Anil Singhvi's strategy May 25: Nifty support zone is 15900-16000, Bank Nifty is 33900-34100

Amid neutral global markets, neutral Future and Options (F&O), positive Domestic Institutional Investors (DIIs), negative flow from Foreign Institutional Investors, the sntiments will be neutral and short-term trend negative on Wednesday, May 25, 2022.  

The Indian market ended with half per cent cuts on Tuesday amid profit booking in IT, metal and FMCG stock. The broader Nifty50 fell 0 points to close at 16,125 and the 30-share Sensex dropped 236 points to 54052. The 12-share Bank Nifty gained 42 points to close near 34,300. Meanwhile, in the broader market, Nifty midcap and small indices corrected 0.6% and 1.2% respectively on Tuesday.  

Zee Business Managing Editor Anil Singhvi's strategy on May 25 

Nifty support zone 15900-16000, Below that 15750-15850 strong Buy zone

Nifty higher zone 16200-16275, Above that 16375-16425 strong Profit booking zone

Bank Nifty support zone 33900-34100, Below that 33525-33675 strong Buy zone

Bank Nifty higher zone 34575-34775, Above that 34900-35100 strong Profit booking zone

Nifty support levels 16075, 16000, 15900, 15850, 15800, 15750

Nifty higher levels 16175, 16200, 16240, 16265, 16300, 16400, 16425, 16475

Bank Nifty support levels 34125, 34000, 33900, 33800, 33675, 33600, 33525, 33300

Bank Nifty higher levels 34475, 34575, 34675, 34800, 34900, 34950, 35100

FIIs Index Long at 37% Vs 39%
PCR at 0.90 Vs 1.01
India VIX up by 9% at 25.64

For Existing Long Positions:
Nifty Intraday SL 15950 n Closing SL 15775
BankNifty Intraday n Closing SL 33900

For Existing Short Positions:
Nifty Intraday n Closing SL 16425
BankNifty Intraday n Closing SL 34850

For New Positions:

Buy Nifty:
SL 15950 Tgt 16175, 16200, 16240, 16265, 16300, 16350, 16400

Sell Nifty in 16375-16475 range:
SL 16525 Tgt 16300, 16265, 16240, 16215, 16185, 16125, 16075, 16000

For New Positions:

Buy BankNifty:
SL 33900 Tgt 34475, 34575, 34675, 34800, 34900, 34950, 35100

Sell BankNifty in 34775-34950 range:
SL 35150 Tgt 34700, 34600, 34550, 34475, 34350, 34275, 34150, 34000

F&O Ban Update:
2 Out Of Ban: Delta Corp, GNFC
Already In Ban: IB Housing Finance
New In Ban: Nil