Anil Singhvis Market Strategy July 3: Buy Nifty and BankNifty with SL of 10,600 & 26,050
The benchmark BSE Sensex fell by 159.07 (-0.45%) to close at 35,264.41 on July 2, 2018, following selling pressure on select counters amid sustained capital outflows by foreign funds. Similarly, the Nifty 50 also fell 57 points (-0.53%) to 10,657.30 and NiftyBank which traded down by 133.90 points (-0.51%) also closed in red to close at 26,230.30.
The benchmark BSE Sensex fell by 159.07 (-0.45%) to close at 35,264.41 on July 2, 2018, following selling pressure on select counters amid sustained capital outflows by foreign funds. Similarly, the Nifty 50 also fell 57 points (-0.53%) to 10,657.30 and NiftyBank which traded down by 133.90 points (-0.51%) also closed in red to close at 26,230.30.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 3:
10,700 will be the crucial level on Nifty.
Nifty will be strengthened after crossing the mark of 10,700.
Upsides will be visible on Nifty if it trades above 10,700.
10,600-10,725 is going to be the trading range on Nifty.
There are fewer chances that Nifty will trade below the mark of 10,600.
26,300 will be the crucial level on BankNifty.
Upsides will be visible on BankNifty if it trades above 26,300.
26,050-26,450 will be the trading range on BankNifty.
Buy Nifty Strategy
Buy Nifty with a stop loss (SL) of 10,600 and a target of 10,700-10,725.
Short Nifty between 10,725-10,750 with a stop loss of 10,775.
Watch this Zee Business video here:
Buy BankNifty
Buy BankNifty with a stop loss of 26,050 and a target of 26,350-26,450.
Short BankNifty above 26,450 with a stop loss of 26,500.
Volatility will be seen in the limited range in the market.
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