Anil Singhvis strategy on 27 Sept: Support zone on Nifty is 16875-16925 and Bank Nifty is 38200-38350
The short-term trend of the Indian market will remain positive on Tuesday, September 27, 2022, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi's strategy on 27 Sept: Amid neutral global markets, negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), positive future and options and cautious sentiment, the short-term trend of the Indian market will remain positive on Tuesday, September 27, 2022, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi's strategy on Nifty, Bank Nifty on September 27, 2022
Nifty support zone 16875-16925, Below that 16725-16800 Strong Buy zone
Nifty higher zone 17150-17225, Above that 17300-17350 Profit booking zone
Bank Nifty support zone 38200-38350, Below that 37950-38050 Strong Buy zone
Bank Nifty higher zone 39050-39200, Above that 39400-39550 Profit booking zone
Nifty support levels 16975, 16925, 16875, 16800, 16750, 16725, 16700
Nifty higher levels 17100, 17150, 17200, 17225, 17300, 17325, 17350
Bank Nifty support levels 38500, 38350, 38200, 38050, 37950, 37750, 37625
Bank Nifty higher levels 38750, 38900, 39050, 39125, 39200, 39325, 39400, 39550
FIIs Index Long at 23% Vs 20%
PCR at 0.70 Vs 0.76
Bank Nifty PCR at oversold levels at 0.57 Vs 0.56, short covering expected
India VIX up by 6% at 21.89
For Existing Long Positions:
Nifty Intraday SL 16900 n Closing SL 17000
BankNifty Intraday n Closing SL 38450
For Existing Short Positions:
Nifty Intraday SL 17225 n Closing SL 17325
BankNifty Intraday SL 39050 n Closing SL 39550
For New Positions:
Buy Nifty:
SL 16900 Tgt 17100, 17150, 17200, 17225, 17300, 17325, 17350
Sell Nifty in 17200-17325 range:
SL 17450 Tgt 17175, 17150, 17100, 17025, 16975, 16925
For New Positions:
Buy BankNifty:
SL 38450 Tgt 38750, 38900, 39050, 39125, 39200, 39325, 39400, 39550
Sell BankNifty in 39200-39400 range:
SL 39600 Tgt 39125, 39050, 38900, 38750, 38625, 38500, 38350
Total 3 Stocks in F&O Ban:
Out Of Ban: Ambuja Cement, Canfin homes, Delta Corp
Already In Ban: ZEEL, Vodafone Idea, PNB
New In Ban: Nil
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