Anil Singhvi’s Strategy October 25: Day support zone on Nifty is 17625-17675 & Bank Nifty is 41050-41200

Amid positive global markets, neutral domestic institutional investors (DIIs), positive foreign institutional investors (FIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Wednesday, October 25, 2022. 

Indian stock markets started the new Samvat 2079 with a bang on Monday. Though, the NSE and BSE were closed for trading yesterday on account of Diwali, the exchanges were opned for trading for one hour for Muhurat Trading. Both Nifty50 and the Sensex closed in the green. While the former ended at 59,831.66, up by over 524.51 points or 0.88 per cent, the latter closed with gains of over 150 points.  

25th Oct Strategy:

Nifty support zone 17625-17675, Below that 17525-17575 Strong Buy zone

Nifty higher zone 17775-17825, Above that 17875-17925 Profit booking zone

Bank Nifty support zone 41050-41200, Below that 40650-40775 Strong Buy zone

Bank Nifty higher zone 41475-41500, Above that 41650-41825 Profit booking zone

Nifty support levels 17675, 17625, 17575, 17525, 17475

Nifty higher levels 17775, 17800, 17875, 17925, 17975

Bank Nifty support levels 41200, 41150, 41050, 40900, 40775, 40650, 40500

Bank Nifty higher levels 41400, 41475, 41500, 41650, 41825

FIIs Index Long at 34% Vs 30%
PCR at 1.16 Vs 1.03
BankNifty PCR at 1.33 vs 1.15
India VIX unchanged at 17.28

For Existing Long Positions:
Nifty Intraday n Closing SL 17575
BankNifty Intraday SL 41000 n Closing SL 40750

For Existing Short Positions:
Nifty Intraday n Closing SL 17800
BankNifty Intraday n Closing SL 41500

For New Positions:

Buy Nifty in 17575-17625 range:
SL 17500 Tgt 17675, 17725, 17775, 17800, 17875, 17925

Aggressive Traders Sell Nifty in 17825-17925 range:
Strict SL 18025 Tgt 17775, 17725, 17675, 17625, 17600, 17575

For New Positions :
Buy BankNifty in 40650-40800 range:
SL 40500 Tgt 41000, 41150, 41200, 41275, 41400

Aggressive Traders Buy BankNifty in 41050-41150 range:
Strict SL 41000 Tgt 41275, 41400, 41475, 41650, 41825

Aggressive Traders Sell BankNifty in 41500-41825 range:
Strict SL 41900 Tgt 41425, 41300, 41200, 41150, 41050, 40800

F&O Ban Update:
Out Of Ban: BHEL
New In Ban: Nil
Already In Ban: Nil