Anil Singhvi strategy July 25: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 19,600-19,650 levels and a strong buy zone at 19,500-19,565 levels on Tuesday, July 25. For the Nifty Bank, he expects support at 45,700-45,850 levels and a strong buy zone at 45,450-45,650 levels.

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

• Global: Positive

• FII: Neutral

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

Singhvi sees a higher zone in the Nifty coming in at 19,725-19,775 levels and a profit-booking zone at 19,815-19,875 levels. For the banking index, he sees a higher zone at 46,175-46,250 levels and a profit-booking zone at 46,350-46,500 levels.

ANIL SINGHVI MARKET STRATEGY

25th July Strategy: आज की स्ट्रैटेजी #FirstTrade #MarketStrategy #TradingTips #Nifty #BankNifty

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— CA Anil Singhvi Zee Business (@AnilSinghvi_) July 25, 2023

Singhvi expects global markets to support the Indian market, amid decreasing pressure of foreign fund outflows and support coming in from domestic funds. One can expect volatile moves in the markets in the coming days owing to the outcome of the upcoming Fed review and the monthly derivative expiry on Dalal Street, he says. 

The focus will remain on corporate earnings, with Larsen & Toubro and Tata Motors among big corporates due to report their results on Tuesday, he points out. 

Singhvi expects consolidation in the Nifty in the 19,500-20,000 range, and sees support for the Nifty Bank coming in at 45,300-45,500 followed by a higher range at 46,300-46,500 levels. 

• FII index longs at 69 per cent vs 68 per cent the previous day
• Nifty put-call ratio (PCR) light, at 0.82 vs 0.91
• Nifty Bank PCR at 0.90 vs 1.07
• Fear index India VIX up 1.5 per cent at 11.65

For existing long positions:

• Nifty intraday and closing stop loss at 19,550

• Nifty Bank intraday stop loss at 45,800 and closing stop loss at 45,400

For existing short positions:

• Nifty intraday and closing stop loss at 19,850

• Nifty Bank intraday and closing stop loss at 46,200

For new positions in Nifty:

• Buy Nifty in the 19,500-19,565 range with a stop loss at 19,375 for targets of 19,600, 19,650, 19,675, 19,700, 19,750 and 19,780

• Aggressive traders can buy Nifty with a strict stop loss at 19,600 for targets of 19,725, 19,750, 19,780, 19,815, 19,835 and 19,875

• Sell Nifty in the 19,775-19,875 range with a stop loss at 20,000 for targets of 19,725, 19,700, 19,675, 19,650, 19,600 and 19,565

For new positions in Nifty Bank:

• Buy Nifty Bank in the 45,550-45,700 range with a stop loss at 45,400 for targets of 45,850, 45,925, 46,000, 46,075 and 46,175

• Aggressive traders can buy Nifty Bank with a strict stop loss at 45,800 for targets of 46,000, 46,075, 46,175, 46,250, 46,350 and 46,475

• Sell Nifty Bank in the 46,175-46,350 range with a stop loss at 46,500 for targets of 46,075, 45,925, 45,850, 45,700, 45,650 and 45,550

Stocks in F&O ban:

• New in ban: RBL Bank, Canara Bank
• Out of ban: Balrampur Chini, L&T Finance, Manappuram Finance
• Already in ban: PNB, Delta Corp, Indiabulls Housing Finance

Stock of the day: 

Sell SRF futures with a stop loss at Rs 2,200 for targets of Rs 2,105, Rs 2,060 and Rs 2,025

• Disaster results on all parameters
• Weak guidance by the management
• Inventory pressure to remain for the next six months
• Global environment weak, especially in China
• Conference call at 3 pm 

Results review:

Tata Steel

• In-line results
• Strong performance of the India business 
• Europe continues to report loss
• Net debt up five per cent at Rs 71,400 crore

Why did ITC shares fall?

• Demerger not clean
• Holding company discount to persist
• BAT can sell 17.5 per cent holding

25th July Strategy

क्यों गिरा ITC?

ITC में निवेशक क्या करें? 

#stockstowatch #AnilSinghvi #itcdemerger #ITC

Zee Business LIVE- https://t.co/3uKYOzbuzv pic.twitter.com/weUOkcyS59

— CA Anil Singhvi Zee Business (@AnilSinghvi_) July 25, 2023

ITC valuation

• Income Rs 2,689 crore, EBITDA Rs 852 crore
• Margin 31.7 per cent, 11,600 rooms
• Value per share: Rs 14-18

What next in ITC shares?

• Three big questions to be in focus on the July 27 conference call: 
  • Why does ITC need to hold 40 per cent in the demerged entity?
  • What will be the swap ratio?
  • What will BAT do?

What should ITC investors do?

• The big trigger is out in the open; the stock has digested the demerger news
• The stock will now reflect the market and the company's performance 
• Investors can hold from a long-term perspective

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