Anil Singhvi strategy July 10: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the July 10 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees a strong buy zone for Nifty emerging at 18,975-19,025 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,200-19,235 levels and a strong buy zone at 18,975-19,025 levels on Monday, July 10. For the Nifty Bank, he expects support at 44,750-44,850 levels and a strong buy zone at 44,400-44,525 levels.

Here's how Anil Singhvi sums up the market setup:

Global: Negative
FII: Negative

TRENDING NOW
DII: Negative
F&O: Positive
Sentiment: Neutral
Trend: Positive

The market wizard expects higher levels in the Nifty at 19,375-19,425 and a strong sell area at 19,475-19,525 levels. For the banking index, he sees a higher zone in the 45,075-45,225 band and a profit-booking zone at 45,300-45,425 levels.

FII index longs on a higher side, at 70 per cent vs 73 per cent the previous day
Nifty put-call ratio (PCR) lighter at 0.89 vs 1.48
Nifty Bank PCR lighter at 0.75 vs 1.12
Fear index India VIX down three per cent at 11.53

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty intraday and closing stop loss at 19,275
Nifty Bank intraday and closing stop loss at 44,750

For existing short positions:

Nifty intraday and closing stop loss at 19,550
Nifty Bank intraday stop loss at 45,225 and closing stop loss at 45,350

For new positions in Nifty:

Aggressive traders can sell Nifty in the 19,390-19,500 range with a strict stop loss at 19,550 for targets of 19,350, 19,325, 19,300, 19,235 and 19,200
Aggressive traders can buy Nifty in the 19,200-19,235 range with a strict stop loss at 19,150 for targets of 19,300, 19,325, 19,375, 19,400 and 19,425

For new positions in Nifty Bank:

Aggressive traders can sell Nifty Bank in the 45,225-45,400 range with a strict stop loss at 45,500 for targets of 45,150, 45,075, 45,000, 44,925, 44,850, 44,800 and 44,750
Buy Nifty Bank in the 44,400-44,525 range with a stop loss at 44,300 for targets of 44,750, 44,800, 44,850, 44,925 and 45,000
Aggressive traders can buy Nifty Bank with a strict stop loss at 44,700 for targets of 45,000, 45,075, 45,125, 45,175, 45,225, 45,300, 45,350 and 45,400

F&O ban update: