Anil Singhvi’s Strategy July 15: Market Trend is Neutral; Sell DHFL Cash with Stop Loss 70
On positive DIIs, neutral global market and F&O and negative FII cues, the short-term trend of the Indian markets will be neutral, says Zee Business Managing Editor Anil Singhvi.
Amid positive domestic institutional investors (DIIs), neutral global market and futures and options (F&O) and negative foreign institutional investors (FII) cues, the short-term trend of the domestic Indian markets will be neutral on Monday, July 15, 2019, while sentiment is cautious.
The domestic equity benchmarks, Sensex and Nifty, earlier on Friday, July 12, 2019, ended with losses after a highly volatile session. Benchmarks Domestic indices logged losses even as cues from global markets were positive. Sensex at Bombay Stock Exchange lost 86.88 points or 0.22 per cent to trade at 38,736.23. Nifty at National Stock Exchange also fell 30.40 points or 0.26 per cent to trade at 11,552.50. Similarly, Bank Nifty fell 115.15 points or 0.37 per cent to close at 30,601.45.
See Anil Singhvi's tweet below:
— Zee Business (@ZeeBusiness) July 15, 2019
Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 15:
11,550 and 30,550 are going to be the deciding levels on Nifty and Bank Nifty, respectively.
The small and medium day range for trading on Nifty lies between the mark of 11,500-11,600 and 11,460-11,640.
The small and medium day range for trading on Bank Nifty lies between the mark of 30,450-30,725 and 30,350-30,850.
For Existing Long Positions:
Nifty intraday and closing stop loss 11,500.
Bank Nifty intraday and closing stop loss 30,500.
For Existing Short Positions:
Nifty intraday stop loss 11,650 and closing stop loss 11,625.
Bank Nifty intraday and closing stop loss 30,750.
For New Positions:
Buy Nifty near 11,500 with a stop loss of 11,450 and target 11,580, 11,625.
Sell Nifty in 11,625-11,650 range with a stop loss of 11,700 and target 11,600.
Buy Bank Nifty in 30,425-30,525 range with a stop loss of 30,350 and target 30,600, 30,725, 30,850.
Sell Bank Nifty near 30,850-30,900 range with a stop loss of 31,050 and target 30,750, 30,600.
The put-call ratio (PCR) stands at 1.15 and the volatility index (VIX) is 12.00 very low.
4 Already in F&O Ban: Reliance Capital, DHFL, IDBI, Reliance Infrastructure.
Stock of the Day:
Buy Infosys Futures: Stop loss 727 and target 755, 765. Results better than expectation, Revenue guidance revised upwards.
Aaj Ka Hero:
Sell DHFL Cash: Stop loss 70 and target 65, 63. The company has posted Rs2,223 crore loss.
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