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 Monday, July 5, 2021. 

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Domestic equity barometers ended with decent gains on Friday, July 2, 2021. The S&P BSE Sensex advanced 166.07 points or 0.32 per cent to settle at 52,484.67. The Nifty 50 index added 42.20 points or 0.27 per cent to close at 15,722.20. The Bank Nifty index gained 125.90 points or 0.36 per cent to end at 34,809.90.

In the broader market, the S&P BSE MidCap rose 0.05 per cent while S&P BSE SmallCap gained 1.01 per cent. 

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

Day support zone on Nifty is 15,700-15,725, below that 15,625-15,675 is a strong Buy zone.

Day higher zone on Nifty is 15,815-15,835, above that 15,860-15,890 is a strong profit booking zone. 

 

Day support zone on Bank Nifty is 34,650-34,725, below that 34,400-34,550 is a strong Buy zone. 

Day higher zone on Bank Nifty is 34,950-35,075, above that 35,200-35,350 is a strong Sell zone. 

 

Small Day Range for trading on Nifty is 15,725-15,835, while the medium and bigger day ranges are 15,675-15,860 and 15,625-15,890, respectively.

Small Day Range on Bank Nifty is 34,650-35,000, while the medium and bigger day ranges are 34,550-35,200 and 34,400-35,300, respectively. 

 

FIIs increase Index long position at 75% Vs 72%.

PCR light & comfortable at 1.09 vs 1.12.

India VIX down by -5.84% at 12.09.

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,625.

Bank Nifty intraday and closing stop loss are 34,600.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,925.

Bank Nifty intraday and closing stop loss are 35,050.

For New Positions:

Buy Nifty with a stop loss of 15,625 and target 15,815, 15,835, 15,860, 15,890.

Sell Nifty in 15,835-15,890 range stop loss of 15,925 and target 15,815, 15,790, 15,750, 15,725.

For New Positions:

Buy Bank Nifty with a stop loss of 34,600 and target 34,975, 35,050, 35,150, 35,200, 35,300, 35,350.

Sell BankNifty in 35,200-35,350 range with a stop loss of 35,500 and target 35,075, 35,000, 34,925, 34,825.

F&O Ban Update: 

Already In Ban: NALCO

New In Ban: PNB

Out Of Ban: Nil

India Pesticides Listing

Expect to list around 350-375 range, against IPO price 296. 

Long term Investors can HOLD.

Short term Investors keep SL of 320, keep trailing for a higher target.