Anil Singhvi's strategy on July 27: Support zone on Nifty is 16350-16425, Bank Nifty is 36075-36200

Amid neutral global markets, positive Domestic Institutional Investors (DIIs), negative Foreign Institutional Investors (FIIs), neutral Future and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain neutral on Wednesday, July 27, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, benchmarks Nifty50 and Sensex ended lower by around 0.9% each on Tuesday. The Nifty50 declined by 147.15 points or 0.88% to end at 16,483.85, while the Sensex slumped by almost 500 points as the 30-share index took a cut of 0.89% to settle at 55,268.49 on Tuesday.  

Anil Singhvi's Strategy on Nifty, Bank Nifty on July 27, 2022 

Nifty support zone is 16350-16425, below that 16175-16275 is a strong buy zone 

Nifty higher zone is 16575-16625, above that 16700-16750 is a profit booking zone 

Bank Nifty support zone is 36075-36200, below that 35725-35875 is a strong buy zone 

Bank Nifty higher zone is 36725-36825, above that 36925-36975 is a profit booking zone 

Nifty support levels 16450, 16425, 16350, 16300, 16275, 16225, 16175 

Nifty higher levels 16525, 16575, 16600, 16625, 16650, 16700, 16725, 16750 

Bank Nifty support levels 36350, 36275, 36200, 36075, 35975, 35875, 35825, 35725 

Bank Nifty higher levels 36475, 36600, 36725, 36825, 36925, 36975 

FIIs Index Long at 36% Vs 41% 

PCR light & comfortable at 0.99 Vs 1.18 

India VIX UP 3% by at 18.17 

For Existing Long Positions: 

Nifty Intraday stoploss (SL) 16450 and Closing SL 16325 

Bank Nifty Intraday SL 36275 and Closing SL 36175 
 

For Existing Short Positions: 

Nifty Intraday SL 16650 and Closing SL 16750 

Bank Nifty Intraday SL 36825 and Closing SL 36750 

For New Positions: 

Buy Nifty in 16275-16350 range: 

SL 16175 Tgt 16425, 16475, 16525, 16575, 16600, 16625, 16650 
 

Sell Nifty in 16575-16700 range: 

SL 16750 Tgt 16525, 16475, 16450, 16425, 16350, 16300, 16275, 16225 
 

For New Positions: 

Buy Bank Nifty in 35725-35875 range: 

SL 35650 Tgt  35975, 36075, 36175, 36275, 36350, 36400 

Aggressive Traders Buy Bank Nifty in 36075-36200 range: 

Strict SL 35975 Tgt  36275, 36350, 36400, 36475, 36600, 36725, 36825, 36925 
 
Sell BankNifty 36725-36925 range: 

SL 37050 Tgt  36600, 36475, 36400, 36350, 36275, 36200, 36075 

F&O BAN 

NEW IN BAN: DELTA CORP 

ALREADY IN BAN: IB HOUSING 

OUT OF BAN: NIL