: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,000-25,100 levels and a strong support zone at 24,865-24,950 levels on Wednesday, July 16. For the Nifty Bank, the market wizard expects support at 56,600-56,750 levels and a stronger support zone at 56,275-56,475 levels. 

The market wizard expects a higher zone at 25,200-25,325 levels and a strong sell zone at 25,350-25,475 levels for the headline index.

For the banking index, he expects a higher zone at 57,150-57,300 levels and a strong sell zone at 57,450-57,625 levels.

The market wizard believes that the US President's latest comments may trigger some profit-booking in pharma stocks but sharp falls are unlikely. 

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HDB Financial Services

• Weakness due to the company's vehicle financing business

Stock of the Day: Dixon Tech

Buy Dixon Tech shares for targets of Rs 16,000, Rs 16,250 and Rs 16,550 with a stop loss at Rs 15,500 

• The company has signed an agreement to buy a 51 per cent stake in Q Tech India
• It also plans to form a JV with China's Chongqing Yuhai Precision Manufacturing