Anil Singhvi strategy July 31: 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 19,565-19,600 levels and a strong buy zone at 19,435-19,500 levels on Monday, July 31. For the Nifty Bank, he expects support at 45,175-45,300 levels and a strong buy zone at 45,000-45,125 levels.

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

• Global: Positive

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Neutral

• Trend: Positive

Singhvi sees a higher zone in the Nifty coming in at 19,700-19,750 levels and a profit-booking zone at 19,775-19,835 levels. For the banking index, he sees a higher zone at 45,675-45,800 levels and a profit-booking zone at 45,850-45,925 levels.

ANIL SINGHVI MARKET STRATEGY

31st July Strategy: आज की स्ट्रैटेजी #FirstTrade #MarketStrategy #TradingTips #Nifty #BankNifty

Zee Business LIVE- https://t.co/YOLklX1B9x pic.twitter.com/inQikITT8y

— CA Anil Singhvi Zee Business (@AnilSinghvi_) July 31, 2023

• FII index longs at 54 per cent vs 59 per cent the previous day

• Nifty put-call ratio (PCR) at 0.82 vs 0.90

• Nifty Bank PCR at 0.74 vs 0.70

• Fear index India VIX down 3.5 per cent at 10.14

For existing long positions:

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

• Nifty Bank intraday stop loss at 45,200 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 46,000

For new positions in Nifty:

• Buy Nifty with a stop loss at 19,500 for targets of 19,700, 19,750, 19,775, 19,815, 19,835 and 19,875

• Best range to buy: 19,565-19,600 

• Sell Nifty in the 19,750-19,850 range with a stop loss at 19,900 for targets of 19,700, 19,675, 19,650, 19,600 and 19,565

For new positions in Nifty Bank:

• Buy Bank Nifty in the 45,075-45,225 range with a stop loss at 45,000 for targets of 45,300, 45,400, 45,450, 45,550, 45,625 and 45,675

• Aggressive traders can buy Nifty Bank with a strict stop loss at 45,200 for targets of 45,550, 45,625, 45,675, 45,725, 45,800, 45,850 and 45,925

• 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, 45,475, 45,415, 45,300 and 45,225

Stocks in F&O ban:

• New in ban: Indiabulls Housing Finance

• Out of ban: None

• Already in ban: None

Stocks of the day: 

Buy Siemens futures with a stop loss at Rs 3,850 for targets of Rs 3,900, Rs 3,920 and Rs 3,945

• Shareholders voted against the sale of the company's low voltage and geared motors business to parent 
• Jefferies target Rs 4,520

Buy GAIL futures with a stop loss at Rs 117 for targets of Rs 121, Rs 122 and Rs 124

• Results today
• Double upgrade by UBS, target price raised from Rs 80 to Rs 150

Results review:

NTPC:

• Strong profit growth on lower fuel cost
• Margin improved to 29 per cent
• Stock has already run up sharply to 52-week high
• Support at Rs 200; higher level at Rs 217

IDFC First Bank:

• Strong performance on all parameters
• Stock has already run up before results
• Support at Rs 82; higher level at Rs 87

Marico:

• Strong operational performance
• Beat on margins and volume growth fronts
• Positive management commentary

MCX:

• Weak performance on all parameters
• Surprise to see stock never falls; is something happening?
• Support at Rs 1,640; higher level at Rs 1,705

Piramal Enterprises:

• Weak results
• Buyback to support at lower levels
• Promoters not tendering shares in buyback
• Management outlook positive

UBL:

• Weak operational performance
• Whole-year outlook not promising

SBI Card:

• Very weak performance
• Management fails to deliver
• Asset quality concerns
• Support near Rs 838; higher levels near Rs 875

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