Anil Singhvi Strategy on Sept 20: Support zone on Nifty is 17525-17625, Bank Nifty is 40775-40875

Amid positive global markets, neutral foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future & options (F&O) and positive sentiment, the short-term trend of the Indian market will be positive on Tuesday, September 20, said Zee Business Managing Editor Anil Singhvi.   

Nifty support zone is 17525-17625, below that 17425-17500 is a strong buy zone  

Nifty higher zone is 17765-17825, above that 17890-17935 is a profit booking zone 
 
Bank Nifty support zone is 40775-40875, below that 40500-40575 is a strong buy zone 
 
Bank Nifty higher zone is 41200-41400, above that 41625-41825 is a profit booking zone 
 
Nifty support levels 17625, 17575, 17525, 17500, 17475, 17425 
 
Nifty higher levels 17690, 17765, 17800, 17825, 17890, 17935 
 
Bank Nifty support levels 40875, 40775, 40700, 40575, 40500 
 
Bank Nifty higher levels 41150, 41200, 41275, 41400, 41500, 41625, 41825 
 
FIIs Index Long at 32% Vs 28%  
PCR at 0.94 Vs 0.76 
BankNifty PCR at 0.85 Vs 0.79 
India VIX up by 1% at 19.94 

For Existing Long Positions: 
 
Nifty Intraday SL 17400 and Closing SL 17500 
Bank Nifty Intraday SL 40500 and Closing SL 40750 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 17875 
Bank Nifty Intraday SL 41200 and Closing SL 41400 

For New Positions: 
Buy Nifty: 
SL 17500 Tgt 17690, 17765, 17800, 17825, 17890, 17935 
 
Sell Nifty in 17825-17925 range: 
SL 18000 Tgt 17800, 17775, 17700, 17675, 17625, 17575 
 
For New Positions: 
 
Buy BankNifty: 
SL 40750 Tgt 41150, 41200, 41275, 41400, 41500, 41625, 41825 
 
Aggressive Traders Sell BankNifty in 41400-41625 range: 
Strict SL 41850 Tgt 41275, 41200, 41150, 41000, 40900, 40775 
 
Total 6 Stocks in F&O Ban: 
New In Ban: Escorts, Delta Corp 
Already In Ban: India Cement, PVR, RBL Bank, IB Housing Finance 
Out Of Ban: Nil