Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 19,385-19,425 levels and a strong buy zone at 19,300-19,350 levels on Thursday, August 3. For the Nifty Bank, he expects support at 44,625-44,725 levels and a strong buy zone at 44,325-44,450 levels.

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

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

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Singhvi sees a higher zone in the Nifty coming in at 19,565-19,600 levels and a strong sell zone at 19,650-19,725 levels. For the banking index, he sees a higher zone at 45,225-45,350 levels and a strong sell zone at 45,400-45,550 levels.

ANIL SINGHVI MARKET STRATEGY

One can expect volatility in the market ahead of the weekly expiry of derivatives at the end of the session. He suggests trimming down long positions if the Nifty and the Nifty Bank close below 19,500 and 44,600 respectively. 

  • FII index longs at 49 per cent vs 51 per cent the previous day
  • Nifty put-call ratio (PCR) at 0.75 vs 0.92
  • Nifty Bank PCR at 0.63 vs 0.84
  • Fear index India VIX up 10 per cent at 11.28

For existing long positions:

  • Nifty intraday stop loss at 19,400 and closing stop loss at 19,500
  • Nifty Bank intraday and closing stop loss at 44,600

For existing short positions:

  • Nifty intraday and closing stop loss at 19,750
  • Nifty Bank intraday and closing stop loss at 45,500

For new positions in Nifty:

  • Sell Nifty in the 19,600-19,675 range with a stop loss at 19,800 for targets of 19,565, 19,525, 19,500, 19,425, 19,385 and 19,350
  • Aggressive traders buy Nifty in the 19,350-19,425 range with a strict stop loss at 19,300 for targets of 19,500, 19,525, 19,565, 19,600, 19,650 and 19,675

For new positions in Nifty Bank:

  • Sell Nifty Bank in the 45,350-45,475 range with a stop loss at 45,700 for targets of 45,250, 45,125, 45,000, 44,925, 44,825, 44,725 and 44,600
  • Aggressive traders can buy Nifty Bank in the 44,625-44,725 range with a strict stop loss at 44,450 for targets of 44,825, 44,925, 45,000, 45,075, 45,125, 45,225 and 45,350

Stocks in F&O ban:

  • New in ban: GNFC
  • Already in ban: Hindustan Copper, Piramal Enterprises, Indiabulls Housing Finance
  • Out of ban: None

Stocks of the day: 

Sell Gujarat Gas futures with a stop loss at Rs 479 for targets of Rs 461, Rs 458 and Rs 451

  • Weak operational performance
  • A miss on the revenue front due to lower selling price
  • Company to invest Rs 100 crore in GSPC LNG for 8 per cent is negative

Sell Metropolis shares with a stop loss at Rs 1,400 for targets of Rs 1,350, Rs 1,340 and Rs 1,326

  • Results below expectations
  • Profit down 19 per cent

Results review:

Titan futures

  • Weak performance on all parameters
  • Management outlook very strong
  • Investors must buy on a gap-down opening
  • Support at Rs 2,950; a higher range at Rs 3,040-3,090

Interglobe Aviation futures 

  • Extraordinary performance on all parameters
  • Results seem the company's best 
  • Don’t buy but book profit on a gap-up opening

HPCL futures

  • Best performance so far
  • Futures not that promising
  • Support at Rs 275; higher levels at Rs 286-290

Mankind Pharma

  • Strong results on all parameters

SBFC Finance IPO preview:

  • Apply for big listing gains

Positives

  • Experienced promoters
  • MSME-focused business model
  • Impressive financial track record
  • Strong anchor book
  • Valuations reasonable

Negatives

  • NIMs on a declining trend
  • NPA levels higher than industry

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