Anil Singhvi strategy June 15: Support zone on Nifty is 15550-15650 and Bank Nifty is 32875-33125

Amid negative global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures and Options (F&O) and cautious sentiment, the short-term trend of the Indian market will remain negative on Wednesday, June 15, 2022.  

Earlier, benchmarks Nifty50 and Sensex closed with marginal cuts of around 0.3% on Tuesday. Extending losses for the third day, the broader Nifty50 ended near 15,700 and the 30-share Sensex settled near 52,700 as wholesale price-based inflation witnessed huge spike in year-on-year at 15.88 per cent for May due to rising prices of food items and crude oil. The WPI inflation stood at 15.08 per cent in April and 13.11 per cent in May last year. 

Zee Business Managing Editor Anil Singhvi's strategy for Nifty, Bank Nifty on June 15, 2022 

Nifty support zone is 15550-15650, below that 15375-15450 is a strong Buy zone 
 
Nifty higher zone is 15850-15900, above that 15975-16075 is a strong Sell zone 
 
Bank Nifty support zone is 32875-33125, below that 32150-32450 is a strong Buy zone 
 
Bank Nifty higher zone is 33600-33775, above that 33900-34175 is a strong Sell zone 
 
Nifty support levels:15675, 15650, 15625, 15550, 15500, 15450, 15375 
 
Nifty higher levels: 15775, 15850, 15900, 15975, 16000, 16075 
 
Bank Nifty support levels: 33200, 33125, 33000, 32875, 32450, 32375, 32150 
 
Bank Nifty higher levels: 33400, 33525, 33600, 33675, 33775, 33900, 34000, 34175 
 
FIIs Index Long at oversold level at 11% Vs 12% 
PCR near oversold levels at 0.73 Vs 0.70, short covering expected from lower levels 
India VIX down by 2% at 21.89 

For Existing Long Positions: 
 
Nifty Intraday stoploss (SL) 15600 and Closing SL 15700 
Bank Nifty Intraday and Closing SL 32950 

For Existing Short Positions: 
 
Nifty Intraday SL 16000 and Closing SL 16200 
Bank Nifty Intraday SL 34000 and Closing SL 34500 

For New Positions: 
 
Aggressive Traders Buy Nifty in 15625-15675 range: 
Strict SL 15500 Tgt 15725, 15775, 15800, 15850, 15900, 15975 
 
Aggressive Traders Sell Nifty in 15850-15975 range: 
Strict SL 16075 Tgt 15800, 15775, 15740, 15675, 15650, 15625, 15550, 15500 
 
For New Positions: 
 
Buy BankNifty in 32150-32450 range: 
SL 32000 Tgt 32850, 33000, 33125, 33200, 33300, 33400 
 
Aggressive Traders Buy BankNifty in 33000-33125 range: 
Strict SL 32800 Tgt 33300, 33400, 33525, 33600, 33675, 33775, 33900, 34000 
 
Aggressive Traders Sell BankNifty in 33600-33800 range: 
Strict SL 34000 Tgt 33525, 33400, 33300, 33200, 33125, 33000, 32875 
 
F&O Ban Update: 
New In Ban: IB Housing Finance 
Already In Ban: RBL Bank, Delta Corp 
Out Of Ban: Nil