After the F&O expiry yesterday, people are gearing up for the July Series. Giving his tips for both stock market traders and investors, Zee Business Managing Editor Anil Singhvi said that generally July Series remains strong and the pattern is expected to stay in this series too. However, he said that one should not forget that Coronavirus is still around and it will be an important factor in this series. He suggested that stock market investors take advantage of the first 15 days rally and follow ‘buy-on-dips’ strategy till Nifty and Bank Nifty remain above 10,000 and 20,500 mark.
Predicting 3-6 per cent rise in the July Series, Anil Singhvi said, “Generally, July Series remains strong and positive and that pattern is expected to remain. But, this time Coronavirus is around and it will play an important factor in the entire period. So, my advise for the stock market investors is to maintain buy-on-dips strategy and keep booking profit on the higher side.”
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Singhvi said that market is expected to remain in the range of 10,000 to 11,000 and investors should keep booking profit on every 3-5 per cent rise.
On his advice to the stock market traders, the Market Guru said, “Stock market traders are advised to go with the sentiments but maintain stop-loss in each and every position as any news of the Coronavirus or COVID-19 can reverse the momentum of the markets. Stop-loss will help them minimise loss in such kind of precarious situation.”
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जुलाई सीरीज में फूंक-फूंक कर रखें कदम… अनिल सिंघवी ने कहा- निवेशक पहले 15 दिनों की तेजी का उठाएं फायदा, ऊपरी स्तर पर पोजीशन हल्की करें और फिर करेक्शन पर करें निवेश…ट्रेडर्स स्टॉपलॉस का रखें खास ध्यान, ट्रेंड के हिसाब से करें ट्रेड#EditorsTake #NSE #BSE @AnilSinghvi_ pic.twitter.com/dgsvWJhwcg
— Zee Business (@ZeeBusiness) June 26, 2020
Earlier, in an exclusive analysis, Zee Business had informed viewers that July Series has a history of maintaining a positive bias. It reported that since 2016, July Series has remained positive, except in 2019.