Anil Singhvi's Strategy June 17: Support zone on Nifty is 15050-15150 and Bank Nifty is 32150-32350

Amid negative global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures & Options (F&O) and negative sentiment, the short-term trend of the Indian stock market will remain negative on Friday, June 17, 2022.   

Earlier the Indian market has closed with over2% cuts on Thursday, with benchmarks Nifty50 slipping below 15,400 for first time in the past one year and Sensex tanking by over 1000 points to settle around 51,500. 

Zee Business Managing Editor Anil Singhvi's strategy on Nifty, Bank Nifty on June 17, 2022  
Nifty support zone is 15050-15150, below that 14800-14950 is a strong Support zone 
Nifty higher zone is 15500-15650, above that 15700-15775 is a strong Sell zone 
Bank Nifty support zone is 32150-32350, below that 31650-31950 is a strong Support zone 
Bank Nifty higher zone is 33000-33125, above that 33200-33400 is a strong Sell zone 
Nifty support levels: 15300, 15200, 15150, 15050, 14950, 14825 
Nifty higher levels: 15500, 15600, 15650, 15675, 15700, 15735, 15775 
Bank Nifty support levels: 32350, 32275, 32150, 32050, 31950, 31825, 31725, 31650, 31550 
Bank Nifty higher levels: 32875, 33000, 33125, 33200, 33250, 33300, 33400, 33500 
FIIs Index Long at oversold level unchanged at 11% 
PCR near oversold levels at 0.76 Vs 0.75 
India VIX up by 3% at 22.87 

For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15300 
Bank Nifty Intraday and Closing SL 32500 

For Existing Short Positions: 
 
Nifty Intraday SL 15550 and Closing SL 15800 
Bank Nifty Intraday SL 33125 and Closing SL 33500 

For New Positions: 
 
Aggressive Traders Buy Nifty in 14950-15150 range: 
Strict SL 14800 Tgt 15300, 15350, 15450, 15500, 15550, 15650, 15700 
 
Aggressive Traders Sell Nifty in 15650-15750 range: 
Strict SL 15800 Tgt 15550, 15500, 15450, 15375, 15300, 15200, 15150, 15050 
 
For New Positions: 
 
Aggressive Traders Buy BankNifty in 31950-32200 range: 
Strict SL 31800 Tgt 32275, 32350, 32550, 32625, 32875, 33000, 33125, 33200 
 
Aggressive Traders Sell BankNifty in 33000-33300 range: 
Strict SL 33500 Tgt 32875, 32625, 32550, 32350, 32275, 32150, 32050 
 
F&O Ban Update: 
Already In Ban: IB Housing Finance, RBL Bank, Delta Corp 
New In Ban: Nil 
Out Of Ban: Nil