Anil Singhvi strategy July 5: 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 5 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 19,175-19,225 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,250-19,300 levels and a strong buy zone at 19,175-19,225 levels on Wednesday, July 5. For the Nifty Bank, he expects support at 45,000-45,150 levels and a strong buy zone at 44,750-44,900 levels.

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

Global: Neutral
FII: Positive

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

The market wizard expects a higher zone in the Nifty at 19,435-19,500 levels and a "blue sky zone" above the 19,500 mark. For the banking index, he sees a higher zone in the 45,500-45,650 band and a blue sky zone above 45,650.

FII index longs on a higher side, at 72 per cent vs 70 per cent the previous day
Nifty put-call ratio (PCR) at 1.47 vs 1.48
Nifty Bank PCR at 1.38 vs 1.40
Fear index India VIX up 1.5 per cent at 11.70

ANIL SINGHVI MARKET STRATEGY

ALSO READ: How market wizard Anil Singhvi views the ongoing July F&O series

For existing long positions:

Nifty intraday and closing stop loss at 19,175
Nifty Bank intraday stop loss at 45,000 and closing stop loss at 44,750

For existing short positions:

Nifty intraday and closing stop loss at 19,450
Nifty Bank intraday and closing stop loss at 45,700

For new positions in Nifty:

Buy Nifty in the 19,235-19,300 range with a stop loss at 19,175 for targets of 19,340, 19,390, 19,425 and 19,475
Aggressive traders can sell Nifty in the 19,435-19,500 range with a strict stop loss at 19,550 for targets of 19,400, 19,350, 19,325, 19,300, 19,235 and 19,200

For new positions in Nifty Bank:

Buy Nifty Bank in the 44,750-44,900 range with a stop loss at 44,700 for targets of 45,000, 45,150, 45,300 and 45,350
Aggressive traders can buy Nifty Bank in the 45,000-45,150 range with a strict stop loss at 44,850 for targets of 45,300, 45,350, 45,500 and 45,650
Aggressive traders can sell Nifty Bank in the 45,500-45,650 range with a strict stop loss at 45,700 for targets of 45,350, 45,300, 45,150, 45,000, 44,900 and 44,800

F&O ban update: