Anil Singhvi strategy July 13: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,300-19,350 levels and a strong buy zone at 19,200-19,235 levels on Thursday, July 13. For the Nifty Bank, he expects support at 44,450-44,550 levels and a strong buy zone at 44,125-44,325 levels.

Here's how Anil Singhvi sums up the market setup:

• Global: Positive

• FII: Negative

• DII: Neutral

• F&O: Positive

• Sentiment: Neutral

• Trend: Positive

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The market wizard expects higher levels in the Nifty in the 19,435-19,500 band and a "blue sky" area above 19,525. For the banking index, he sees a higher zone at 44,850-44,925 levels and a strong sell zone at 45,000-45,125 levels.

• FII index longs on a higher side, unchanged at 72 per cent
• Nifty put-call ratio (PCR) at 0.88 vs 1.08
• Nifty Bank PCR near oversold levels, unchanged at 0.67
• Fear index India VIX down one per cent at 10.94

ANIL SINGHVI MARKET STRATEGY

Market guru Singhvi suggests a 'buy on dips' strategy for traders with a focus on stock-specific action. He expects a strong move in the headline index once it holds the 19,550 level, and views the 44,300-44,500 band in the Nifty Bank as a strong buying zone.

For existing long positions:

• Nifty intraday and closing stop loss at 19,275

• Nifty Bank intraday stop loss at 44,450 and closing stop loss at 44,300

For existing short positions:

• Nifty intraday and closing stop loss at 19,550

• Nifty Bank intraday and closing stop loss at 45,000

For new positions in Nifty:

• Aggressive traders can buy Nifty in the 19,235-19,350 range with a strict stop loss at 19,175 for targets of 19,375, 19,400, 19,435, 19,500 and 19,525

• Aggressive traders can sell Nifty in the 19,435-19,500 range with a strict stop loss at 19,550 for targets of 19,400, 19,375, 19,350, 19,325 and 19,300

For new positions in Nifty Bank:

• Buy Nifty Bank in the 44,125-44,325 range with a stop loss at 44,000 for targets of 44,450, 44,500, 44,550, 44,650, 44,725 and 44,800

• Aggressive traders can buy Nifty Bank in the 44,450-44,550 range with a strict stop loss at 44,300 for targets of 44,650, 44,725, 44,800, 44,850, 44,925 and 45,000

• Sell Nifty Bank in the 44,925-45,075 range with a stop loss at 45,225 for targets of 44,875, 44,800, 44,750, 44,675, 44,575, 44,500 and 44,450

F&O ban update:

• New in ban: Hindustan Copper
• Out of ban: Granules India, Delta Corp, BHEL
• Already in ban: Manappuram Finance, Indiabulls Housing Finance, PNB, Zee Enterprises, India Cements

Results review:

TCS

• Results in line with expectations
• Soft management commentary
• Futures have support at Rs 3,140-3,180; a higher level seen at Rs 3,300

HCL Tech

• Extremely weak performance
• Management still maintaining guidance but difficult to believe
• Support zone at Rs 1,065-1,080 offers attractive five per cent dividend yield near the Rs 1,000-1,050 range
• Rs 1,120 seen as a higher level in futures

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