Anil Singhvi Market Strategy July 30: Important levels to track in Nifty50, Nifty Bank today
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session on Dalal Street. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,600-24,660 levels and a strong buy zone at 24,500-24,575 levels on Tuesday, July 30. For the Nifty Bank, he expects support to come in at 51,000-51,175 levels and a stronger support zone at 50,775-50,900 levels.
He expects a higher zone for the headline index at 24,900-24,975 levels and a "blue-sky zone" above the 25,025 mark. For the banking index, he expects a higher zone at 51,775-51,875 levels and a profit-booking zone at 51,975-52,175 levels.
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How Anil Singhvi sums up the market setup
Global: Negative
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive
FII long positions at 65 per cent vs 63 per cent the previous day
Nifty put-call ratio (PCR) at 1.14 vs 1.36
Nifty Bank PCR at 0.71 vs 0.87
India VIX up six per cent at 13
Anil Singhvi Market Strategy | For existing long positions
Nifty intraday and closing stop loss at 24,750
Nifty Bank intraday stop loss at 51,150 and closing stop loss at 50,875
Anil Singhvi Market Strategy | For existing short positions
Nifty intraday stop loss at 25,025 and closing stop loss at 24,850
Nifty Bank intraday stop loss at 52,000 and closing stop loss at 51,800
Anil Singhvi Market Strategy | For new positions in Nifty50
Sell Nifty with a stop loss at 25,025 for targets of 24,800, 24,775, 24,700, 246,60, 246,00, 24,525 and 24,500
Aggressive traders can buy Nifty in the 24,600-24,660 range with a stop loss at 24,500 for targets of 24,700, 24,775, 24,800, 24,835, 24,860, 24,900 and 24,975
Anil Singhvi Market Strategy | For new positions in Nifty Bank
For aggressive traders, the best range to sell Nifty Bank is 51,775-51,975 with a strict stop loss at 52,350 for targets of 51,400, 51,325, 51,175, 51,025, 50,900, 50,775 and 50,550
Aggressive traders can buy Nifty Bank in the 50,800-51,000 range with a strict stop loss at 50,700 for targets of 51,175, 51,300, 51,400, 51,775, 51,875 and 51,975
Stocks in F&O ban
New in ban: India Cements
Out of ban: None
Already in ban: None