Market Strategy Today (July 28): How to trade Nifty 50, Nifty Bank today? Key levels to track

7 hours ago 1

Anil Singhvi Market Strategy Today (July 28, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,700-24,800 levels and a strong buy zone at 24,550-24,675 levels on Monday, July 28. For the Nifty Bank, the market wizard expects support at 56,200-56,300 levels and a strong support zone at 55,825-56,000 levels.

How market guru Anil Singhvi sums up trade setup:

Global: Positive
FII: Negative
DII: Positive
F&O: Positive
Sentiment: Negative
Trend: Neutral
FII long positions at 14 per cent vs 15 per cent before Friday's session
Nifty put-call ratio (PCR) at 0.70 vs 0.80
Nifty Bank PCR at 0.75 vs 0.90
Volatility index India VIX up 5 per cent at 11.27

The market wizard expects a higher zone at 24,865-24,975 levels and a strong sell zone at 25,000-25,085 levels for the headline index.

For the banking index, he expects a higher zone at 56,700-56,850 levels and a strong sell zone at 56,925-57,075 levels.

Major data signals on Dalal Street

Nifty has broken out of its closing range of 24,950-25,250
On Friday, it fell 0.9 per cent--its biggest single-day drop since June 12; it closed below its 50-DMA (25,055)
Nifty is at a one-month low
Nifty has declined for four straight weeks
The last time Nifty fell for four back-to-back weeks was in October 2024
Nifty Bank closed 0.5 per cent higher last week after three weeks of weakness
The smallcap index closed lower for the seventh session in a row
Both midcap and smallcap indices are at one-month lows

What to make of FII & DII data?

FIIs’ index futures long positions are just at 14.29 per cent, a five-month low
DIIs have bought for 15 straight sessions--the longest streak since February
In July so far, DIIs sold only once (July 4)
DIIs bought Rs 17,392 crore in cash last week
FIIs sold Rs 13,552 crore in the cash segment last week--their highest weekly sell-off since April

Big global signals

S&P at a record closing high for the fifth straight day; Nasdaq for third
From this year’s lows, S&P is up 32 per cent; Nasdaq up 43 per cent
Dow is 170 points away from its previous high of 45,073 (December 4)
Gold and silver remain weak for the third consecutive week

Is Friday’s sell-off dangerous?

Nifty closed below some critical support levels
FII selling pressure intensified
Bajaj Finance’s post-result commentary hurt sentiment

Are FII outflows going to hurt the market more?

There is no sign of short-covering despite the fall
FII selling is the market’s biggest overhang

Is the market oversold in monthly expiry week?

FII index futures long positions have been consistently falling since the start of the monthly F&O series
Still, there hasn’t been any meaningful recovery
Two triggers for short-covering this week:
- Index long positions are extremely low at 14 per cent
- PCR has dropped to 0.70
A short-covering bounce is likely from lower levels--one should reduce long positions into that rise

Which levels are now hard to cross?

Former support levels will now act as strong resistance
For Nifty and Nifty Bank, tough levels to reclaim at 25,000-25,150 and 57,000-57,150 respectively
Next support for Nifty lies at 24,550-24,675
Nifty Bank will show further weakness below 56,200

Key winner and loser sectors

IT stocks may face pressure due to TCS layoff news
Weak results from CDSL could weigh on market infrastructure stocks
Some profit-taking likely in metal stocks
Kotak Bank’s earnings could hurt sentiment in Nifty Bank

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

For existing long positions:

Nifty intraday stop loss at 24,750 and closing stop loss at 24,800
Nifty Bank intraday and closing stop loss at 56,200

For existing short positions:

Nifty intraday and closing stop loss at 25,050
Nifty Bank intraday and closing stop loss at 57,075

For new positions in Nifty50:

The best range to sell Nifty is 24,925-25,025 with a stop loss at 25,150 for targets of 24,835, 24,800, 24,750, 24,700, 24,675 and 24,625
Aggressive traders can buy Nifty in the 24,625-24,750 range with a strict stop loss at 24,550 for targets of 24,800, 24,835, 24,865, 24,915, 24,975 and 25,000

For new positions in Nifty Bank:

The best range to sell Nifty Bank is 56,750-56,950 with a stop loss at 57,100 for targets of 56,600, 56,525, 56,450, 56,300, 56,200 and 56,000
Aggressive traders can buy Nifty Bank in the 56,200-56,300 range with a strict stop loss at 56,000 for targets 56,425, 56,500, 56,600, 56,675, 56,750, 56,850 and 56,950

Stocks in F&O ban

Out of ban: IEX
Already in ban: RBL Bank
New in ban: None

RESULTS REVIEWS

Kotak Mahindra Bank

Disappointing results
Decline in NIMs
Credit costs jumped
The only positive is that H2 will be better
Sell Kotak Bank futures for targets of Rs 2,100, Rs 2,080 and Rs 2,065 with a stop loss at Rs 2,150

IDFC First Bank

Extremely weak results on all parameters
A big increase in provisioning
Sell IDFC First Bank futures for targets of Rs 69, Rs 67 and Rs 66 with a stop loss at Rs 72.5

SAIL

Extremely weak results on all parameters
The stock has risen 14 per cent in 3 months

Some profit booking expected

Sell SAIL futures for targets of Rs 127 and Rs 125 with a stop loss at Rs 133

Poonawalla Fincorp

Strong all-round performance
Promoters investing Rs 1,500 crore at Rs 452.5/share

Buy Poonawalla Fincorp futures for targets of Rs 420 and Rs 427 with a stop loss at Rs 407

CDSL

Results much below expectations
The stock has already fallen before results
CDSL futures have support at Rs 1,540-1,550 levels and an expected higher zone at Rs 1,625-1,645

STOCKS OF THE DAY | Dr Reddy's Laurus Labs, Aadhar Housing

Buy Dr Reddy’s futures for targets of Rs 1,290 and Rs 1,304 with a stop loss at Rs 1,260