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Market Strategy Today (July 4): How to trade Nifty 50, Nifty Bank today? Key levels to track & more

Published 22 hours ago2 minute read

: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,275-25,375 levels and a strong buy zone at 25,125-25,250 levels on Friday, July 4. For the Nifty Bank, the market wizard expects support at 56,425-56,625 levels and a stronger support zone at 56,150-56,325 levels. 

The market wizard expects a higher zone at 25,450-25,550 levels and a profit-booking zone at 25,600-25,665 levels for the headline index.

For the banking index, he expects a higher zone at 57,000-57,200 levels and a strong sell zone at 57,325-57,450 levels.

What was the action in US markets?

Buy more or book profits now?

Which sectors will be in action today?

For new positions in Nifty Bank:

Stocks in F&O ban

Buy Bajaj Finance shares for targets of Rs 925, Rs 935 and Rs 950 with a stop loss at Rs 905 

Deposit growth at 15 per cent 

Buy Vedanta futures for targets of Rs 466, Rs 470 and Rs 475 with a stop loss at Rs 455 

Buy Cochin Shipyard shares for targets of Rs 2,030, Rs 2,045 and Rs 2,065 with a stop loss at Rs 1,995 

Buy Bharat Dynamics futures for targets of Rs 1,990, Rs 2,010 and Rs 2,040 with a stop loss at Rs 1,950 

Buy Mazagon Dock Futures SL 3270, Tgt 3340, 3370, 3400

Buy BEL Futures SL 422 Tgt 432, 436, 440

  • DAC has approved defense purchases to the tune of Rs 1.05 lakh crore 
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