Anil Singhvi Strategy on August 30: Support zone on Nifty is 17150-17225, Bank Nifty is 37950-38050

Amid neutral global markets, negative Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain neutral on Tuesday, August 30, said Zee Business Managing Editor Anil Singhvi.  
 
Anil Singhvi's strategy on Nifty, Bank Nity on August 30 

Nifty support zone is 17150-17225, below that 17025-17075 is a strong buy zone  

Nifty higher zone is 17375-17450, above that 17475-17550 is a strong sell zone  

Bank Nifty support zone is 37950-38050, below that 37625-37750 is a strong buy zone  

Bank Nifty higher zone is 38400-38550, above that 38650-38800 is a strong sell zone  

Nifty support levels17300, 17225, 17175, 17150, 17075, 17025  

Nifty higher levels: 17340, 17375, 17400, 17450, 17475, 17500, 17525, 17550  

Bank Nifty support levels: 38225, 38175, 38050, 37950, 37750, 37700, 37625 

Bank Nifty higher levels: 38400, 38550, 38650, 38700, 38750, 38800, 38850, 38975  

FIIs Index Long at 34% Vs 39%  
PCR at 0.98 Vs 0.96 
India VIX up by 9% at 19.82 

For Existing Long Positions: 

Nifty Intraday and Closing stoploss (SL) 17125 
Bank Nifty Intraday and Closing SL 37900 
 
For Existing Short Positions: 

Nifty Intraday SL 17425 and Closing SL 17600 
Bank Nifty Intraday SL 38550 and Closing SL 38700 

For New Positions: 

Buy Nifty: 
SL 17150 Tgt 17375, 17400, 17450, 17475, 17500, 17525, 17550 

Sell Nifty in 17450-17525 range:
SL 17600 Tgt 17400, 17380, 17360, 17340, 17300, 17225, 17175

For New Positions: 
 
Buy Bank Nifty: 
SL 37900 Tgt 38400, 38550, 38650, 38700, 38750, 38800, 38850, 38975 

Aggressive Traders Sell Bank Nifty in 38700-38850 range: 
Strict SL 39000 Tgt 38650, 38550, 38400, 38300, 38225, 38175, 38050, 37950 

No Stocks in F&O Ban