Anil Singhvi's strategy on 30 Sept: Support zone on Nifty is 16650-16725 and Bank Nifty is 37225-37425

Anil Singhvi's strategy on 30 Sept: Amid negative global markets, negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral future and options, and negative sentiment, the short-term trend of the Indian market will remain positive on Friday, September 30, 2022, said Zee Business Managing Editor Anil Singhvi.

Anil Singhvi's strategy on Nifty, Bank Nifty on September 30, 2022

Nifty support zone 16650-16725, Below that 16525-16625 Strong Buy zone

Nifty higher zone 16850-16950, Above that 16975-17025 Profit booking zone

Bank Nifty support zone 37225-37425, Below that 37050-37150 Strong Buy zone

Bank Nifty higher zone 37950-38050, Above that 38175-38350 Profit booking zone

Nifty support levels 16775, 16725, 16650, 16625, 16575, 16525

Nifty higher levels 16850, 16925, 16975, 17000, 17025, 17100

Bank Nifty support levels 37550, 37425, 37375, 37225, 37150, 37050

Bank Nifty higher levels 37750, 37950, 38050, 38175, 38350, 38475, 38600

FIIs Index Long near lowest level at 13% Vs 28%, short covering expected

PCR at 1.02 Vs 0.73

BankNifty PCR near oversold levels at 0.68 Vs 0.54

India VIX down by 4% at 21.30

For Existing Long Positions:

Nifty Intraday SL 16700 n Closing SL 16800

BankNifty Intraday n Closing SL 37500

For Existing Short Positions:

Nifty Intraday n Closing SL 17050

BankNifty Intraday SL 38000 n Closing SL 38375

For New Positions:

Buy Nifty in 16625-16725 range:

SL 16500 Tgt 16775, 16825, 16850, 16925, 16975, 17000, 17025

Aggressive Traders Sell Nifty in 16950-17025 range:

Strict SL 17100 Tgt 16850, 16825, 16775, 16725, 16650, 16625

For New Positions:

Buy BankNifty in 37150-37425 range:

SL 37000 Tgt 37525, 37650, 37750, 37950, 38050, 38175, 38275, 38350

Sell BankNifty in 38175-38350 range:

SL 38500 Tgt 38050, 37950, 37750, 37650, 37550, 37425, 37325

F&O Ban Update:

Out Of Ban: Vodafone Idea