Market Strategy Today (July 8): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

7 hours ago 1

Anil Singhvi Market Strategy Today (July 8, 2025): Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,335-25,400 levels and a strong buy zone at 25,125-25,265 levels on Tuesday, July 8. For the Nifty Bank, the market wizard expects support at 56,625-56,775 levels and a stronger base at 56,425-56,550 levels.

How market guru Anil Singhvi sums up trade setup:

Global: Negative
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive
FII long positions at 28 per cent vs 29 per cent before Monday's session
Nifty put-call ratio (PCR) at 0.95 vs 0.93
Nifty Bank PCR at 1.00 vs 1.01
Volatility index India VIX up 2 per cent at 12.56

The market wizard expects a higher zone at 25,500-25,580 levels and a profit-booking zone at 25,600-25,670 levels for the headline index.

For the banking index, he expects a higher zone at 57,150-57,325 levels and a strong sell zone at 57,450-57,625 levels.

Donald Trump announces tariffs on 14 nations excluding India, says US 'very close' to a trade deal with India

India not on the list of 14 countries facing US tariffs
US President Donald Trump extends tariff deadline to August 1
Counter-tariffs announced on 14 countries including Japan, Bangladesh, Indonesia
From August 1, the US will impose 25-40 per cent tariffs on imports from these 14 countries

Tariff list

25 per cent: Japan, South Korea, Malaysia, Kazakhstan, Tunisia
30 per cent: South Africa, Bosnia
32 per cent: Indonesia
35 per cent: Bangladesh, Serbia
36 per cent: Cambodia, Thailand
40 per cent: Laos, Myanmar

Trump’s warning to BRICS

Trump warns of imposing an additional 10 per cent duty on BRICS nations if they adopt anti-US policies
Even supporting anti-US policies may attract a 10 per cent extra tariff

What happened on Wall Street on Monday?

US markets fell amid fears of an escalating tariff war
Dow futures are down nearly 350 points in two days
Crude oil surged close to $70 per barrel
Global markets are now eyeing July 9 as a key date

Dalal Street safe for now, but will it remain so?

Trump's tone suggests a high possibility of a deal with India
The key thing to watch out for is when and how a deal is sealed
For now, it spells a major relief for India

Will relief come from decreasing FII and DII outflows?

FII selling has paused in the cash segment after five days
Both FIIs and DIIs have turned buyers, but in small quantities
The market appears to be in wait-and-watch mode ahead of trade deal clarity and quarterly results

When will Nifty50 and Nifty Bank break out of their ranges?

A range breakout can be expected only after the trade deal and TCS earnings
Strong support: For Nifty, it is placed at 25,125-25,275, and for Nifty Bank at 56,050-56,250
For Nifty, one can expect a breakout above 25,700, and above 57,650 for Nifty Bank

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

For existing long positions:

Nifty intraday and closing stop loss at 25,300
Nifty Bank intraday and closing stop loss at 56,600

For existing short positions:

Nifty intraday and closing stop loss at 25,650
Nifty Bank intraday stop loss at 57,200 and closing stop loss at 57,500

For new positions in Nifty50:

The best range to buy Nifty is 25,335-25,400 with a stop loss at 25,225 for targets of 25,450, 25,500, 25,550, 25,580, 25,635 and 26,665
The best range to sell Nifty is 25,550-25,650 with a stop loss at 25,700 for targets of 25,500, 25,475, 25,450, 25,400, 25,375 and 25,335

For new positions in Nifty Bank:

Aggressive traders can buy Nifty Bank in the 56,625-56,850 range with a strict stop loss at 56,500 for targets of 56,950, 57,000, 57,075, 57,150, 57,200, 57,325 and 57,450
Aggressive traders can sell Nifty Bank in the 57,200-57,450 range with a strict stop loss at 57,650 for targets of 57,075, 57,000, 56,950, 56,850, 56,775 and 56,625