Anil Singhvi's strategy on July 29: Support zone on Nifty is 16850-16925, Bank Nifty is 36925-37050
The Nifty50 gained by 287 points to end at 16,929.6, while the Sensex surged by almost 1041 points to settle at the 56,857.79 level on Thursday.
Amid positive global markets, positive Domestic Institutional Investors (DIIs), positive Foreign Institutional Investors (FIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain neutral on Friday, July 29, 2022, said Zee Business Managing Editor Anil Singhvi.
Earlier, benchmarks Nifty50 and Sensex ended higher by over 1.5 per cent each on Thursday. The Nifty50 gained by 287 points to end at 16,929.6, while the Sensex surged by almost 1041 points to settle at the 56,857.79 level on Thursday.
Anil Singhvi's Strategy on Nifty, Bank Nifty on July 29, 2022
Nifty support zone 16850-16925, Below that 16750-16800 strong Buy zone
Nifty higher zone 17100-17150, Above that 17200-17250 Profit booking zone
Bank Nifty support zone 36925-37050, Below that 36725-36825 strong Buy zone
Bank Nifty higher zone 37600-37750, Above that 37950-38025 Profit booking zone
Nifty support levels 16925, 16875, 16825, 16800, 16750, 16725, 16700
Nifty higher levels 17000, 17050, 17100, 17125, 17150, 17200, 17250, 17300
Bank Nifty support levels 37325, 37225, 37150, 37050, 36925, 36825, 36725
Bank Nifty higher levels 37500, 37600, 37750, 37950, 38025, 38200
FIIs Index Long at 57% Vs 45%
PCR near overbought level at 1.43 Vs 1.24, Profit booking accepted at higher level
India VIX down 6% by at 17
For Existing Long Positions:
Nifty Intraday SL 16900 n Closing SL 16700
BankNifty Intraday SL 37000 n Closing SL 36700
For Existing Short Positions:
Nifty Intraday n Closing SL 17050
BankNifty Intraday n Closing SL 37500
For New Positions:
Buy Nifty: SL 16900 Tgt 17000, 17050, 17100, 17125, 17150, 17200, 17250
Aggressive Traders Sell Nifty in 17200-17300 range:
Strict SL 17350 Tgt 17150, 17125, 17100, 17050, 17000, 16950, 16925
For New Positions:
Buy BankNifty: SL 37000 Tgt 37500, 37600, 37750, 37950, 38025, 38200
Sell BankNifty 37950-38000 range:
SL 38200 Tgt 37750, 37600, 37500, 37425, 37375, 37325, 37225, 37050
F&O BAN
NEW IN BAN: NIL
ALREADY IN BAN: NIL
OUT OF BAN: NIL
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:05 AM IST