te Anil Singhvi Market Strategy LIVE | Where to buy, where to book profit in Nifty, Nifty Bank, stocks of the day

Anil Singhvi strategy July 31: 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 31 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Anil Singhvi strategy July 31: Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees a strong buy zone for Nifty emerging at 19,435-19,500 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 19,565-19,600 levels and a strong buy zone at 19,435-19,500 levels on Monday, July 31. For the Nifty Bank, he expects support at 45,175-45,300 levels and a strong buy zone at 45,000-45,125 levels.

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

  • Global: Positive

  • FII: Negative

    TRENDING NOW

  • DII: Positive

  • F&O: Neutral

  • Sentiment: Neutral

  • Trend: Positive

Singhvi sees a higher zone in the Nifty coming in at 19,700-19,750 levels and a profit-booking zone at 19,775-19,835 levels. For the banking index, he sees a higher zone at 45,675-45,800 levels and a profit-booking zone at 45,850-45,925 levels.

ANIL SINGHVI MARKET STRATEGY

  • FII index longs at 54 per cent vs 59 per cent the previous day

  • Nifty put-call ratio (PCR) at 0.82 vs 0.90

  • Nifty Bank PCR at 0.74 vs 0.70

  • Fear index India VIX down 3.5 per cent at 10.14

For existing long positions:

  • Nifty intraday stop loss at 19,500 and closing stop loss at 19,550

  • Nifty Bank intraday stop loss at 45,200 and closing stop loss at 45,400

For existing short positions:

  • Nifty intraday and closing stop loss at 19,850

  • Nifty Bank intraday and closing stop loss at 46,000

For new positions in Nifty:

  • Buy Nifty with a stop loss at 19,500 for targets of 19,700, 19,750, 19,775, 19,815, 19,835 and 19,875

  • Best range to buy: 19,565-19,600 

  • Sell Nifty in the 19,750-19,850 range with a stop loss at 19,900 for targets of 19,700, 19,675, 19,650, 19,600 and 19,565

For new positions in Nifty Bank:

  • Buy Bank Nifty in the 45,075-45,225 range with a stop loss at 45,000 for targets of 45,300, 45,400, 45,450, 45,550, 45,625 and 45,675

  • Aggressive traders can buy Nifty Bank with a strict stop loss at 45,200 for targets of 45,550, 45,625, 45,675, 45,725, 45,800, 45,850 and 45,925

  • Sell Nifty Bank in the 45,800-45,925 range with a stop loss at 46,100 for targets of 45,700, 45,625, 45,575, 45,475, 45,415, 45,300 and 45,225

Stocks in F&O ban:

  • New in ban: Indiabulls Housing Finance

  • Out of ban: None

  • Already in ban: None

Stocks of the day: 

Buy Siemens futures with a stop loss at Rs 3,850 for targets of Rs 3,900, Rs 3,920 and Rs 3,945

  • Shareholders voted against the sale of the company's low voltage and geared motors business to parent 
  • Jefferies target Rs 4,520

Buy GAIL futures with a stop loss at Rs 117 for targets of Rs 121, Rs 122 and Rs 124

  • Results today
  • Double upgrade by UBS, target price raised from Rs 80 to Rs 150

Results review:

NTPC:

  • Strong profit growth on lower fuel cost
  • Margin improved to 29 per cent
  • Stock has already run up sharply to 52-week high
  • Support at Rs 200; higher level at Rs 217

IDFC First Bank:

  • Strong performance on all parameters
  • Stock has already run up before results
  • Support at Rs 82; higher level at Rs 87

Marico:

  • Strong operational performance
  • Beat on margins and volume growth fronts
  • Positive management commentary

MCX:

  • Weak performance on all parameters
  • Surprise to see stock never falls; is something happening?
  • Support at Rs 1,640; higher level at Rs 1,705

Piramal Enterprises:

  • Weak results
  • Buyback to support at lower levels
  • Promoters not tendering shares in buyback
  • Management outlook positive

UBL:

  • Weak operational performance
  • Whole-year outlook not promising

SBI Card:

  • Very weak performance
  • Management fails to deliver
  • Asset quality concerns
  • Support near Rs 838; higher levels near Rs 875

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

Written By: ZeeBiz WebTeam
Updated: Mon, Jul 31, 2023
09:08 am
New Delhi, ZeeBiz WebDesk
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