Anil Singhvi's strategy on 26 Sept: Support zone on Nifty is 17300-17350 and Bank Nifty is 39050-39125

Amid negative global markets, negative foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), positive future and options and cautious sentiment, the short-term trend of the Indian market will remain positive on Monday, September 26, said Zee Business Managing Editor Anil Singhvi.  

Anil Singhvi's strategy on Nifty, Bank Nifty on September 26, 2022 

Nifty support zone is 17150-17225 and 17025-17075, below that 16925-16975 is a strong buy zone 
 
Nifty higher zone is 17300-17350, above that 17400-17450 is a profit booking zone 
 
Bank Nifty support zone is 39050-39125 and 38875-38925, below that 38650-38750 is a strong buy zone 
 
Bank Nifty higher zone is 39700-39900, above that 40200-40350 is a profit booking zone 
 
Nifty support levels are: 17225, 17175, 17150, 17075, 17025, 16975, 16925 
 
Nifty higher levels are: 17325, 17360, 17400, 17425, 17450, 17500 
 
Bank Nifty support levels are: 39250, 39200, 39125, 39050, 38925, 38875, 38750, 38650 
 
Bank Nifty higher levels are: 39700, 39800, 39900, 40075, 40200, 40275 
 
FIIs Index Long at 20% Vs 29%  
PCR at 0.76 Vs 1.04 
BankNifty PCR at 0.56 Vs 0.76 
India VIX up by 9.5% at 20.59 

For Existing Long Positions: 
 
Nifty Intraday and Closing SL 17000 
BankNifty Intraday and Closing SL 38900 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 17525 
BankNifty Intraday and Closing SL 40100 

For New Positions: 
 
Sell Nifty only if No Gap-down: 
SL 17525 Tgt 17225, 17175, 17150, 17075, 17025, 16975, 16925 
 
Aggressive Traders Buy Nifty in 17075-17150 range: 
Strict SL 16925 Tgt 17225, 17300, 17325, 17360, 17400, 17450 
 
For New Positions: 
 
Sell BankNifty only if No Gap-down: 
SL 40100 Tgt 39250, 39200, 39125, 39050, 38925, 38875, 38750, 38650 
 
Buy BankNifty in 38650-38750 range: 
SL 38500 Tgt 38875, 38925, 39050, 39125, 39200, 39250, 39400, 39550 
 
Total 6 Stocks in F&O Ban: 
New In Ban: ZEEL, Vodafone Idea 
Out Of Ban: RBL Bank 
Already In Ban: PNB, Ambuja Cement, Canfin homes, Delta Corp 

Harsha Engineers Listing Preview: 
Expected to list in 450-500 range against issue price of 330 
Long Term Investors must HOLD 
Short Term Investors keep Stoploss of 400 and trail