18 hours ago
1
Anil Singhvi Market Strategy Today: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,600-24,675 levels and a stronger support zone at 24,400-24,550 levels on Friday, August 1. For the Nifty Bank, the market wizard expects support at 55,375-55,550 levels and a stronger support zone at 55,000-55,150 levels.
How market guru Anil Singhvi sums up trade setup:
-
Global: Negative
-
FII: Negative
-
DII: Positive
-
F&O: Neutral
-
Sentiment: Negative
-
Trend: Neutral
-
FII long positions at 10 per cent vs 14 per cent before Thursday's session
-
Nifty put-call ratio (PCR) at 1.04 vs 0.87
-
Nifty Bank PCR at 0.90 vs 0.68
-
Volatility index VIX up 3 per cent at 11.54
The market wizard expects a higher zone at 24,825-24,890 levels and a strong sell zone at 24,900-25,000 levels for the headline index.
For the banking index, he expects a higher zone at 56,150-56,300 levels and a strong sell zone at 56,400-56,575 levels.
ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?
For existing long positions:
-
Nifty intraday stop loss at 24,575 and closing stop loss at 24,675
-
Nifty Bank intraday and closing stop loss at 55,500
For existing short positions:
-
Nifty intraday and closing stop loss at 25,000
-
Nifty Bank intraday stop loss at 56,400 and closing stop loss at 56,525
For new positions in Nifty50:
-
The best range to sell Nifty is 24,825-24,950 with a stop loss at 25,050 for targets of 24,775, 24,680, 24,650, 24,600, 24,550 and 24,475
-
Aggressive traders can buy Nifty in the 24,475-24,600 range with a strict stop loss at 24,350 for targets of 24,635, 24,675, 24,765, 24,825, 24,850 and 24,900
For new positions in Nifty Bank:
-
The best range to sell Nifty Bank is 56,150-56,350 with a stop loss at 56,500 for targets of 56,000, 55,950, 55,850, 55,575, 55,475 and 55,375
-
Aggressive traders can buy Nifty Bank in the 55,375-55,575 range with a strict stop loss at 55,300 for targets of 55,850, 55,950, 56,000, 56,075, 56,150, 56,200 and 56,300
Stocks in F&O ban
-
Already in ban: None
-
Out of ban: None
-
New in ban: None
RESULTS REVIEWS
Eicher Motors
Results in line with estimates, slightly positive
Buy the stock in the cash segment at key support levels
Support at Rs 5385, Higher Level 5510
PB Fintech (Cash):
Results not weak as it seems
Must buy on dips near support levels
Support Level 1780, Strong above 1830
Aarti Ind:
Pathetic performance
but stock fell 6% yesterday, 12% in one month
Buy JSW Energy (Cash):
SL 510 Tgt 523, 528, 535
Strong all-round performance
Now start accumulation power stocks
Buy Swiggy on Dips:
SL 396 Tgt 409, 414, 420
Food delivery business is very strong
Strong momentum in Q-comm
Margins slightly lower because of higher salary
Signals of easing in competition
Stock Of The Day @ 8 AM:
Sell PNB Housing (Cash):
SL 996 Tgt 970, 960, 950
MD & CEO Girish Kousgi resigned
English (US) ·