Anil Singhvi strategy June 19: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for the June 19 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 18,600-18,660 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,690-18,775 levels and a strong buy zone at 18,600-18,660 levels on Monday, June 19. For the Nifty Bank, the market wizard sees support at 43,675-43,825 levels and a strong buy zone at 43,400-43,525 levels.

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

Global: Negative
FII: Positive

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

For the 50-scrip headline index, he expects a higher zone at 18,865-18,900 levels and a profit-booking zone at 18,950-19,025 levels. For the banking index, he sees a higher zone at 44,075-44,175 levels and a strong sell zone at 44,275-44,425 levels.

FII index longs at 55 per cent vs 52 per cent the previous day
Nifty put-call ratio (PCR) for all contracts at 1.29 vs 1.13
Nifty Bank PCR for all contracts at 0.99 vs 0.66
Fear index India VIX down 2.17 per cent at 10.84

ANIL SINGHVI MARKET STRATEGY

For existing long positions:

Nifty intraday stop loss at 18,690 and closing stop loss at 18,600
Nifty Bank intraday and closing stop loss at 43,650

For existing short positions:

Nifty intraday and closing stop loss at 18,900
Nifty Bank intraday and closing stop loss at 4,4300

For new positions in Nifty:

Buy Nifty in the 18,690-18,775 range with a stop loss at 18,600 for targets of 18,800, 18,825, 18,860, 18,885, 18,925 and 18,975
Aggressive traders can sell Nifty in the 18,860-18,925 range with a strict stop loss at 19,025 for targets of 18,825, 18,800, 18,750, 18,725 and 18,690

For new positions in Nifty Bank:

Buy Nifty Bank in the 43,525-43,675 range with a stop loss at 43,375 for targets of 43,750, 43,800, 43,875, 43,925, 43,975, 44,025 and 44,075
Sell Nifty Bank in the 44,175-44,350 range with a stop loss at 44,500 for targets of 44,125, 44,075, 44,000, 43,950, 43,875 and 43,825

F&O ban update:

New in ban: None
Already in ban: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, L&T Finance Holdings, Manappuram, Tata Chemicals, ZEEL
Out of ban: BHEL

Stock of the day:

Buy Dr Reddy's futures with a stop loss at Rs 4900 for targets of Rs 4,955, Rs 4,970, Rs 4,995 and Rs 5,040