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Market Strategy Today (July 2): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

Published 2 days ago1 minute read

: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,425-25,500 levels and a strong buy zone at 25,265-25,400 levels on Wednesday, July 2. For the Nifty Bank, the market wizard expects support at 57,000-57,200 levels and a strong buy zone at 56,625-56,850 levels. 

The market wizard expects a higher zone at 25,565-25,665 levels and a strong sell zone at 25,700-25,800 levels for the headline index.

For the banking index, he expects a higher zone at 57,525-57,625 levels and a "blue-sky zone" above the 57,650 mark. 

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Stocks in F&O ban

Stocks of the Day | DMart, Tata Communications

Buy DMart futures for targets of Rs 4,500, Rs 4,545 and Rs 4,590 with a stop loss at Rs 4,390 

Buy Tata Communications futures for targets of Rs 1,760, Rs 1,775 and Rs 1,795 with a stop loss at Rs 1,720 

  • Macquarie has initiated coverage with a target of Rs 2,300 

Buy HPCL futures for targets of Rs 448, Rs 453 and Rs 460 with a stop loss at Rs 436 

  • Oil companies will soon get their LPG compensation 
  • The Petroleum Ministry is certain that the Finance Ministry will release the amount soon 
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