Anil Singhvis Strategy 23 Sept: Support zone on Nifty is 17425-17525, Bank Nifty is 40200-40375
Amid negative global markets, negative foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future and options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Friday
Amid negative global markets, negative foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future and options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Friday, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi's strategy on Nifty, Bank Nifty on 23 September, 2022
Nifty support zone is 17425-17525, below that 17300-17380 is a strong buy zone
Nifty higher zone is 17725-17825, above that 17875-17925 is a profit booking zone
Bank Nifty support zone is 40200-40375, below that 39900-40075 is a strong buy zone
Bank Nifty higher zone is 40875-41150, above that 41200-41400 is a profit booking zone
Nifty support levels are: 17600, 17575, 17525, 17500, 17475, 17425, 17400
Nifty higher levels 17765, 17700, 17725, 17775, 17800, 17825, 17875
Bank Nifty support levels 40500, 40375, 40275, 40200, 40075, 39900, 39800
Bank Nifty higher levels 40685, 40775, 40900, 41150, 41200, 41400, 41475
FIIs Index Long at 29% Vs 34%
PCR at 1.04 Vs 0.95
BankNifty PCR at 0.76 Vs 0.89
India VIX down by 3% at 18.82
For Existing Long Positions:
Nifty Intraday SL 17500 and Closing SL 17400
Bank Nifty Intraday SL 40200 and Closing SL 40500
For Existing Short Positions:
Nifty Intraday SL 17725 and Closing SL 17825
Bank Nifty Intraday SL 40900 and Closing SL 41200
For New Positions:
Buy Nifty in 17425-17525 range:
SL 17300 Tgt 17575, 17600, 17625, 17665, 17690, 17725, 17775, 17825
Sell Nifty in 17725-17875 range:
SL 17950 Tgt 17700, 17665, 17625, 17575, 17535, 17500, 17475, 17425
For New Positions:
Buy Bank Nifty in 40200-40375 range:
SL 40000 Tgt 40500, 40625, 40685, 40775, 40900, 41150, 41200
Sell Bank Nifty in 41150-41200 range:
SL 41500 Tgt 40900, 40775, 40700, 40625, 40500, 40375, 40275, 40200
Total 5 Stocks in F&O Ban:
New In Ban: PNB
Out Of Ban: Escorts, PVR
Already In Ban: Ambuja Cement, Canfin homes, Delta Corp, RBL Bank
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