Anil Singhvis 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
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
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