Anil Singhvi Strategy on June 14: Nifty support zone is 15675-15735 and Bank Nifty is 33125-33200

Amid negative global cues, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures and Options (F&O), negative sentiment, the short-term trend of the Indian market will remain negative on Tuesday, June 14, 2022.  

Earlier on Monday, the domestic equity benchmarks Nifty50 and the Sensex ended with cuts of 2.6% each as the former ended below 15,800 and the latter dropped over 1400 points in a single day. The broader Nifty50 closed at 15,774 and Sensex settled at 52846 as volatility in the global market and FIIs sell-off worsened ahead of FOMC meet.   

Zee Business Managing Editor Anil Singhvi's strategy on June 14, 2022 
 
Nifty support zone is 15675-15735 and 15550-15625, below that 15375-15450 is strong Buy zone 
 
Nifty higher zone is 15850-15900, above that 15975-16075 is a strong Sell zone 
 
Bank Nifty support zone is 33125-33200 and 32875-33000, below that 32150-32450 is strong Buy zone 
 
Bank Nifty higher zone is 33775-33900, above that 34000-34350 is a strong Sell zone 
 
Nifty support levels are: 15735, 15675, 15625, 15550, 15500, 15450, 15375 
 
Nifty higher levels: 15775, 15800, 15850, 15900, 15975, 16000, 16075 
 
Bank Nifty support levels: 33300, 33200, 33125, 33000, 32875, 32450, 32375, 32150 
 
Bank Nifty higher levels: 33525, 33600, 33675, 33775, 33900, 34000, 34175 
 
FIIs Index Long at oversold level at 12% Vs 21%, short covering expected from lower levels 
PCR near oversold levels at 0.70 Vs 0.88 
India VIX up by 14% at 22.37 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15675 
Bank Nifty Intraday and Closing SL 32950 

For Existing Short Positions: 
 
Nifty Intraday SL 16000 and Closing SL 16200 
Bank Nifty Intraday SL 34000 and Closing SL 34500 

For New Positions: 
 
Sell Nifty: 
SL 15900 Tgts: 15735, 15675, 15625, 15550, 15500, 15450, 15375 
 
Aggressive Traders Buy Nifty in 15450-15550 range: 
Strict SL 15350 Tgt 15625, 15675, 15725, 15775, 15800, 15850, 15900  
 
For New Positions: 
 
Sell Bank Nifty: 
SL 33800 Tgts: 33300, 33200, 33125, 33000, 32875, 32450, 32375, 32150 
 
Buy Bank Nifty in 32150-32450 range: 
SL 32000 Tgts: 32850, 33000, 33125, 33200, 33300, 33400 
 
Aggressive Traders Buy Bank Nifty in 33000-33125 range: 
Strict SL 32850 Tgt 33300, 33400, 33525, 33600, 33675, 33775, 33900, 34000 
 
F&O Ban Update: 
New In Ban: RBL Bank 
Already In Ban: Delta Corp 
Out Of Ban: Nil