Anil Singhvi's strategy on 19 Sept: Support zone on Nifty is 17400-17475, Bank Nifty is 40425-40575

Amid neutral global markets, negative foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), positive future and options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Monday, September 19, said Zee Business Managing Editor Anil Singhvi.   

Anil Singhvi's strategy on Nifty, Bank Nifty on 19 September, 2022  
Nifty support zone is 17400-17475, below that 17300-17340 is a strong buy zone 

Nifty higher zone is 17575-17650, above that 17690-17765 is a profit booking zone 
 
Bank Nifty support zone is 40425-40575, below that 40200-40375 is a strong buy zone 
 
Bank Nifty higher zone is 41150-41275, above that 41400-41625 is a strong sell zone 
 
Nifty support levels 17500, 17475, 17450, 17400, 17380, 17340, 17300 
 
Nifty higher levels 17575, 17600, 17650, 17690, 17765, 17800, 17825 
 
Bank Nifty support levels 40700, 40575, 40500, 40425, 40375, 40275, 40200 
 
Bank Nifty higher levels 40875, 41000, 41150, 41200, 41275, 41400, 41625 
 
FIIs Index Long at 28% Vs 24%  
PCR light and comfortable at 0.76 Vs 1.09 
Bank Nifty PCR at 0.79 Vs 0.96 
India VIX up by 8% at 19.82 

For Existing Long Positions: 
 
Nifty Intraday and Closing SL 17450 
Bank Nifty Intraday and Closing SL 40475 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 17875 
Bank Nifty Intraday SL 41000 and Closing SL 41200  

For New Positions: 
 
Buy Nifty in 17400-17475 range: 
SL 17300 Tgt 17500, 17525, 17575, 17600, 17650 
 
Aggressive Traders Buy Nifty: 
Strict SL 17450 Tgt 17575, 17600, 17650, 17690, 17765, 17800, 17825 
 
Aggressive Traders Sell Nifty in 17650-17765 range: 
Strict SL 17850 Tgt 17600, 17575, 17540, 17500, 17475, 17450, 17400 
 
For New Positions: 
 
Buy BankNifty in 40275-40500 range: 
SL 40175 Tgt 40575, 40685, 40775, 40875, 41000 
 
Aggressive Traders Buy BankNifty: 
Strict SL 40475 Tgt 40875, 41000, 41150, 41200, 41275, 41400, 41500 
 
Sell BankNifty in 41150-41400 range: 
SL 41625 Tgt 41000, 40900, 40800, 40700, 40575, 40500, 40425 
 
F&O Ban Update: 
Already In Ban: RBL Bank, IB Housing Finance 
New In Ban: India Cement, PVR 
Out Of Ban: Nil