Anil Singhvi’s Strategy August 25: Day support zone on Nifty is 16,565-16,590 & Bank Nifty is 35,425-35,550

Amid positive global markets, foreign institutional investors (FIIs), domestic institutional investors (DIIs), sentiment and neutral future & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Wednesday, August 25, 2021. 

Key equity indices ended near the day's high with robust gains on Tuesday, August 24, 2021, tracking positive Asian cues. The S&P BSE Sensex advanced 403.19 points or 0.73 per cent to 55,958.98. The Nifty 50 index added 128.15 points or 0.78 per cent to close at 16,624.60. The Bank Nifty gained 587.70 points or 1.67 per cent to settle at 35,712.10. 

See Zee Business Live TV Streaming Below:

In the broader markets, outperformed the Sensex with S&P BSE MidCap closing with a gain of 1.52 per cent and S&P BSE SmallCap ends 1.69 per cent higher. 

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for August 25:

Day support zone on Nifty is 16,565-16,590, below that 16,500-16,530 is a strong Buy zone.

Day higher zone on Nifty is 16,675-16,725, above that 16,775-16,800 is a Profit-booking zone.

Day support zone on Bank Nifty is 35,425-35,550, below that 35,125-35,300 is a strong Buy zone.

Day higher zone on Bank Nifty is 35,925-36,025, above that 36,175-36,300 is a strong Sell zone.

The small day range for trading on Nifty is 16,590-16,690, while the medium and bigger day ranges are 16,565-16,750 and 16,500-16,800, respectively. 

The small day range for trading on Bank Nifty is 35,550-35,975, while the medium and bigger day ranges are 35,425-36,175 and 35,300-36,250, respectively.

FIIs Index long at 65% Vs 63%.

PCR at 1.39 Vs 1.15.

India VIX down by 3% at 13.19.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 16,450.

Bank Nifty Intraday and Closing stop loss are 35,500.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 16,725.

Bank Nifty Intraday and Closing stop loss are 36,050.

For New Positions:

Buy Nifty with a stop loss of 16,450 and target 16,690, 16,725, 16,750, 16,800.

Sell Nifty near 16,800 with a stop loss of 16,850 and target 16,750, 16,700, 16,650.

For New Positions:

Buy Bank Nifty with a stop loss of 35,500 and target 35,900, 35,975, 36,025, 36,100, 36,175, 36,250, 36,300.

Sell Bank Nifty in 36,100-36,300 range with a stop loss of 36,350 and target 36,025, 35,925, 35,875, 35,800, 35,725.

F&O Ban Update: 

New In Ban: SAIL

Out Of Ban: Sun TV

3 Already in Ban: Canara Bank, NMDC, Vodafone Idea