Anil Singhvi's Market Strategy July 5: Oil & Gas and NBFC are positive; Shriram Transport is the stock of the day

Domestic markets indices disregarded mixed Asian cues and ended with modest gains on July 4, 2018. The S&P BSE Sensex rose 266.80 points or 0.75 per cent to settle at 35,645.40. The Nifty 50 rose 70 points or 0.65 per cent to close at 10,769.90 and BankNifty went up by 229.85 points or 0.88 per cent to end at 26,433.95

However, positive domestic Institutional Investors (DIIs), future and options (F&O), traders sentiments and neutral global outlook and foreign institutional investors (FII) cues suggest that the short-term trend of the Indian market is going to be positive on July 5, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 5:  

10,700-10,825 is going to be a trading range on Nifty. 
26,400 is going to be the deciding level on BankNifty. 

Today, the Small trade range on BankNifty stands at 26,300-26,500 and the bigger range lies between 26,150-26,650. 

Anil Singhvi suggests traders to reduce their buying positions on Nifty and BankNifty if they close below the mark of 10,700 and 26,200 respectively. 

Buy and Sell Strategy on Nifty 

Buy Nifty with a stop loss of 10,700 and a target of 10,800-10,825
Sell Nifty in the range of 10,825-10,850 with a stop loss of 10,850 and a target of 10,800-10,775. 

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Buy and Sell Strategy on BankNifty 

Buy BankNifty with a stop loss of 26,300 and a target of 26,500-26,600. 
Sell BankNifty in the range of 26,550-26,600 with a stop loss of 26,500 and a target of 26,400. 

The put-call ratio (PCR) for July 4 stands at 1.53 and volatility index (VIX) is 12.66.

Positive: Oil & Gas, NBFC

No stocks in Ban
 
Stock of the day: Buy Shriram Transport