suryakumar Yadav
• Strong all-rounders Hardik Pandya, Axar Patel and Ravindra Jadeja in the middle order
• Powerful coach Rahul Dravid

Cricket and Dalal Street 

• Strong work as a team | A portfolio must have stocks with strong fundamentals
• Rohit Sharma's captaincy worked wonders | Picking the right stock at the right time is important, just like a good fund manager
• Virat Kohli's strong performance matters even more in a big match | Even if stocks like Reliance don't work every day, they contribute handsomely to life highs in the market
• 30 runs in 30 balls is a rate that generally leads to a defeat | It is important to have faith in the upside in case of a big fall in a bull run
• Suryakumar Yadav's unbelievably strange catch | It is important to stay alert in a weak and volatile market
• Jasprit Bumrah's bold bowling | Discipline and consistency lead to wealth creation
• Rahul Dravid's dependable coaching | One must learn from the experience of big market voices 

EDITOR'S TAKE

• Strong FII inflows on Friday despite weakness on Dalal Street
• FIIs made net purchases of Rs 7,000 crore in stock and index futures
• Domestic funds net bought shares worth Rs 6,650 crore in the cash market
• Trading opportunities on both sides in Nifty and Nifty Bank
• Buy at key support levels
• Keep booking profits at higher levels
• Market action has shifted from largecap stocks to midcap and smallcap stocks
• Signs of good buying in cash market stocks
• After consolidation, focus on midcap and smallcap stocks till the emergence of fresh peaks in the market
• Very strong support for Nifty50 placed at 23,800-23,900 levels
• Very strong support for Nifty Bank at 51,650-51,850 levels
• Only one thing to be cautious about: FII positions extremely high at 83 per cent 
• Profit-taking expected near life highs

ANIL SINGHVI MARKET STRATEGY   ​

For existing long positions:

• Nifty intraday stop loss at 23,800 and closing stop loss at 23,850

• Nifty Bank intraday stop loss at 51,950 and closing stop loss at 52,300

For existing short positions:

• Nifty intraday stop loss at 24,225 and closing stop loss at 24,050

• Nifty Bank intraday stop loss at 53,050 and closing stop loss at 52,900

For new positions in Nifty50: 

• The best range to buy Nifty is 23,800-23,900 with a stop loss at 23,650 for targets of 23,975, 24,000, 24,050, 24,085 and 24,175

• Aggressive traders can sell Nifty in the 24,075-24,175 range with a strict stop loss at 24,225 for targets of 24,025, 24,000, 23,900, 23,870 and 23,800   

For new positions in Nifty Bank: 

• The best range to buy Nifty Bank is 51,700-51,925 with a stop loss at 51,600 for targets of 52,000, 52,225, 52,350, 52,475, 52,600 and 52,725

• Aggressive traders can sell Nifty Bank in the 52,600-52,800 range with a strict stop loss at 53,000 for targets of 52,375, 52,250, 52,025, 51,925, 51,850 and 51,775

Stocks in F&O ban

• New in ban: India Cements, Indus Towers
• Out of ban: None
• Already in ban: None

World Cup stocks

Buy Samvardhana Motherson shares for targets of Rs 240, Rs 300 and Rs 400

• A true Indian MNC auto ancillary company
• Strong global presence through acquisitions
• Experienced promoters
• Investment in subsidiaries now paying off
• Revenue from EV segment could be big trigger
• Trading at attractive valuations

Buy REC shares for targets of Rs 600, Rs 750 and Rs 900

• Strong power demand
• Demand will increase manyfold for Industrial and consumer purpose
• Attractive dividend yield
• Trading at cheap valuations

Buy PFC shares for targets of Rs 600, Rs 750 and Rs 900

• Strong power demand
• Demand will increase manyfold for Industrial and consumer purpose
• Attractive dividend yield
• Trading at cheap valuations

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