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. 

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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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