Anil Singhvi Strategy on July 5: Support zone on Nifty is 15750-15800 and Bank Nifty is 33725-33825

Amid positive global markets, negative Foreign Institutional Investors (FIIs), positive domestic Institutional Investors (DIIs), neutral Future & Options and neutral sentiment, the short-term trend of the Indian market will be negative on Tuesday, July 5, 2022, said Zee Business Managing Editor Anil Singhvi.   

Earlier on Monday, benchmarks Nifty50 gained 83 points or 0.53% to close at 15,835, while the Sensex gained 326 points or 0.62% to settle at 53,234. In the broader market, Nifty midcap gained 0.69% and smallcap rose higher by 0.64% on Monday. FMCG and Banking stocks gained the most, while Metal shares led the drag 

Anil Singhvi's Strategy on Nifty, Bank Nifty on July 5, 2022 

Nifty support zone is 15750-15800, below that 15625-15700 is a strong buy zone 
 
Nifty higher zone is 15875-15925, above that 15975-16075 is a strong profit booking zone 
 
Bank Nifty support zone is 33725-33825, below that 33525-33650 is a strong buy zone 
 
Bank Nifty higher zone is 34125-34350, above that 34475-34650 isa strong profit booking zone 
 
Nifty support levels: 15800, 15775, 15750, 15725, 15700, 15650, 15625 
 
Nifty higher levels: 15890, 15925, 15975, 16000, 16075, 16125 
 
Bank Nifty support levels: 33825, 33725, 33650, 33525, 33425, 33300 
 
Bank Nifty higher levels: 34125, 34275, 34350, 34475, 34650, 34750 
 
FIIs Index Long at oversold levels at 14% Vs 16%, short covering expected 
PCR at 1.13 Vs 1.14 
India VIX down by 1% at 20.97 

For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15650 
Bank Nifty Intraday SL 33500 and Closing SL 33250 

For Existing Short Positions: 
 
Nifty Intraday and Closing SL 15950 
Bank Nifty Intraday and Closing SL 34000 

For New Positions: 
 
Buy Nifty in 15700-15800 range: 
SL 15625 Tgt 15830, 15850, 15890, 15925, 15975, 16000, 16075 
 
Aggressive Traders Sell Nifty in 15925-16000 range: 
Strict SL 16100 Tgt 15860, 15835, 15800, 15775, 15750, 15725, 15700, 15650 
 
For New Positions: 
 
Buy Bank Nifty in 33650-33825 range: 
SL 33500 Tgt 33950, 34125, 34275, 34350, 34475, 34650 
 
Sell Bank Nifty in 34350-34475 range: 
SL 34550 Tgt 34275, 34150, 34000, 33950, 33825, 33750, 33650 
 
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