Anil Singhvi Market Strategy July 19: 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 24,600-24,660 levels and a strong buy zone at 24,500-24,575 levels on Friday, July 19. 

For the Nifty Bank, he expects support to come in at 52,175-52,325 levels followed by a stronger support zone at 51,850-52,000 levels.

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

• Global: Negative

• FII: Positive

• DII: Negative

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

• FII long positions unchanged at 81 per cent as the previous day

• Nifty put-call ratio (PCR) at 1.40 vs 1.25

• Nifty Bank PCR at 1.06 vs 0.94

• India VIX up two per cent at 14.51

He expects a "blue-sky zone" for the headline index above 24,850 and a profit-booking zone on long positions in the 24,900-25,000 range. 

For the banking index, he expects a higher zone at 52,775-52,875 levels and a strong sell zone at 52,975-53,100 levels.

ANIL SINGHVI MARKET STRATEGY   

For existing long positions:

• Nifty intraday and closing stop loss at 24,475
   
• Nifty Bank intraday and closing stop loss at 52,000

For existing short positions:

• Nifty intraday stop loss at 25,000 and closing stop loss at 24,850

• Nifty Bank intraday and closing stop loss at 53,000

For new positions in Nifty50: 

• The best range to buy Nifty is 24,600-24,665 with a stop loss at 24,500 for targets of 24,700, 24,775, 24,800 and 24,825

• Sell Nifty in case of a gap-up opening with a strict stop loss at 25,000 for targets of 24,700, 24,665, 24,635, 24,600, 24,525 and 24,500

For new positions in Nifty Bank: 

• Aggressive traders can buy Nifty Bank in the 52,000-52,175 range with a strict stop loss at 51,950 for targets of 52,250, 52,325, 52,400, 52,475, 52,625, 52,675 and 52,775

• Aggressive traders can sell Nifty Bank in the 52,775-52,975 range with a strict stop loss at 53,100 for targets of 52,675, 52,625, 52,525, 52,450, 52,325, 52,250 and 52,175

Stocks in F&O ban

• New in ban: India Cements, HAL, SAIL, Bandhan Bank   
• Out of ban: Chambal Fertilisers
• Already in ban: Vedanta, Balrampur Chini, Piramal Enterprises, Hindustan Copper, GMR Airports, RBL Bank, GNFC

Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit Zeebiz.com.