Anil Singhvi’s Strategy July 27: Day support zone on Nifty is 15,750-15,800 & Bank Nifty is 34,550-34,675
Domestic equity barometers ended near the day's low after a volatile session on Monday, July 26, 2021.
Amid positive global markets, domestic institutional investors (DIIs), future & options (F&O), sentiment and negative foreign institutional investors (FIIs) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, July 27, 2021.
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Domestic equity barometers ended near the day's low after a volatile session on Monday, July 26, 2021. The S&P BSE Sensex fell 123.53 points or 0.23 per cent to 52,852.27. The Nifty 50 index lost 31.60 points or 0.20 per cent to 15,824.45. The Bank Nifty index lost 84.70 points or 0.24 per cent to close at 34,949.70.
The broader markets, however, outperformed as the S&P BSE MidCap rose 0.06 per cent and S&P BSE SmallCap closed with a gain of 0.34 per cent.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for July 27:
Day support zone on Nifty is 15,750-15,800, below that 15,650-15,725 is a strong Buy zone.
Day higher zone on Nifty is 15,890-15,925, above that 15,950-16,025 is a strong Sell zone.
Day support zone on Bank Nifty is 34,550-34,675, below that 34,350-34,425 is a strong Buy zone.
Day higher zone on Bank Nifty is 35,125-35,250, above that 35,350-35,425 is a strong Sell zone.
The Small Day Range for trading on Nifty is 15,790-15,890, while the medium and bigger day ranges are 15,750-15,925 and 15,675-15,975, respectively.
The Small Day Range for trading on Bank Nifty is 34,675-35,200, while the medium and bigger day ranges are 34,550-35,350 and 34,425-35,425, respectively.
FIIs Index long at 60% Vs 59%
PCR near oversold levels at 1.10 Vs 1.18
India VIX up by 6% at 12.45
For Existing Long Positions:
Nifty Intraday stop loss is 15,725 and Closing stop loss is 15,625.
Bank Nifty Intraday stop loss is 34,650 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 35,150.
For New Positions:
Buy Nifty in 15,725-15,800 rang with a stop loss of 15,625 and target 15,825, 15,850, 15,890, 15,915, 15,950.
Sell Nifty in 15,890-15,950 range with a stop loss of 16,000 and target 15,850, 15,825, 15,800, 15,760, 15,725.
For New Positions:
Buy Bank Nifty in 34,425-34,675 range with a stop loss of 34,350 and target 34,875, 34,975, 35,075, 35,125, 35,200, 35,300.
Sell Bank Nifty in 35,200-35,350 range with a stop loss of 35,500 and target 35,075, 35,000, 34,950, 34,900, 34,675.
F&O Ban Update:
New In Ban: SAIL
Out Of Ban: Cadila, Sun TV
3 Stocks Already In Ban: Canara Bank, NALCO, Voda-Idea
Glenmark Life Sciences IPO Preview: APPLY FOR LONG TERM
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