Anil Singhvi's strategy on July 22: Support zone on Nifty is 16475-16525, Bank Nifty is 35875-35975
Amid positive global markets, positive Foreign Institutional Investors (FIIs), neutral Foreign Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Friday
Amid positive global markets, positive Foreign Institutional Investors (FIIs), neutral Foreign Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Friday, July 22, 2022, said Zee Business Managing Editor Anil Singhvi.
Earlier, the Indian market extended its winning streak to the fifth day as the broader Nifty50 ended at 16,610, while the Sensex gained nearly 300 points to settle at 55,681.95. Nifty Midcap and Small Cap gained 1.38% and 0.77% respectively in the broader market. Except for Pharma and Healthcare, which witnessed some profit booking and slipped in the red, all other Nifty sectoral indices ended in the green on Thursday.
Anil Singhvi's strategy on Nifty, Bank Nifty on July 22
Nifty support zone is 16475-16525, below that 16275-16350 is a strong buy zone
Nifty higher zone is 16650-16700, above that 16750-16800 is a profit booking zone
Bank Nifty support zone is 35875-35975, below that 35550-35750 is a strong buy zone
Bank Nifty higher zone is 36350-36500, above that 36600-36725 is a profit booking zone
Nifty support levels 16575, 16525, 16475, 16450, 16425, 16350
Nifty higher levels 16625, 16650, 16700, 16750, 16790, 16825, 16875
Bank Nifty support levels 36100, 35975, 35875, 35825, 35750, 35625, 35550
Bank Nifty higher levels 36275, 36350, 36400, 36500, 36600, 36725, 36850
FIIs Index Long at 40% Vs 28%
PCR near overbought level at 1.41 Vs 1.4, Profit booking accepted at higher level
India VIX up 0.25% by at 16.86
For Existing Long Positions:
Nifty Intraday and Closing stoploss (SL) 16450
Bank Nifty Intraday SL 35850 and Closing SL 35700
For Existing Short Positions:
Nifty Intraday SL 16800 and Closing SL 16675
Bank Nifty Intraday and Closing SL 36350
For New Positions:
Buy Nifty
SL 16450 Tgt 16625, 16650, 16700, 16750, 16790, 16825, 16875
Sell Nifty in 16675-16800 range:
SL 16875 Tgt 16625, 16600, 16575, 16525, 16475, 16450, 16425
For New Positions:
Buy Bank Nifty in 35725-35875 range:
SL 35675 Tgt 35975, 36075, 36175, 36275, 36325
Aggressive Traders Buy BankNifty
Strict SL 35950 Tgt 36275, 36350, 36400, 36500, 36600, 36725, 36850
Aggressive Traders Sell BankNifty 36500-36725 range:
Strict SL 36850 Tgt 36400, 36350, 36275, 36200, 36100, 36000, 35875
F&O BAN
NEW IN BAN
RBL BANK
ALREADY IN BAN
DELTA CORP
OUT OF BAN
NIL
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