Anil Singhvi's strategy on 24 October: Support zone on Nifty is 17525-17575 and Bank Nifty is 40425-40625

Anil Singhvi's strategy on 24 October: Amid positive global markets, positive foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future and options, and positive sentiment, the short-term trend of the Indian market will remain positive on Monday (Muhurat Trading), October 24, 2022, said Zee Business Managing Editor Anil Singhvi.

Anil Singhvi's strategy on Nifty, Bank Nifty on October 24, 2022

Nifty support zone 17525-17575

Nifty higher zone 17725-17775, Above that 17800-17875 Profit booking zone

Bank Nifty support zone 40425-40625, Below that 40200-40375 Strong Buy zone

Bank Nifty higher zone 41150-41200, Above that 41400-41500 Profit booking zone

Nifty support levels 17675, 17625, 17600, 17575, 17525

Nifty higher levels 17725, 17775, 17800, 17875, 17925

Bank Nifty support levels 40775, 40650, 40500, 40425, 40350

Bank Nifty higher levels 41000, 41150, 41200, 41275, 41400, 41475, 41600, 41825

FIIs Index Long at 30% Vs 27%

PCR at 1.03 Vs 1.29

BankNifty PCR at 1.15 vs 0.86

India VIX up by 0.28% at 17.28

For Existing Long Positions:

Nifty Intraday n Closing SL 17500

BankNifty Intraday n Closing SL 40300

For Existing Short Positions:

Nifty Intraday n Closing SL 17700

BankNifty Intraday n Closing SL 41050

For New Positions:

Buy Nifty

SL 17500 Tgt ...17725, 17775, 17800, 17875, 17925

Sell Nifty in 17875-17975 range:

Strict SL 18025, Tgt 17800, 17775, 17725, 17675, 17625, 17575

For New Positions :

Buy BankNifty

SL 40300 Tgt 41000, 41150, 41200, 41275, 41400, 41475, 41600, 41825

Aggressive Traders Sell BankNifty in 41450-41825 range:

strict SL 41900, Tgt 41275, 41200, 41150, 41050, 40900, 40800, 40650

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