Anil Singhvi's Market Strategy for July 19: OMC positive; Buy JK Tyre with target Rs 128-130
The Benchmark S&P Sensex on Wednesday dropped down by 146.52 points (0.40%) to close at 36,373.44 while Nifty 50 also went down by 27.60 points (0.25%) at 10,980.45. Similarly, Nifty Bank was also down by 127.20 points (0.47%) to close at 26,880.90. This fall was led by selling in metal and automobile segment.
Anil Singhvi suggests traders to reduce their buying positions if Nifty and BankNifty closes below 10,925 and 26,650. Image source: Youtube