Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 19,385-19,435 levels and a strong buy zone at 19,300-19,350 levels on Monday, August 7. For the Nifty Bank, he expects support at 44,525-44,625 levels and a strong buy zone at 44,275-44,400 levels.

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

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

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Singhvi sees a higher zone in the Nifty coming in at 19,575-19,650 levels and a strong sell zone at 19,675-19,750 levels. For the banking index, he sees a higher zone at 45,075-45225 levels and a strong sell zone at 45,300-45,450 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi suggests trimming long positions if the Nifty and the Nifty Bank close below 19,300 and 44,200 respectively. He is of the view the indices face strong resistance at 19,650-19,750 and 45,500-45,700 levels respectively. 

  • FII index longs at 44 per cent vs 40 per cent the previous day
  • Nifty put-call ratio (PCR) at 1.04 vs 0.93
  • Nifty Bank PCR at 0.82 vs 0.71
  • Fear index India VIX down 5.5 per cent at 10.57

For existing long positions:

  • Nifty intraday and closing stop loss at 19,350
  • Nifty Bank intraday and closing stop loss at 44,500

For existing short positions:

  • Nifty intraday and closing stop loss at 19,650
  • Nifty Bank intraday and closing stop loss at 45,200

For new positions in Nifty:

  • The best range to buy Nifty is 19,385-19,435 with a stop loss at 19,350 for targets of 19,550, 19,600, 19,650, 19,675, 19,725 and 19,750
  • Sell Nifty in the 19,650-19,750 range with a stop loss at 19,800 for targets of 19,600, 19,550, 19,525, 19,500, 19,435 and 19,385

For new positions in Nifty Bank:

  • Buy Nifty Bank in the 44,400-44,525 range with a stop loss at 44,250 for targets of 44,625, 44,700, 44,825, 44,875 and 44,925
  • Aggressive traders can buy Nifty Bank with a strict stop loss at 44,500 for targets of 45,000, 45,075, 45,125, 45,175 and 45,300
  • Sell Nifty Bank in the 45,100-45,300 range with a stop loss at 45,500 for targets of 45,000, 44,925, 44,875, 44,825, 44,700, 44,625 and 44,525

Stocks in F&O ban:

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

Stocks of the day: 

Sell BHEL futures with a stop loss at Rs 101 for targets of Rs 96 and Rs 94

  • Weak results on all fronts
  • Big EBITDA loss at Rs 364 crore 

Sell Bank of Baroda futures with a stop loss at Rs 200 for targets of Rs 185 and Rs 180
Results below estimates
NIM lower at 3.27 per cent

Sell Balkrishna futures with a stop loss at Rs 2,512 for targets of Rs 2,400 and Rs 2,380

  • Very weak performance
  • Revenue, EBITDA, profit below estimates
  • Volumes down 19 per cent

Sell Cipla futures with a stop loss at Rs 1,225 for targets of Rs 1,175 and Rs 1,150

  • USFDA action on Indore plant
  • Don’t short in case of a big gap-down opening

Sell Britannia futures with a stop loss at Rs 4,830 for targets of Rs 4,750 and Rs 4,720

  • Weak volume growth
  • Company to cut prices due to increase in competition

Results review:

Balrampur Chini

  • Results strong on all parameters
  • High volumes in Sugar and distillery segment with high realisations

Yatharth Hospital listing preview:

  • Expected to list in the Rs 375-390 range against the issue price of Rs 300
  • Investors can hold with stop loss at Rs 350
  • Keep booking profit at higher levels and switch to better hospital stocks

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