Anil Singhvi's 12 Sept strategy: Support zone on Nifty is 17690-17790, Bank Nifty is 40200-40275
Amid positive global markets, positive Foreign Institutional Investors (FIIs), negative domestic institutional investors (DIIs), neutral future and options and positive sentiment, the short-term trend of the Indian market will remain positive on Monday
Amid positive global markets, positive Foreign Institutional Investors (FIIs), negative domestic institutional investors (DIIs), neutral future and options and positive sentiment, the short-term trend of the Indian market will remain positive on Monday, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi's strategy on Nifty, Bank Nifty on September 12, 2022
Nifty support zone is 17690-17790, below that 17600-17650 is a strong buy zone
Nifty higher zone is 17925-17975, above that 18050-18100 is a profit booking zone
Bank Nifty support zone is 40200-40275, below that 39950-40075 is a strong buy zone
Bank Nifty higher zone is 40675-40825, above that 40875-41000 is a profit booking zone
Nifty support levels 17790, 17765, 17690, 17650, 17625, 17600
Nifty higher levels 17900, 17925, 17950, 17975, 18000, 18050, 18100
Bank Nifty support levels 40325, 40275, 40200, 40075, 39950, 39850, 39800
Bank Nifty higher levels 40500, 40600, 40675, 40750, 40825, 40875, 41000
FIIs Index Long at 22% Vs 24%
PCR at 1.10 Vs 1.35
BankNifty PCR at 0.98 Vs 1.16
India VIX down by 3% at 17.72
For Existing Long Positions:
Nifty Intraday SL 17750 and Closing SL 17625
Bank Nifty Intraday SL 40150 and Closing SL 39800
For Existing Short Positions:
Nifty Intraday and Closing SL 18000
Bank Nifty Intraday and Closing SL 40750
For New Positions:
Buy Nifty:
SL 17750 Tgt 17900, 17925, 17950, 17975, 18000, 18050, 18100
Aggressive Traders Sell Nifty in 17925-18000 range:
Strict SL 18100 Tgt 17900, 17850, 17825, 17800, 17765, 17700, 17650
For New Positions:
Buy BankNifty:
SL 40150 Tgt 40500, 40600, 40675, 40750, 40825, 40875, 41000
Aggressive Traders Sell BankNifty in 40750-40875 range:
Strict SL 41000 Tgt 40675, 40600, 40500, 40425, 40325, 40275, 40200, 40075
F&O Ban Update:
New In Ban: Ambuja Cement
Already In Ban: Delta Corp
Out Of Ban: Nil
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