Anil Singhvi’s Strategy October 27: Day support zone on Nifty is 17775-17825 & Bank Nifty is 41025-41125

Amid positive global markets, positive domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), positive futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Thursday, October 27, 2022.

Nifty support zone 17775-17825, Below that 17650-17725 Strong Buy zone

Nifty higher zone 17875-17975, Above that 18000-18075 Strong Sell zone

Bank Nifty support zone 41025-41125, Below that 40650-40775 Strong Buy zone

Bank Nifty higher zone 41425-41525, Above that 41825-41950 Profit booking zone

Nifty support levels 17825, 17775, 17725, 17675, 17650

Nifty higher levels 17875, 17925, 17975, 18000, 18025, 18075

Bank Nifty support levels 41200, 41125, 41025, 40900, 40775, 40650

Bank Nifty higher levels 41300, 41450, 41525, 41700, 41825, 41950

- FIIs Index Long unchanged at 34%

- PCR light and comfortable at 0.96 Vs 1.16

- BankNifty PCR at 1.02 Vs 1.34

- India VIX down by 3% at 16.88

For Existing Long Positions:

Nifty Intraday n Closing SL 17625

BankNifty Intraday n Closing SL 41000

For Existing Short Positions:

Nifty Intraday and Closing Stop Loss 17825

BankNifty Intraday and Closing Stop Loss 41550

For New Positions:

Buy Nifty: Stop Loss 17650 Target 17875, 17925, 17975, 18000, 18025

Sell Nifty in 17975-18075 range: Stop Loss 18150 Tgt 17925, 17875, 17825, 17775, 17725

For New Positions :

Buy BankNifty: Stop Loss 41000 Tgt 41450, 41525, 41700, 41825, 41950

Aggressive Traders Sell BankNifty near 41800:Strict Stop Loss 41900 Tgt 41550, 41475, 41425, 41300, 41200, 41125

 F&O Ban Update: 

New In Ban: BHEL, PNB

Out Of Ban: Nil

Already in Ban: Nil