Anil Singhvi Strategy June 21: Support zone on Nifty is 15200-15300, Bank Nifty is 32550-32625

Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures and Options (F&O) and cautious sentiments, the short-term trend of the Indian stock market will remain negative on Tuesday, June 21, 2022.  

Earlier, the Indian market put a halt to a six-day losing streak to end in green on Monday. Benchmarks Nifty50 and the Sensex ended higher by 0.37% and 0.46% to end at 15,350 and 51,597. In the broader market, Nifty midcap and smallcap remained under selling pressure and ended with massive cuts. On the sectoral front, Nifty Metal and PSU Bank declined the most, while FMCG and IT were the top gainers.  

Zee Business Managing Editor Anil Singhvi's strategy on Nifty and Bank Nifty on June 21, 2022 
Nifty support zone is 15200-15300, below that 15050-15150 is a strong Support zone 
Nifty higher zone is 15400-15500, above that 15600-15675 is a strong Profit booking zone 
Bank Nifty support zone is 32550-32625, below that 32300-32425 is a strong Support zone 
Bank Nifty higher zone is 33000-33200, above that 33300-33550 is a strong Profit booking zone 
Nifty support levels: 15350, 15300, 15200, 15150, 15050, 14950 
Nifty higher levels: 15400, 15450, 15500, 15550, 15600, 15650, 15675 
Bank Nifty support levels: 32700, 32625, 32550, 32425, 32300, 32150, 32050, 31950 
Bank Nifty higher levels: 32925, 33000, 33125, 33200, 33250, 33300, 33400, 33550 
 
FIIs Index Long at oversold level at 15% Vs 13% 
PCR near oversold levels at 0.81 Vs 0.75 
India VIX down by 1% at 22.41 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15150 
Bank Nifty Intraday and Closing SL 32250 

 
For Existing Short Positions: 
 
Nifty Intraday SL 15400 and Closing SL 15700 
Bank Nifty Intraday SL 33000 n Closing SL 33400 

For New Positions: 
 
Buy Nifty: 
SL 15150 Tgt 15400, 15450, 15500, 15550, 15600, 15650 
 
Sell Nifty in 15600-15700 range: 
SL 15800 Tgt 15550, 15500, 15450, 15400, 15350 
 
Aggressive Traders Sell Nifty near 15500: 
Strict SL 15550 Tgt 15450, 15400, 15350, 15300, 15200, 15150 
 
For New Positions: 
 
Buy BankNifty: 
SL 32250 Tgt 32925, 33000, 33125, 33200, 33250, 33300, 33350, 33400 
 
Sell BankNifty in 33100-33400 range: 
SL 33600 Tgt 33000, 32925, 32750, 32625, 32550, 32425, 32300 
 
F&O Ban Update: 
Out Of Ban: Delta Corp 
Already In Ban: IB Housing Finance, RBL Bank 
New In Ban: Nil