Amid positive global markets and sentiment, neutral domestic institutional investors (DIIs), foreign institutional investors (FII) and futures and options (F&O) cues, the short-term trend of the domestic Indian market will be positive on Wednesday, July 3, 2019.

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Earlier on Tuesday, July 2, 2019, the benchmark domestic indices closed with gains for the second session on a row. The Sensex at the Bombay Stock Exchange climbed 129.98 points or 0.33% to end at 39,816.48 while Nifty at National Stock Exchange also added 44.70 points or 0.38% to settle at 11,910.30. However, Bank Nifty lost 88.90 points or 0.28 per cent to close lower at 31,283.30. 

See Anil Singhvi's tweet below:

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 3:
11,900 and 31,300 are going to be the deciding levels on Nifty and Bank Nifty. 
The small and medium day range for trading on Nifty lies between 11,865-11,950 and 11,840-12,000. The bigger range stands at 11,815-12,050. 
The small and medium day range for trading on Bank Nifty lies between 31,150-31,400 and 31,100-31,500. The bigger range stands at 31,050-31,650. 

For Existing Long Positions:
Nifty intraday and closing stop loss 11,815. 
Bank Nifty intraday and closing stop loss 31,100.

For Existing Short Positions:
Nifty intraday and closing stop loss at 11,925.
Bank Nifty intraday and closing stop loss at 31,500.

For New Positions:
Buy Nifty with a stop loss of 11,815 and target 11,950,11,975, 12,000. 
Sell Nifty in 11,975-1,2000 range with a stop loss of 12,075 and target 11,925. 
Buy Bank Nifty in 31,150-31,250 range with a stop loss of 31,050 and target 31,375, 31,425, 31,475. 
Sell Bank Nifty near 31500 with a stop loss of 31,550 and target 31,375, 31,275. 

In F&O Ban: DHFL
The put-call ratio (PCR) stands at 1.46 and the volatility index (VIX) is 14.25.

Stock of the Day:
Buy IOC Futures: Stop loss 153 and target 158, 160. Rupee strong and crude fell, buying expected.