Amid positive global cues, positive Domestic Institutional Investors (DIIs), positive sentiments, neutral Futures and options, negative Foreign Institutional Investors (FIIs), the short-term trend of the Indian market will remain negative on Monday, May 30, 2022.  

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Earlier, on Friday, the benchmarks Nifty50 and the Sensex closed with more than one per cent gains as the 50-share index closed above 16,350 and the 30-share index settled near 54,900. Sectorally, Nifty IT rose more than 2.5%, while Nifty midcap and smallcap gained 1.3% each in the broader market.  

Zee Business Managing Editor Anil Singhvi's views on Nifty, Bank Nifty on May 30.  

Nifty support zone is 16225-16265; below that 16125-16175 is a strong Buy zone 

Nifty higher zone is 16425-16500; above that 16600-16675 is a strong Profit booking zone 

Bank Nifty support zone is 35100-35300; below that 34600-34800 is a strong Buy zone 

Bank Nifty higher zone is 35850-35975; above that 36175-36350 is a strong Profit booking zone 
 
Nifty support levels: 16300, 16265, 16240, 16215, 16175, 16125 
 
Nifty higher levels: 16400, 16425, 16475, 16500, 16600, 16625, 16650, 16675 
 
Bank Nifty support levels: 35425, 35300, 35100, 34950, 34800, 34600 
 
Bank Nifty higher levels: 35750, 35850, 35975, 36050, 36175, 36275, 36350, 36400 

 
FIIs Index Long at 48% Vs 45% 
PCR at 1.14 Vs 1.13 
India VIX down by 5% at 21.48 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing SL 16200 
Bank Nifty Intraday SL 35250 and Closing SL 35000 

 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 16425 
Bank Nifty Intraday SL 35750 and Closing SL 36000 

For New Positions: 
 
Buy Nifty: 
SL 16200; targets: 16425, 16475, 16500, 16600, 16650, 16675 
 
Sell Nifty in 16500-16600 range: 
SL 16700; targets: 16425, 16400, 16350, 16300, 16275, 16250, 16225, 16200 

 
For New Positions: 
 
Buy Bank Nifty: 
SL 35250; targets 35750, 35850, 35975, 36050, 36175, 36275, 36350, 36400 

Sell Bank Nifty in 36150-36350 range: 
SL 36500; targets: 36050, 35975, 35850, 35750, 35625, 35525 
 
No Stock In F&O Ban 
 
Ethos Listing Preview: 
Expected to list near issue price of 878 
Short Term Investors keep stoploss of 850