Market Strategy Today (July 18): How to trade Nifty 50, Nifty Bank today? Key levels to track

4 hours ago 1

Anil Singhvi Market Strategy Today (July 18, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,865-25,000 levels and a strong buy zone at 24,700-24,825 levels on Friday, July 18. For the Nifty Bank, the market wizard expects support at 56,425-56,600 levels and a stronger support zone at 56,150-56,325 levels.

How market guru Anil Singhvi sums up trade setup:

Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive
FII long positions at 17 per cent vs 18 per cent before Thursday's session
Nifty put-call ratio (PCR) at 0.78 vs 0.92
Nifty Bank PCR at 0.85 vs 0.92
Volatility index India VIX unchanged at 11.24

The market wizard expects a higher zone at 25,150-25,250 levels and a strong sell zone at 25,325-25,425 levels for the headline index.

For the banking index, he expects a higher zone at 57,000-57,150 levels and a strong sell zone at 57,200-57,375 levels.

Dow Jones & More | What happened on Wall Street on July 17?

S&P 500 and Nasdaq Composite hit lifetime highs
Dow ended 229.7 pts higher at 44,484.5, S&P 500 gained 33.7 pts to 6,297.4, Nasdaq Composite surged 155.2 pts to settle at 20,885.7
US Retail sales rose 0.6 per cent, beating 0.1 per cent estimate
Core retail sales increased 0.5 per cent vs estimated 0.3 per cent
US jobless claims at 2.21 lakh vs estimated 2.33 lakh

US rally set to boost Dalal Street?

The strong US rally was driven by robust economic data
New lifetime highs are surprising given US President Donald Trump’s tariff moves
Inflation and business uncertainties haven’t had much impact on the US market so far
Wall Street is performing exceptionally well
A fourth straight day of record highs for Nasdaq

What's causing FII outflows?

There is no major reason for such heavy FII selling
Valuations are not very expensive
FIIs are perhaps not expecting strong earnings
They may change their stance once more results are out and once a trade deal is out of the way
DIIs have been purchasing for eight days in a row
However, DII inflows are modest

Can Nifty Bank hold the 56,600 mark?

Axis Bank results are quite weak
SBI's QIP has received 4x subscription
HDFC Bank and ICICI Bank will announce results on Saturday
Axis Bank will likely fall, but HDFC Bank and ICICI Bank may provide support

Can Nifty50 and Nifty Bank escape their current ranges on July 18?

Although IT is strong, banks look weak
There is an apparent tug of war between the two main sectors
In such a situation, Reliance's move, before its results due today, can be decisive
One can expect fresh weakness to emerge only if Nifty breaks below the 25,000 mark and Nifty Bank gives up 56,500
Strength will be confirmed if Nifty crosses 25,275 and Nifty Bank moves past 57,300

Should you buy or sell in case of a dull start to the day?

One should wait for the index to reach either end of the range
Participants can buy near key support levels but only for small gains
Sustaining higher levels is tough unless FII outflows decrease
One should definitely sell near the upper end of the range

ANIL SINGHVI MARKET STRATEGY | How to trade Nifty Bank and Nifty50?

For existing long positions:

Nifty intraday and closing stop loss at 24,975
Nifty Bank intraday and closing stop loss at 56,600

For existing short positions:

Nifty intraday and closing stop loss at 25,275
Nifty Bank intraday and closing stop loss at 57,300

For new positions in Nifty50:

The best range to sell Nifty is 25,150-25,250 with a stop loss at 25,300 for targets of 25,100, 25,000, 24,950, 24,900, 24,865 and 24,825
Aggressive traders can buy Nifty in the 24,865-25,000 range with a strict stop loss at 24,800 for targets of 25,075, 25,100, 25,125, 25,150, 25,200 and 25,240

For new positions in Nifty Bank:

Aggressive traders sell Nifty Bank in the 57,000-57,200 range with a strict stop loss at 57,350 for targets of 56,925, 56,850, 56,775, 56,700, 56,600 and 56,550
Aggressive traders can buy Nifty Bank near the 56,600 mark with a strict stop loss at 56,475 for targets of 56,700, 56,775, 56,825, 56,900, 56,975 and 57,150

Stocks in F&O ban

New in ban: RBL Bank
Already in ban: Angel One, Hindustan Copper
Out of ban: None

RESULTS REVIEWS

Axis Bank

Results are extremely weak
Analyst call was not inspiring
Credit costs are up
This stock could be Friday's main accident
It may fall 5-10 per cent
Sell Axis Bank futures for targets of Rs 1,120, Rs 1,105 and Rs 1,090 with a stop loss at Rs 1,177

Wipro

Results are extraordinarily good
The company's TCV deal growth is great
Its guidance is strong and positive
Buy Wipro futures for targets of Rs 270, Rs 275 and Rs 281 with a stop loss at Rs 253

LTIMindtree

Results are strong
The company has clinched the best growth among its peers
Its EBIT margin is strong
Buy LTIMindtree futures for targets of Rs 5,280, Rs 5,360 and Rs 5,440 with a stop loss at Rs 5,125

Jio Financial Services

The company's Q1 performance is good and steady
The stock has rallied 29 per cent in three months
The stock has support at Rs 310 and an expected higher level at Rs 328

Tata Communications

Results are below expectations
The company's operational performance is very weak
Sell Tata Communications futures for targets of Rs 1,710 and Rs 1,695 with a stop loss at Rs 1,750

360 One Wam

The company's Q1 numbers are not great; internals look quite weak
ARR and AUM are weak too
The stock has risen 26 per cent in three months
One can expect some profit booking now
Sell 360 One Wam futures for targets of Rs 1,192, Rs 1,180 and Rs 1,165 with a stop loss at Rs 1,230

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