Anil Singhvi's strategy on July 20: Support zone on Nifty is 16225-16275, Bank Nifty is 35475-35550

Amid positive global cues, neutral Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future & Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain neutral on Wednesday, July 20, said Zee Business Managing Editor Anil Singhvi. 

Earlier on Tuesday, the benchmark Nifty50 rose higher by 62.05 points (0.38%) to end at 16,340.55, while the Sensex gained 246.47 points (0.45%) to settle at 54,767.62. Nifty midcap and Smallcap indices closed higher by 0.67% and 1.02% respectively. Nifty PSU Bank, Nifty Realty and Autos led the sectoral indices.  

Anil Singhvi's strategy on Nifty, Bank Nifty on July 20:  

Nifty support zone is 16225-16275, below that 16125-16200 is a strong buy zone 

Nifty higher zone is 16450-16525, above that 16575-16650 is a profit booking zone 

Bank Nifty support zone is 35475-35550, below that 35050-35125 is a strong buy zone 

Bank Nifty higher zone is 35950-36075, above that 36175-36350 is a profit booking zone 

Nifty support levels 16350, 16300, 16275, 16225, 16175, 16125 

Nifty higher levels 16425, 16450, 16525, 16575, 16600, 16650 

Bank Nifty support levels 35625, 35550, 35475, 35350, 35250, 35125, 35050 

Bank Nifty higher levels 35825, 35950, 36075, 36175, 36275, 36350, 36400, 36500 

FIIs Index Long at 21% Vs 18% 

PCR near overbought level at 1.35 Vs 1.36 

India VIX unchanged by at 17.20 

For Existing Long Positions: 

Nifty Intraday SL 16175 and closing stoploss (SL) 16125 

Bank Nifty Intraday SL 35450 and Closing SL 35350 

For Existing Short Positions: 

Nifty Intraday and Closing SL 16450 

Bank Nifty Intraday and Closing SL 36100 

For New Positions: 

Buy Nifty 

SL 16275 Tgt 16425, 16450, 16525, 16575, 16600, 16650 

Sell Nifty in 16575-16650 range: 

SL 16800 Tgt  16525, 16450, 16425, 16350, 16275, 16225 

For New Positions: 

Buy Bank Nifty 

SL 35350 Tgt 35825, 35950, 36075, 36175, 36275, 36350 

Aggressive Traders Sell Bank Nifty 36075-36275 range: 
Strict SL 36500 Tgt  35950, 35825, 35750, 35625, 35550, 35475, 35350 

F&O BAN 
NEW IN BAN 

NIL 

ALREADY IN BAN 

DELTA CORP 

OUT OF BAN 

NIL