Anil Singhvi's strategy on July 25: Nifty support zone is 16575-16625, Bank Nifty support zone is 36275-36350

Amid negative global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Monday, July 25, said Zee Business Managing Editor Anil Singhvi.  

Earlier, the markets closed in the green for the sixth day, as benchmarks ended the week with over 4% each. The broader Nifty50 gained 114.20 points or 0.69% to close at 16,719.45 and the Sensex added over 390.28 points or 0.70% to 56,072.23 on Friday.  

Anil Singhvi's strategy on Nifty, Bank Nifty on July 25 

Nifty support zone is 16575-16625, below that 16475-16525 is a strong buy zone 

Nifty higher zone is 16750-16825, above that 16875-16950 is a profit booking zone 

Bank Nifty support zone is 36275-36350, below that 36075-36200 is a strong Buy zone 

Bank Nifty higher zone is 36825-36975, above that 37075-37200 is a profit booking zone 
 

Nifty support levels: 16650, 16625, 16600, 16575, 16525, 16475 

Nifty higher levels: 16725, 16750, 16800, 16825, 16875, 16950, 16975 

Bank Nifty support levels: 36600, 36500, 36400, 36350, 36275, 36200, 36075 

Bank Nifty higher levels: 36825, 36925, 36975, 37075, 37200, 37275, 37350 

FIIs Index Long at 45% Vs 40% 

PCR near overbought level at 1.42 Vs 1.41, Profit booking accepted at higher level 

India VIX down 1.25% by at 16.65 

For Existing Long Positions: 

Nifty Intraday stoploss (SL) 16575 and Closing SL 16475 

Bank Nifty Intraday and Closing SL 36175 

For Existing Short Positions: 

Nifty Intraday and Closing SL 16800 

Bank Nifty Intraday and Closing SL 36850 

For New Positions: 

Buy Nifty in 16475-16525 range: 

SL 16350 Tgt 16575, 16600, 16625, 16650, 16700, 16725 

Aggressive Traders Buy Nifty in 16575-16625 range: 

Strict SL 16475 Tgt 16650, 16700, 16725, 16750, 16800, 16825, 16875 

Aggressive Traders Sell Nifty in 16750-16825 range: 

Strict SL 16900 Tgt  16725, 16650, 16625, 16600, 16575, 16525, 16475 

For New Positions: 
Buy Bank Nifty in 36200-36350 range: 

SL 36000 Tgt 36400, 36500, 36600, 36725, 36825 

Aggressive Traders Buy Bank Nifty 

Strict SL 36500 Tgt 36825, 36925, 36975, 37075, 37200, 37275, 37350 

Aggressive Traders Sell Bank Nifty 36925-36975 range: 

Strict SL 37100 Tgt  36825, 36750, 36600, 36500, 36400, 36350, 36275, 36200 

F&O BAN 
NEW IN BAN: IB HOUSING 

ALREADY IN BAN: DELTA CORP, RBL BANK  

OUT OF BAN: NIL