Amid neutral global markets, future & options (F&O), negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs) and sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, August 3, 2021.  

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The equity stock markets on Monday, August 2, 2021, gained more than half a per cent amid positive global cues. The BSE Sensex climbed 363.79 points, or 0.69 per cent, to close at 52,950.63. The NSE Nifty 50 also surged 122.10 points, or 0.77 per cent, to settle at 15,885.15. The Bank Nifty index closed 125.65 points or 0.36 per cent higher at 34,710. 

The BSE Sensex climbed 363.79 points, or 0.69 per cent, to close at 52,950.63. The NSE Nifty 50 also surged 122.10 points, or 0.77 per cent, to settle at 15,885.15.   

 

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for August 3:

Day support zone on Nifty is 15,800-15,835, below that 15,725-15,775 is a strong Buy zone.

Day higher zone on Nifty is 15,890-15,925, above that 15,950-16,000 is a strong Sell zone.

 

Day support zone on Bank Nifty is 34,500-34,575, below that 34,350-34,450 is a strong Buy zone.

Day higher zone on Bank Nifty is 34,800-34,950, above that 35,075-35,175 is a strong Sell zone.

 

The small day range for trading on Nifty is 15,835-15,900, while the medium and bigger day ranges are 15,800-15,925 and 15,750-15,950, respectively.

The small day range for trading on Bank Nifty is 34,550-34,850, while the medium and bigger day ranges 34,450-34,950 and 34,350-35,075, respectively. 

 

FIIs Index long at 61% Vs 62%.

PCR at 1.25 Vs 1.09.

India VIX is unchanged at 12.81.

 

For Existing Long Positions:

Nifty Intraday stop loss is 15,800 and Closing stop loss is 15,700.

Bank Nifty Intraday stop loss is 34,575 and Closing stop loss is 34,400.

 

For Existing Short Positions:

Nifty Intraday stop loss is 16,000 and Closing stop loss is 15,925.

Bank Nifty Intraday and Closing stop loss are 35,000.

 

For New Positions:

Buy Nifty in 15,775-15,835 range with a stop loss of 15,700 and target 15,880, 15,900, 15,920, 15,950.

Sell Nifty in 15890-15950 range with a stop loss of 16,000 and target 15,860, 15,835, 15,815, 15,775, 15,750.

 

For New Positions:

Buy Bank Nifty in 34,450-34,600 range with a stop loss of 34,350 and target 34,700, 34,775, 34,900, 34,950, 35,000, 35,075.

Sell Bank Nifty in 34,875-35,075 range with a stop loss of 35,200 and target 34,800, 34,700, 34,600, 34,550, 34,450.

 

F&O Ban Update: 

Already In Ban: Sun TV

Out Of Ban: Nil

New In Ban: Nil