Anil Singhvi strategy today, October 13: Check Nifty and Bank Nifty support and buy levels

Anil Singhvi strategy today, October 13: Amid neutral global cues and neutral FIIs and nuetral DIIs activities, the short term trend for the Indian stock market is positive, according to Zee Business Managing Editor Anil Singhvi. At 8:00 am, SGX Nifty was trading at 17,040 down by 65 points or 0.38 per cent. Dow Futures and Nasdaq Futures were quoting positive, up by nearly 0.11 per cent to 29293 and 0.02 per cent to 10,843, respectively. Earlier on Wednesday, the BSE Sensex had jumped over 478 points or 0.84 per cent to end at 57,625.91. Likewise, Nifty50 finished lower at 17,123.60 after gaining over 140 points or 0.82 per cent. Meanwhile, the S&P 500 and Nasdaq ended lower on Wednesday. The S&P 500 cracked 11.81 points or 0.33 per cent to end at 3,577.03 and the Nasdaq Composite declined 9.09 points or 0.087 per cent to finish at 10,417.10. Dow Jones ended at 29,210.85.

Given below is Anil Singhvi's strategy for Monday, October 13:  

Global: Neutral
FII:  Neutral
DII: Neutral
F&O: Neutral
Sentiment: Neutral
Trend: Positive  

Nifty support zone 16950-17025, Below that 16750-16850 Strong Buy zone

Nifty higher zone 17175-17250, Above that 17275-17325 Profit booking zone

Bank Nifty support zone 38725-38800, Below that 38500-38650 Strong Buy zone

Bank Nifty higher zone 39225-39300, Above that 39550-39600 Profit booking zone

Nifty support levels 17075, 17025, 17000, 16950, 16900, 16850

Nifty higher levels 17150, 17175, 17225, 17250, 17275, 17325

Bank Nifty support levels 38950, 38800, 38725, 38650, 38600, 38500

Bank Nifty higher levels 39175, 39225, 39300, 39500, 39550, 39600

FIIs Index Long at 19% Vs 15%
PCR at 0.95 Vs 0.72
BankNifty PCR at 0.99 Vs 0.72
India VIX down by 1.5% at 20.18
For Existing Long Positions:

Nifty Intraday SL 16925 n Closing SL 16800
BankNifty Intraday n Closing SL 38600

For Existing Short Positions:

Nifty Intraday SL 17200 n Closing SL 17325     
BankNifty Intraday n Closing SL 39300

For New Positions:

Buy Nifty in 16950-17025 range:
SL 16850 Tgt 17075, 17125, 17175, 17225, 17250, 17275

Sell Nifty in 17200-17275 range:
SL 17350 Tgt 17125, 17075, 17025, 17000, 16950, 16900, 16850

For New Positions:

Buy BankNifty in 38600-38800 range:
SL 38475 Tgt 38950, 39100, 39175, 39225, 39300, 39500, 39550

Sell BankNifty in 39500-39600 range:
SL 39700 Tgt 39300, 39225, 39175, 39100, 38950, 38800, 38725, 38600

F&O Ban Update:

Out Of Ban: India Cements
Already In Ban: Delta Corp, Indiabulls housing finance
New In Ban: Nil