Anil Singhvi Strategy June 22: Support zone on Nifty is 15475-15550 and Bank Nifty is 32700-32900

Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Future & Options (F&O) and neutral sentiment, the short-term trend for the Indian market will be negative on Wednesday, June 22, 2022, as per Zee Business Managing Editor Anil Singhvi.  

Earlier, extending gains for the second day, the domestic equity benchmarks ended higher by 1.8% each on Tuesday. The broader Nifty50 added 288 points to end at 15,638 and the Sensex added over 900 points to end at 52,532.  

Anil Singhvi's strategy on Nifty, Bank Nifty on June 22 

Nifty support zone is 15475-15550, below that 15350-15425 is a strong Support zone 
 
Nifty higher zone is 15675-15700, above that 15735-15850 is a strong Profit booking zone 
 
Bank Nifty support zone is 32700-32900, below that 32425-32625 is a strong Support zone 
 
Bank Nifty higher zone is 33400-33600, above that 33775-33900 is a strong Profit booking zone 
 
Nifty support levels: 15600, 15550, 15475, 15425, 15400, 15350, 15300 
 
Nifty higher levels: 15650, 15675, 15700, 15735, 15775, 15850, 15900 
 
Bank Nifty support levels: 33000, 32925, 32800, 32750, 32700, 32625, 32550, 32425 
 
Bank Nifty higher levels: 33300, 33400, 33550, 33625, 33775, 33900, 34000 
 
FIIs Index Long at 22% Vs 15% 
PCR at 1.08 Vs 0.81 
India VIX down by 6% at 21.14 

 
For Existing Long Positions: 
 
Nifty Intraday SL 15400 and closing stoploss (SL) 15275 
Bank Nifty Intraday SL 32900 and Closing SL 32600 

 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 15800 
Bank Nifty Intraday and Closing SL 33625 

For New Positions: 
 
Buy Nifty in 15425-15525 range: 
SL 15300 Tgt , 15550, 15600, 15635, 15675, 15700, 15735, 15775 
 
Sell Nifty in 15675-15775 range: 
SL 15900 Tgt 15635, 15600, 15550, 15475, 15425, 15350, 15300 
 
For New Positions: 
 
Buy BankNifty in 32625-32800 range: 
SL 32400 Tgt 32925, 33000, 33125, 33200, 33300, 33400, 33550, 33625 
 
Sell BankNifty in 33550-33775 range: 
SL 33900 Tgt 33400, 33300, 33200, 33125, 32925, 32800, 32750, 32700 
 
F&O Ban Update: 
Already In Ban: IB Housing Finance, RBL Bank 
New In Ban: Nil 
Out Of Ban: Nil