Anil Singhvi strategy July 28: 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 19,500-19,565 levels and a strong buy zone at 19,385-19,435 levels on Friday, July 28, the first session of the August derivative series. For the Nifty Bank, he expects support at 45,400-45,550 levels and a strong buy zone at 45,175-45,300 levels.

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

• Global: Positive

• FII: Positive

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Positive

Singhvi sees a higher zone in the Nifty at 19,725-19,775 levels and a strong sell zone at 19,815-19,875 levels. For the banking index, he sees a higher zone at 45,800-45,925 levels and a strong sell zone at 46,075-46,200 levels.

ANIL SINGHVI MARKET STRATEGY

28th July Strategy: आज की स्ट्रैटेजी#FirstTrade #MarketStrategy #TradingTips #Nifty #BankNifty

 Zee Business : https://t.co/XIVkO8bQAT pic.twitter.com/NY8zQIjBvo

— CA Anil Singhvi Zee Business (@AnilSinghvi_) July 28, 2023

• FII index longs at 59 per cent vs 67 per cent the previous day

• Nifty put-call ratio (PCR) at 0.90 vs 0.87

• Nifty Bank PCR at 0.70 vs 0.93

• Fear index India VIX up 0.5 per cent at 10.51

For existing long positions:

• Nifty intraday stop loss at 19,500 and closing stop loss at 19,550

• Nifty Bank intraday stop loss at 45,500 and closing stop loss at 45,400

For existing short positions:

• Nifty intraday and closing stop loss at 19,900

• Nifty Bank intraday and closing stop loss at 46,000

For new positions in Nifty:

• Sell Nifty with a stop loss at 19,900 for targets of 19,600, 19,565, 19,525, 19,500, 19,435 and 19,415

• Buy Nifty in the 19,500-19,565 range with a stop loss at 19,400 for targets of 19,600, 19,650, 19,675, 19,700, 19,750 and 19,775

For new positions in Nifty Bank:

• Sell Nifty Bank in the 45,800-45,925 range with a stop loss at 46,100 for targets of 45,700, 45,625, 45,575, 45,450, 45,400 and 45,300

• Aggressive traders can buy Nifty Bank in the 45,400-45,550 range with a strict stop loss at 45,275 for targets of 45,625, 45,700, 45,800, 45,850 and 45,925

What to expect in August F&O series

• Nifty, Nifty Bank strong for four back-to-back series, having added 2,400 pts, 5,400 pts respectively 

• Both have registered strong moves in four out of the last five series

• Nifty rollover increases to 84 per cent, open interest improves to 1.17 crore

• FII index long positions at 59 per cent

Strategy for first session of August series 

• Weak signals for the beginning of a new monthly series
• Dow halts 13-day winning run
• Significant selling by FIIs on monthly expiry day
• An important day to track index levels; closing levels below 19,550 for Nifty and 45,400 for Nifty Bank will be the first sign of weakness

Stocks in F&O ban:

• Out of ban: Sun TV, RBL Bank, Delta Corp

• New In ban: None

• Already In ban: None

Stock of the day: 

Buy BEL in the cash segment with a stop loss at Rs 125 for targets of Rs 129.75 and Rs 132.5

• Strong operational performance  
• Margin and profit above estimates
• Strong order book  

Results review:

India Hotels

• Results in-line with estimates
• Margin below estimate
• Stock priced to perfection
• Profit-booking expected

Intellect Design

• Results better than estimates
• Margin strong, at 23 per cent
• Some upside possible

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