Anil Singhvi's strategy July 21: Support zone on Nifty is 16425-16475, Bank Nifty is 35725-35875

Amid neutral global markets, positive Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Thursday, July 21, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, extending the rally for the fourth day, the Nifty50 gained 1.1% (180.30 points) to close at 16,520.85, while the Sensex added 629.91 points (1.15%) to settle at 55,397.53 on Wednesday. 

Anil Singhvi's strategy on Nifty, Bank Nifty on July 21, 2022 

Nifty support zone is 16425-16475, below that 16275-16350 is a strong buy zone 

Nifty higher zone is 16575-16650, above that 16700-16750 is a profit booking zone 

Bank Nifty support zone is 35725-35875, below that 35400-35550 is a strong buy zone 

Bank Nifty higher zone is 36175-36275, above that 36350-36500 is a profit booking zone 
 

Nifty support levels 16490, 16450, 16425, 16350, 16275, 16225 

Nifty higher levels 16575, 16600, 16650, 16700, 16750, 16800 

Bank Nifty support levels 35875, 35825, 35750, 35625, 35550, 35475, 35400 

Bank Nifty higher levels 36075, 36175, 36275, 36350, 36400, 36500 

FIIs Index Long at 28% Vs 21% 

PCR near overbought level at 1.4 Vs 1.35, Profit booking accepted at higher level 

India VIX down 2.25% by at 16.82 

For Existing Long Positions: 

Nifty Intraday and Closing stoploss (SL) 16325 

Bank Nifty Intraday SL 35850 and Closing SL 35700 
 

For Existing Short Positions: 
Nifty Intraday and Closing SL 16600 

BankNifty Intraday and Closing SL 36200 
 

For New Positions: 

Buy Nifty in 16350-16450 range: 

SL 16275 Tgt 16490, 16525, 16575, 16600, 16650, 16700, 16750 

Sell Nifty in 16575-16650 range: 

SL 16800 Tgt  16525, 16500, 16450, 16425, 16350, 16275, 16225 

For New Positions: 

Buy Bank Nifty in 35400-35550 range: 

SL 35275 Tgt 35625, 35725, 35825, 35875, 35975 

Aggressive Traders Buy BankNifty in 35725-35875 range: 

Strict SL 35675 Tgt 35975, 36075, 36175, 36275, 36350, 36400, 36500 

Aggressive Traders Sell BankNifty 36175-36350 range: 

Strict SL 36500 Tgt  36100, 36000, 35950, 35875, 35825, 35750, 35625, 35550 

F&O BAN 
NEW IN BAN 

NIL 

ALREADY IN BAN 

DELTA CORP 

OUT OF BAN 

NIL