Anil Singhvi's strategy on 15 Sept: Support Zone on Nifty is 17890-17935, Bank Nifty is 41050-41250

Amid neutral global markets, negative 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 positive on Thursday, said Zee Business Managing Editor Anil Singhvi.  
 
Anil Singhvi's strategy on Nifty, Bank Nifty on 15 Sept 
 

Nifty support zone is 17890-17935, below that 17765-17835 is a strong buy zone 

Nifty higher zone is 18070-18125, above that 18175-18250 is a profit booking zone 

Bank Nifty support zone is 41050-41250, below that 40700-40900 is a strong buy zone 
 
Bank Nifty higher zone is 41625-41825, above that 41950-42100 is a profit booking zone 
 
Nifty support levels 17975, 17935, 17900, 17835, 17800, 17765 
 
Nifty higher levels 18070, 18090, 18125, 18175, 18200, 18225, 18250 
 
Bank Nifty support levels 41250, 41050, 40900, 40825, 40700, 40575 
 
Bank Nifty higher levels 41500, 41625, 41825, 41900, 41975, 42050, 42150 
 
FIIs Index Long at 28% Vs 35%  
PCR at 1.20 Vs 1.39 
BankNifty PCR near overbought level at 1.46 Vs 1.20 
India VIX up by 5% at 18.28 

For Existing Long Positions: 
 
Nifty Intraday SL 17890 and Closing SL 17750 
Bank Nifty Intraday SL 41000 and Closing SL 40850 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 18125 
Bank Nifty Intraday SL 41650 and Closing SL 41850 

For New Positions: 
 
Buy Nifty: 
SL 17890 Tgt 18070, 18090, 18125, 18175, 18200, 18225, 18250 
 
Sell Niftyin 18175-18250 range: 
SL 18300 Tgt 18125, 18100, 18075, 18000, 17975, 17935, 17900 
 
For New Positions: 
Buy BankNifty: 
SL 41000 Tgt 41500, 41625, 41825, 41900, 41975, 42050, 42150 
 
Aggressive Traders Sell BankNifty in 41825-42000 range: 
Strict SL 42200 Tgt 41625, 41525, 41425, 41250, 41050, 40900 
 
F&O Ban Update: 
New In Ban: RBL Bank 
Out Of Ban: Ambuja Cement 
Already In Ban: IB Housing Finance, Delta Corp 
 
Tamilnad Mercantile Bank Listing Preview: 
Expected to list with slight premium 
Keep Strict stoploss of issue price of 525 
 
Harsha Engineers IPO Preview: 
APPLY FOR BOTH BIG LISTING GAIN AND LONG TERM 
 
Positives: 
Combination of New and Experienced promoters with clean track record 
Strong financials and almost debt free 
Strong growth outlook 
Attractive valuations 
 
Negatives: 
Exposure to Europe, China and USA is huge at 57% of revenue