Anil Singhvi Strategy on June 23: Support zone on Nifty is 15350-15425, Bank Nifty is 32550-32750

Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures & Options and neutral sentiment, the short-term trend of the Indian market will be negative on Thursday, June 23, said Zee Business Managing Editor Anil Singhvi.

Earlier, the Indian market closed negative amid volatility on Wednesday. The Nifty50 declined 1.44% or 225 points to end at 15,413 and the Sensex ended with cuts of more than 700 points or 1.37% to settle at 51,822.  

Here is Anil Singhvi's strategy on Nifty, Bank Nifty for June 23, 2022  
 

Nifty support zone is 15350-15425; below that 15175-15300 is a strong Buy zone 
 
Nifty higher zone is 15500-15575, above that 15625-15700 is a strong Profit booking zone 
 
Bank Nifty support zone is 32550-32750, below that 32300-32425 is a strong Buy zone 
 
Bank Nifty higher zone is 33100-33200, above that 33300-33600 is a strong Profit booking zone 
 
Nifty support levels: 15425, 15375, 15350, 15300, 15200, 15175 
 
Nifty higher levels: 15500, 15550, 15600, 15625, 15675, 15700, 15735, 15775 
 
Bank Nifty support levels: 32800, 32750, 32700, 32625, 32550, 32425, 32300 
 
Bank Nifty higher levels: 32925, 33100, 33200, 33300, 33350, 33400, 33550, 33600 
 
FIIs Index Long still lower at 21% Vs 22% 
PCR light and comfortable at 0.81 Vs 1.08 
India VIX unchanged at 21.30 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15275 
Bank Nifty Intraday and Closing SL 32600 

 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 15800 
Bank Nifty Intraday and Closing SL 33625 

For New Positions: 
 
Buy Nifty in 15200-15350 range: 
SL 15150 Tgt 15425, 15500, 15550, 15600, 15650, 15675 
 
Aggressive Traders Buy Nifty: 
SL 15350 Tgt 15500, 15550, 15600, 15625, 15675, 15700, 15735, 15775 
 
Sell Nifty in 15550-15700 range: 
SL 15800 Tgt 15500, 15425, 15375, 15350, 15300, 15200 
 
For New Positions: 
 
Buy BankNifty in 32425-32625 range: 
SL 32250 Tgt 32700, 32750, 32800, 32850, 32925, 33100, 33200 
 
Aggressive Buy BankNifty: 
Strict SL 32600 Tgt 32925, 33100, 33200, 33300, 33350, 33400, 33550, 33600 
 
Sell BankNifty in 33100-33400 range: 
SL 33625 Tgt 32925, 32800, 32750, 32625, 32550, 32425, 32300 
 
F&O Ban Update: 
New In Ban: Sun TV 
Already In Ban: IB Housing Finance, RBL Bank 
Out Of Ban: Nil