Anil Singhvi Strategy on July 1: Support Zone on Nifty is 15675-15725, Bank Nifty is 33100-33200

Amid negative global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Future & Options (F&O) and neutral sentiment, the short-term trend of the Indian market will be negative on Friday, July 1, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, benchmarks Nifty50 slipped below 15,800, while the Sensex dropped merely 8 points to end near the 53,000-mark on Thursday amid volatility in the global market. Following headline indices, Nifty Midcap and smallcap indices declined by around half per cent in the broader market on Juen 30.  

Here is Anil Singhvi's strategy on Nifty, Bank Nifty on July 1 

Nifty support zone is 15675-15725, below that 15550-15625 is a strong buy zone 
 
Nifty higher zone is 15850-15900, above that 15925-16000 is a strong profit booking zone 
 
Bank Nifty support zone is 33100-33200, below that 32650-32850 is a strong buy zone 
 
Bank Nifty higher zone is 33650-33800, above that 34000-34150 is a strong profit booking zone 
 
Nifty support levels 15750, 15725, 15700, 15675, 15650, 15625, 15550 
 
Nifty higher levels 15800, 15850, 15890, 15925, 15975, 16000 
 
Bank Nifty support levels 33300, 33200, 33125, 33000, 32925, 32850, 32750, 32650 
 
Bank Nifty higher levels 33500, 33650, 33725, 33800, 33900, 34000 
 
FIIs Index Long at oversold levels at 15% Vs 16%, short covering expected 
PCR at 1.16 Vs 1.05 
India VIX unchanged at 21.84 

 
For Existing Long Positions: 
 
Nifty Intraday n Closing SL 15650 
BankNifty Intraday n Closing SL 33100 

 
For Existing Short Positions: 
 
Nifty Intraday n Closing SL 15950 
BankNifty Intraday n Closing SL 33850 

For New Positions: 
 
Buy Nifty in 15675-15750 range: 
SL 15550 Tgt 15775, 15800, 15850, 15890, 15925, 15975 
 
Sell Nifty in 15850-15925 range: 
SL 16000 Tgt 15800, 15750, 15725, 15700, 15675, 15650, 15625 
 
For New Positions: 
 
Buy BankNifty in 33100-33200 range: 
SL 33000 Tgt 33300, 33425, 33500, 33650, 33725, 33800 
 
Aggressive Traders Buy BankNifty: 
Strict SL 33100 Tgt 33500, 33650, 33725, 33800, 33900, 34000 
 
Sell BankNifty in 33650-33800 range: 
SL 34000 Tgt 33500, 33425, 33300, 33200, 33125 
 
F&O Ban Update: 
Out Of Ban: Sun TV 
Already In Ban: Nil 
New In Ban: Nil