Driven by firm Asian cues and strengthening of the rupee, the benchmark Sensex rose by 276.86 points (0.78%) points to trade at 35,934.72 on Monday. The Nifty gained 80.25 points (0.74%) and it was trading at 10,852.90, while NiftyBank went up by 259.45 points (0.98%) to close at 26,753.30. 

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But positive global outlook, Future and Options (F&O) sentiments, strong domestic institutional investors (DIIs) and neutral foreign institutional investors (FII) cues suggests that the domestic market trend is going to be positive on July 10, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 10: 

10,800 and 26,600 are going to be the deciding level on Nifty and BankNifty respectively. 

Small trade range on Nifty stands at 10,800-10,900 and the bigger range lies between 10,750-10,950

In the case of BankNifty, the small trade range lies between 26,600-26,900 while the bigger range will be 26,500-27,000. 

Anil Singhvi suggests traders to reduce their buying positions on Nifty and BankNifty closes below the mark of 10,750 and 26,500 respectively. 

Buy and Sell strategy on Nifty 

Buy Nifty with a stop loss of 10,800 and a target of 10,900-10,925-10,950
Sell Nifty in the range of 10,925-10950 range with a stop loss of 11,000 and a target of 10,900-10,875. 

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Buy and Sell strategy on BankNifty 

Buy BankNifty with a stop loss of 26,600 with a target of 26,850-26,950.
Sell BankNifty in the range of 26,900-27,000 with a stop loss of 27,050 and a target of 26,800
The put-call ratio (PCR) for July 10 stands at 1.53 and the volatility index (VIX) is 12.39. 

Positive: Oil & Gas, IT, NBFC

In F&O Ban: IDBI

Stock of the Day: Buy HCL Tech