Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain positive on Thursday, August 25, said Zee Business Managing Editor Anil Singhvi.  

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Anil Singhvi's strategy on Nifty, Bank Nifty on August 25, 2022 

Nifty support zone is 17500-17575, below that 17350-17450 is a strong buy zone 
 
Nifty higher zone is 17650-17725, above that 17775-17850 is a profit booking zone 
 
Bank Nifty support zone is 38750-38925, below that 38550-38700 is a strong buy zone 
 
Bank Nifty higher zone 39200-39325, Above that 39450-39650 Profit booking zone 

Nifty support levels are: 17575, 17525, 17500, 17475, 17450, 17400, 17350 
 
Nifty higher levels are: 17650, 17700, 17725, 17775, 17800, 17825, 17850 
 
Bank Nifty support levels are: 38925, 38850, 38750, 38700, 38650, 38550 
 
Bank Nifty higher levels are: 39125, 39200, 39250, 39450, 39500, 39650, 39700, 39750 
 
FIIs Index Long at 45% Vs 49%  
PCR at 1.00 Vs 0.98  
India VIX down by 3% at 18.43 

 
For Existing Long Positions: 

Nifty Intraday and Closing SL 17450 

Bank Nifty Intraday SL 38800 and Closing SL 38500 

 
For Existing Short Positions: 
 
Nifty Intraday SL 17650 and Closing SL 17760 
Bank Nifty Intraday amd Closing SL 39250 

 
For New Positions: 
 
Buy Nifty: 
SL 17475 Tgt 17650, 17700, 17725, 17775, 17800, 17825, 17850 
 
Sell Nifty in 17725-17850 range: 
SL 17900 Tgt 17700, 17650, 17625, 17600, 17575, 17525, 17500, 17475 

For New Positions: 
 
Buy BankNifty: 
SL 37800 Tgt 39125, 39200, 39250, 39325, 39450, 39500, 39650, 39700 
 
Sell Bank Nifty in 39450-39650 range: 
SL 39800 Tgt 39325, 39250, 39200, 39125, 39050, 38950, 38850, 38750 
 
F&O Ban Update: 
New In Ban: RBL Bank 
Out Of Ban: Nil 
Already In Ban: Nil