Anil Singhvi strategy 22 Sept 2022: Support zone on Nifty is 17425-17525, Bank Nifty is 40775-40900

Anil Singhvi strategy 22 Sept 2022: Amid negative global markets, negative foreign institutional investors (FIIs), positive 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 Thursday, September 22, 2022, said Zee Business Managing Editor Anil Singhvi. 

Anil Singhvi's strategy on Nifty, Bank Nifty on September 22, 2022

Nifty support zone 17425-17525, Below that 17300-17380 Strong Buy zone

Nifty higher zone 17650-17725, Above that 17775-17835 Profit booking zone

Bank Nifty support zone 40775-40900, Below that 40500-40700 Strong Buy zone

Bank Nifty higher zone 41150-41200, Above that 41400-41625 Profit booking zone

Nifty support levels 17625, 17600, 17575, 17525, 17500, 17475, 17425, 17400

Nifty higher levels 17765, 17700, 17725, 17775, 17800, 17825

Bank Nifty support levels 40900, 40775, 40700, 40575, 40500, 40375, 40275, 40200

Bank Nifty higher levels 41150, 41200, 41400, 41475, 41625, 41675

FIIs Index Long at 34% Vs 39%

PCR at 0.95 Vs 1.15

BankNifty PCR at 0.89 Vs 1.07

India VIX up by 3% at 19.33

For Existing Long Positions:

Nifty Intraday SL 17500 n Closing SL 17400

BankNifty Intraday SL 40500 n Closing SL 40750

For Existing Short Positions:

Nifty Intraday n Closing SL 17850

BankNifty Intraday n Closing SL 41500

For New Positions:

Sell Nifty only if No Big Gap-down at Open:

SL 17850 Tgt 17625, 17600, 17575, 17525, 17500, 17475, 17425

Aggressive Traders Buy Nifty in 17425-17525 range:

Strict SL 17300 Tgt 17575, 17600, 17625, 17665, 17690, 17725, 17775, 17825

For New Positions:

Sell BankNifty only if No Big Gap-down at Open:

SL 41500 Tgt 40900, 40775, 40700, 40575, 40500

Buy BankNifty in 40500-40700 range:

SL 40200 Tgt 40775, 40900, 41150, 41200, 41400, 41500

Total 6 Stocks in F&O Ban:

New In Ban: Ambuja Cement, Canfin homes

Out Of Ban: India Cement

Already In Ban: Escorts, Delta Corp, PVR, RBL Bank