MARKETS
Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,600-24,660 levels and a strong buy zone at 24,500-24,575 levels on Friday, July 19. For the Nifty Bank, he expects support to come in at 52,175-52,325 levels followed by a stronger support zone at 51,850-52,000 levels. Global: Negative FII: Positive DII: Negative F&O: Neutral Sentiment: Positive Trend: Positive FII long positions unchanged at 81 per cent as the previous day Nifty put-call ratio (PCR) at 1.40 vs 1.25 Nifty Bank PCR at 1.06 vs 0.94 India VIX up two per cent at 14.51 He expects a "blue-sky zone" for the headline index above 24,850 and a profit-booking zone on long positions in the 24,900-25,000 range. For the banking index, he expects a higher zone at 52,775-52,875 levels and a strong sell zone at 52,975-53,100 levels. For existing long positions: For existing short positions: Nifty intraday stop loss at 25,000 and closing stop loss at 24,850 Nifty Bank intraday and closing stop loss at 53,000 For new positions in Nifty50: The best range to buy Nifty is 24,600-24,665 with a stop loss at 24,500 for targets of 24,700, 24,775, 24,800 and 24,825 Sell Nifty in case of a gap-up opening with a strict stop loss at 25,000 for targets of 24,700, 24,665, 24,635, 24,600, 24,525 and 24,500 For new positions in Nifty Bank: Aggressive traders can buy Nifty Bank in the 52,000-52,175 range with a strict stop loss at 51,950 for targets of 52,250, 52,325, 52,400, 52,475, 52,625, 52,675 and 52,775 Aggressive traders can sell Nifty Bank in the 52,775-52,975 range with a strict stop loss at 53,100 for targets of 52,675, 52,625, 52,525, 52,450, 52,325, 52,250 and 52,175 Stocks in F&O ban Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit . 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 Business Twitter and Facebook . Subscribe on YouTube . None
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