Anil Singhvi Strategy on July 19: Support zone on Nifty is 16150-16225, Bank Nifty is 35025-35125

Amid negative global markets, positive Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trends of the Indian market will remain neutral on Tuesday, July 19, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, the equity benchmark Nifty50 closed higher by 1.43% to 16,278.50 and barometer Sensex ended rose 1.41% to close at 54,521.15 on Monday. Nifty Midcap and Smallcap ended higher by 1.4% and 1.59% respectively, while except, FMCG, Pharma and Healthcare, all other Nifty sectoral indices closed strongly on Monday 

Anil Singhvi's Strategy on Nifty, Bank Nifty on July 19 

Nifty support zone is 16150-16225, below that 15975-16075 is a strong buy zone 

Nifty higher zone is 16275-16300, above that 16350-16450 is a profit booking zone  

Bank Nifty support zone is 35025-35125, below that 34675-34825 is a strong buy zone 

Bank Nifty higher zone is 35425-35550, above that 35625-35825 is a profit booking zone  

Nifty support levels 16225, 16150, 16075, 16050, 16025, 15975 

Nifty higher levels 16275, 16300, 16350, 16425, 16450, 16525 

Bank Nifty support levels 35250, 35125, 35025, 34925, 34825, 34750, 34675 

Bank Nifty higher levels 35425, 35475, 35550, 35625, 35750, 35825, 35950 

FIIs Index Long at 18% Vs 17% 

PCR Up at 1.36 Vs 1.21 

India VIX down by 2.5% at 17.16  

For Existing Long Positions:  

Nifty Intraday SL 16125 n Closing SL 15925 

BankNifty Intraday SL 35000 n Closing SL 34650  

For Existing Short Positions: 

Nifty Intraday n Closing SL 16300 

BankNifty Intraday n Closing SL 35550  

For New Positions: 

Buy Nifty in 16050-16150 range: 

SL 15925 Tgt 16175, 16220, 16275, 16300, 16350, 16425  

Aggressive Traders Sell Nifty in 16275-16350 range: 

Strict SL 16450 Tgt  16225, 16200, 16150, 16075, 16050, 16025, 15975 

For New Positions: 

Buy BankNifty in 34650-34825 range: 

SL 34475 Tgt 34900, 34975, 35025, 35125, 35250, 35300, 35350 

Aggressive Traders Buy BankNifty in 35025-35150 range: 

Strict SL 34900 Tgt 35250, 35300, 35375, 35425, 35475, 35550 

Aggressive Traders Sell BankNifty 35425-35550 range: 

Strict SL 35650 Tgt  35350, 35250, 35125, 35025, 34925, 34825, 34750, 34675 

F&O BAN 

NEW IN BAN 

NIL 

ALREADY IN BAN 

DELTA CORP 

OUT OF BAN 

NIL