Anil Singhvi’s Strategy July 19: Cement Sector is Positive; Buy ACC Futures with Stop loss 1600

Amid positive global markets, neutral domestic institutional investors (DIIs) and futures and options (F&O) and negative foreign institutional investors (FIIs) cues, the short-term trend of the domestic Indian markets will be neutral on Friday, July 19, 2019, while sentiment is cautious.

Earlier on Thursday, July 18, 2019, the benchmark domestic indices closed with loses snapping winning streak of three sessions. The Sensex at Bombay Stock Exchange  declined 318.18 points, or 0.81 per cent, to end at 38,897.46. The Nifty at National Stock Exchange - slipped below 11,600 mark - also fell 90.60 points, or 0.78 per cent, to settle at 11,596.90. Similarly, Bank Nifty drifted down 304.90 points, or 0.99 per cent, to close at 30,430.60. Maximum selling pressure emerged at the last hour of the trading session. Trading was volatile on account of expiry of weekly options contracts on the NSE.

See Anil Singhvi's tweet below:

#MarketStrategy | कारोबारी हफ्ते के आखिरी दिन पढ़िए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार रणनीति।@AnilSinghviZEE pic.twitter.com/wylF1Ujorh

— Zee Business (@ZeeBusiness) July 19, 2019

Zee Business's Managing Editor Anil Singhvi's Market Strategy for July 19:

11,600 and 30,500 are going to the deciding levels Nifty and Bank Nifty respectively.

The small and medium day range for trading on Nifty lies between 11,575-11,675 and 11,550-11,700 respectively.

The small and medium day range for trading on Bank Nifty lies between 30,425-30,600 and 30,350-30,750 respectively.

For Existing Long Positions:

Nifty intraday stop loss 11,550 and closing stop loss 11,600.

BankNifty intraday stop loss 30,325 and closing stop loss 30,400.

For Existing Short Positions:

Nifty intraday and closing stop loss 11,725.

Bank Nifty intraday and closing stop loss 30,600.

For New Positions:

Buy Nifty with a stop loss of 11,550 and target of 11,650, 11,675, 11,700.

Sell Nifty near 11,700 with a stop loss of 11725 and target of 11,675, 11,650.

Buy Bank Nifty with a stop loss of 30,325 and target 30,600, 30,700, 30,750. 

Sell Bank Nifty in near 30,700 with a stop loss of 30,800 and target 30,600, 30,550.

The put-call ratio (PCR) stands at 1.25 and the volatility index (VIX) is 11.75 very low.

Sectors:

Positive: Cement

Total 5 in F&O Ban: IDBI, Reliance Capital, Reliance Infrastructure, DHFL, Tata Elxsi.

Result Analysis:

Sell L&T Infotech: Stop loss 1585 and target 1540, 1510. Weak operational results. Poor revenue growth and EBIT margins lower.

Stock of the Day:

Buy ACC Futures: Stop loss 1600 and target 1640, 1655, 1670. Excellent results, margins, revenue and realisations all superb.

Aaj ka Hero:

Buy Ambuja Cement Futures: Stop loss 212 and target 220, 225. Short covering expected due to strong results by ACC.