Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty index coming in at 18,860-18,890 levels on Friday, June 30. The market wizard points out that levels above 19,025 will be the “blue sky zone” for the headline index.
For the Nifty Bank, he sees support at 44,125-44,175 and a strong buy zone at 43,925-44,025 levels.
Here’s how Anil Singhvi sums up the market setup:
Global: Positive
FII: Positive
DII: Negative
F&O: Neutral
Sentiment: Positive
Trend: Positive
For the banking index, he expects a higher zone at 44,425-44,500 levels and a blue sky zone above the 44,550 mark.
FII index longs at 66 per cent vs 60 per cent
Nifty put call ratio (PCR) at 1.41 vs 1.21
Nifty Bank PCR at 1.3 vs 1.46
Fear index India VIX up one per cent at 10.89
ANIL SINGHVI MARKET STRATEGY
The market guru highlights that the July F&O series usually brings highly positive moves, but over the past two years, no four back-to-back series have emerged positive.
He suggests holding on to long positions in the Nifty and the Nifty Bank with stop loss levels at 18,550 and 43,300 respectively.
For existing long positions:
For existing short positions:
For new positions in Nifty:
Buy Nifty
SL 18850, Tgt 19000, 19025, इसके बाद 50 अंकों के SL के साथ तेजी की पोजीशन में बने रहें
For new positions in Nifty Bank:
Buy BankNifty 44125-44175 range
SL 43950, Tgt 44225, 44275, 44325, 44425, 44475Aggressive Traders buy
SL 44100, Tgt 44425, 44500, 44550 के ऊपर 100 प्वाइंट के SL के साथ पोजीशन में बने रहें
F&O ban update:
PKH Ventures IPO
The market expert suggests avoiding the upcoming IPO of PKH Ventures which opens for subscription on the same day.
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