Anil Singhvi strategy on June 29: Support zone on Nifty, Bank Nifty are 15650-15725 and 33125-33300

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

Earlier, benchmarks Nifty50 and Sensex had ended marginally higher on Tuesday as the former closed at 15,850 and the latter settled at 53,177.   

Anil Singhvi's strategy on Nifty, Bank Nifty on June 29, 2022 

Nifty support zone is 15650-15725, below that 15550-15625 is a strong buy zone 
 
Nifty higher zone is 15800-15850, above that 15875-15925 is a strong profit booking zone 
 
Bank Nifty support zone is 33125-33300, below that 32650-32850 is a strong buy zone 
 
Bank Nifty higher zone is 33625-33725, above that 33825-34000 is a strong rofit booking zone 
 
Nifty support levels: 15800, 15750, 15700, 15675, 15650, 15625, 15550 
 
Nifty higher levels: 15850, 15875, 15900, 15925, 15975, 16000 
 
Bank Nifty support levels: 33425, 33300, 33200, 33125, 33000, 32850, 32750, 32650 
 
Bank Nifty higher levels: 33500, 33625, 33725, 33800, 33900, 34000, 34150 
 
FIIs Index Long at 25% Vs 23% 
PCR at 0.98 Vs 1.03 
India VIX up by 2% at 21.45 

 
For Existing Long Positions: 
 
Nifty Intraday stoploss (SL) 15675 and Closing SL 15550 
Bank Nifty Intraday SL 33500 and Closing SL 33100 

 
For Existing Short Positions: 
 
Nifty Intraday SL 15950 and Closing SL 15850 
Bank Nifty Intraday and Closing SL 33850 
 
For New Positions: 
 
Sell Nifty: 
SL 15900 Tgt 15750, 15700, 15675, 15650, 15625, 15550 
 
Buy Nifty in 15550-15675 range: 
SL 15500 Tgt 15700, 15750, 15800, 15825, 15850, 15875, 15900, 15925 
 
For New Positions: 
 
Sell Bank Nifty: 
SL 33850 Tgt 33425, 33300, 33200, 33125, 33000, 32925, 32850, 32750 
 
Buy Bank Nifty in 32650-32850 range: 
SL 32600 Tgt 32925, 33000, 33125, 33200, 33300, 33400 
 
Aggressive Traders Buy Bank Nifty in 33125-33300 range: 
Strict SL 33000 Tgt 33400, 33500, 33625, 33700, 33750, 33825, 34000 
 
F&O Ban Update: 
Already In Ban: Delta Corp, Sun TV 
New In Ban: Nil 
Out Of Ban: Nil