Amid positive domestic institutional investors (DIIs), neutral futures and options (F&O) and negative global markets and foreign institutional investors (FII) cues, the short-term trend of the domestic Indian markets will be neutral on Wednesday, July 10, 2019, while sentiment is cautious.

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Earlier on Tuesday, July 9, 2019, Benchmark Domestic indices, Sensex and Nifty, closed almost flat after losing around three per cent in last two sessions amid a selloff in global equities. Sensex at Bombay Stock Exchange gained 10.25 points (0.03%) to end at 38,730.82 while Nifty at National Stock Exchange slipped 2.70 points (0.02%) to settle at 11,555.90. Bank Nifty lost 34.70 points (0.11%) and closed at 30,569.15. 

See Anil Singhvi's Tweet below:

Indian Oil Corporation (up 5.73%), Bajaj Finance (up 5.59%) and Sun Pharma (up 5.51%) were the top gainers of the day while Titan, which slipped by 12.25%, was the biggest loser. The other major losers include UPL, TCS and GAIL. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 10: 
Nifty has given a breakdown signal below 11,625. Trend Negative if Bank Nifty trades below 30,200. 
The next important support range on the two indices, Nifty and Bank Nifty, resides at 11,350-11,400 and 30,200-30,300 respectively. 
The small day range for trading on Nifty stands at 11,500-11,625 while the medium and bigger ranges lie between 11,450-11,650 and 11,350-11,725 respectively.
The small day range for trading on Bank Nifty stands at 30,500-30,700 while the medium and bigger ranges lie between 30,350-30,850 and 30,200-31,000 respectively. 
Put-Call Ratio (PCR) 0.91 oversold and the volatility index (VIX) 13.69 very low. 

For Existing Long Positions:
Nifty intraday stop loss 11,450 and closing stop loss 11,550.
Bank Nifty intraday stop loss 30,350 and closing stop loss 30,500. 

For Existing Short Positions:
Nifty intraday and closing stop loss 11,625. 
Bank Nifty intraday and closing stop loss 30,700. 

For New Positions:
Buy Nifty near 11,450 with a stop loss of 11,425 and target 11,500, 11,550, 11,575. 
Sell Nifty with a stop loss of 11,625 and target 11,525, 11,500, 11,450. 
Buy Bank Nifty near 30,350 with a stop loss of 30,200 and target 30,450, 30,550, 30,650.
Sell Bank Nifty in 30,600-30,700 range with a stop loss of 30,800 and target 30,500, 30,350, 30,250.

In F&O Ban: Reliance Capital, DHFL. 

Result Analysis:
Sell TCS Futures: Stop loss 2140 and target 2080, 2060, 2040. Weak results. 

Stock of the Day:
Sell Hexaware Futures: Stop loss 360 and target 345, 340. Weak results expected. 
Sell Indigo Futures: Stop loss 1600 and target 1525, 1500, 1460. Corporate Governance issues raised by the promoter. 

Aaj Ka Hero:
Sell Reliance Infrastructure Futures: Stop loss 49.50 and target 43, 41.