Anil Singhvi strategy 21 Sept: Support zone on Nifty is 17675-17750, Bank Nifty is 41150-41200

Amid negative global markets, positive foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral Future and Options (F&O) and neutral sentiment, the short-term trend of the domestic market will be positive on Wednesday, said Zee Business Managing Editor Anil Singhvi.  

Anil Singhvi's strategy on Nifty, Bank Nifty on September 21, 2022 
 
Nifty support zone is 17675-17750, below that 17525-17625 is a strong buy zone 
 
Nifty higher zone is 17875-17925, above that 17975-18075 is a strong sell zone 
 
Bank Nifty support zone is 41150-41200, below that 40700-40900 is a strong buy zone 
 
Bank Nifty higher zone is 41625-41675, above that 41825-41975 is a profit booking zone 
 
Nifty support levels 17775, 17750, 17700, 17675, 17625, 17575, 17525 
 
Nifty higher levels 17875, 17925, 17975, 18000, 18075 
 
Bank Nifty support levels 41400, 41200, 41150, 40900, 40775, 40700, 40575 
 
Bank Nifty higher levels 41500, 41625, 41675, 41825, 41900, 41975 
 
FIIs Index Long at 39% Vs 32%  
PCR at 1.15 Vs 0.94 
Bank Nifty PCR at 1.07 Vs 0.85 
India VIX down by 6% at 18.80 

For Existing Long Positions: 
 
Nifty Intraday SL 17600 and Closing SL 17500 
Bank Nifty Intraday SL 41150 and Closing SL 40750 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 18000 
Bank Nifty Intraday SL 41850 n Closing SL 41500 

For New Positions: 
Buy Nifty in 17625-17700 range: 
SL 17525 Tgt 17750, 17775, 17800, 17825, 17875, 17925, 17975 
 
Sell Nifty in 17875-17975 range: 
SL 18100 Tgt 17825, 17800, 17775, 17750, 17700, 17675, 17625 
 
For New Positions: 
Buy Bank Nifty in 40700-40900 range: 
SL 40500 Tgt 41000, 41150, 41200, 41275, 41400 
 
Aggressive Traders Buy Bank Nifty in 41150-41200 range: 
Strict SL 41000 Tgt 41400, 41475, 41625, 41675, 41825, 41975 
 
Sell Bank Nifty in 41625-41825 range: 
SL 42000 Tgt 41475, 41400, 41200, 41150, 40900, 40775, 40700 
 
Total 5 Stocks in F&O Ban: 
Out Of Ban: IB Housing Finance 
Already In Ban: Escorts, Delta Corp, India Cement, PVR, RBL Bank 
New In Ban: Nil