- Service charge on food bills: Big development from Delhi HC - No stay on guidelines prohibiting hotels, restaurants
- Fixed Depsit Interest Rate: Check latest FD rates of HDFC Bank, SBI, Kotak Mahindra Bank, PNB, ICICI Bank, BoB, IOB, Ujjivan
- Operation Demat Daka Big Impact: 4 out of 5 victims of demat account hacking receive compensation; Anil Singhvi lauds them for t
- Indian Railways to shut 300 ticket counters this year, to make IRCTC server robust
- India’s first electric double-decker bus Switch EiV22 unveiled | PHOTOS
Anil Singhvi’s Strategy July 7: Day support zone on Nifty is 10,550-10,625 & Bank Nifty is 21,700-21,900
Amid positive global markets, foreign institutional investors (FIIs), sentiment, neutral domestic institutional investors (DIIs), cautious futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, July 7, 2020
Amid positive global markets, foreign institutional investors (FIIs), sentiment, neutral domestic institutional investors (DIIs), cautious futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, July 7, 2020.
Benchmark equity indices on Monday, July 6, 2020, gained more than one per cent amid positive global cues. Domestic indices rose for the fourth straight session. Sensex at Bombay Stock Exchange climbed 466 points, or 1.29 per cent, to close at 36,487. The Nifty at National Stock Exchange surged 156 points, or 1.47 per cent, to settle at 10,764. Both these indices have risen about 4.50% in four sessions.
Similarly, Bank Nifty gained 347 points, or 1.59 per cent, to settle at 22,199. Broader indices at BSE also appreciated. Mid-cap jumped 1.27 per cent up and Small-cap surged 1.30 per cent.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for July 7:
Day support zone on Nifty is 10,550-10,625, and the higher range is 10,825-10,975.
Day support zone on Bank Nifty is 21,700-21,900 and the higher range is 22,350-22,500.
The small day range for trading on Nifty is 10,725-10,825, while the medium and bigger ranges are 10,625-10,900 and 10,550-10,975, respectively.
The small day range for trading on Bank Nifty is 21,950-22,250, while the medium and bigger ranges are 21,850-22,350 and 21,700-22,475, respectively.
Put-Call Ratio (PCR) is 1.6, alert at a higher level, India Volatility Index (VIX) down 2% at 25.20.
For Existing Long Positions:
Nifty intraday and closing stop loss 10,550.
Bank Nifty intraday stop loss 22,000 and closing stop loss 21,850.
For Existing Short Positions:
Nifty intraday and closing stop loss 10,825.
Bank Nifty intraday and closing stop loss 22,500.
For New Positions:
Buy Nifty in 10,600-10,625 range with a stop loss of 10,550 and target 10,700, 10,750, 10,800.
Sell Nifty in 10,800-10,825 range with a stop loss of 10,850 and target 10,725, 10,650.
Buy Bank Nifty in 21,850-21,950 range with a stop loss of 21,700, and target 22,150, 22,250, 22,350, 22,450.
Sell Bank Nifty in 22,300-22,450 range with a stop loss of 22,550 and target 22,200, 22,050, 21,950.
See Zee Business Live TV Streaming Below:
5 Stocks In F&O Ban
Enters F&O Ban: BHEL
Already in Ban: Vodafone Idea, Glenmark, SAIL, IB Housing Finance
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.