MARKETS
Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,500-24,575 levels and a strong buy zone at 24,400-24,460 levels on Thursday, July 18, as Dalal Street returns to trade after a mid-week holiday. For the Nifty Bank, he expects support to come in at 52,025-52,175 levels followed by a stronger support zone at 51,750-51,950 levels. Global: Positive FII: Neutral DII: Neutral F&O: Neutral Sentiment: Positive Trend: Positive FII long positions at 81 per cent vs 80 per cent the previous day Nifty put-call ratio (PCR) at 1.25 vs 1.33 Nifty Bank PCR at 0.94 vs 1.13 India VIX up 0.25 per cent at 14.22 He expects a higher zone for the headline index at 24,650-24,700 levels and a "blue-sky zone" above the 24,725 mark. For the banking index, he expects a higher zone at 52,625-52,775 levels and a profit-booking zone at 52,825-52,975 levels. EDITOR’S TAKE For existing long positions: Nifty intraday stop loss at 24,475 and closing stop loss at 24,400 Nifty Bank intraday stop loss at 51,950 and closing stop loss at 52,100 For existing short positions: Nifty intraday stop loss at 24,725 and closing stop loss at 24,625 Nifty Bank intraday stop loss at 52,700 and closing stop loss at 52,900 For new positions in Nifty50: The best range to buy Nifty is 24,435-24,525 with a stop loss at 24,400 for targets of 24,585, 24,615, 24,650 and 24,700; above 24,725, one may hold their long positions with a trailing stop loss Aggressive traders can sell Nifty for targets of 24,525, 24,500, 24,465, 24,440 and 24,400 with a strict stop loss at its life high only if it trades below 24,550 For new positions in Nifty Bank: Aggressive traders buy Nifty Bank in the 52,025-52,175 range with a strict stop loss at 51,950 for targets of 52,275, 52,325, 52,400, 52,475, 52,575, 52,625, 52,675 and 52,750 Aggressive traders can sell Nifty Bank in the 52,625-52,775 range with a strict stop loss at 52,900 for targets of 52,525, 52,450, 52,375, 52,300, 52,250, 52,175 and 52,075 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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