Anil Singhvi's strategy on July 7: Support zone on Nifty is 15850-15925 and Bank Nifty is 33950-34150

Amid positive global markets, positive Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), cautious Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain neutral on Thursday, July 7, 2022, Zee Business Managing Editor Anil Singhvi.  

Earlier, the Indian market closed with more than one per cent gains on Thursday. Benchmark Nifty50 rose by 178.95 (1.13%) to 15,989.80, while the Sensex gained 616.62 (1.16%) to 53,750.97. Nifty midcap and smallcap indices gained 1.9% and 0.5% respectively in the broader market 

Anil Singhvi's strategy on Nifty, Bank Nifty on July 7, 2022

Nifty support zone is 15850-15925, below that 15725-15800 is a strong buy zone 
 
Nifty higher zone is 16075-16125, above that 16175-16240 is a strong profit booking zone 
 
Bank Nifty support zone is 33950-34150, below that 33750-33875 is a strong buy zone 
 

Bank Nifty higher zone is 34475-34650, above that 34750-34950 is a profit booking zone 
 
Nifty support levels 15925, 15890, 15860, 15835, 15810, 15775, 15750
 
Nifty higher levels: 16025, 16075, 16125, 16175, 16200, 16240, 16265 
 
Bank Nifty support levels: 34275, 34150, 33950, 33875, 33825, 33750 
 
Bank Nifty higher levels: 34475, 34650, 34750, 34825, 34950, 35000 
 
FIIs Index Long at 23% Vs 16% 
PCR at higher levels at 1.27 Vs 0.93, Profit booking expected at higher levels 
India VIX down by 2.5% at 20.27 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15800 
Bank Nifty Intraday SL 34000 and Closing SL 33800 

 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 16025 
Bank Nifty Intraday and Closing SL 34500 

For New Positions: 
 
Buy Nifty: 
SL 15900 Tgt 16025, 16075, 16125, 16175, 16200, 16240, 16265
 
Aggressive Traders Sell Nifty in 16175-16240 range: 
Strict SL 16350 Tgt 16125, 16075, 16025, 15975, 15925, 15890, 15860 
 
For New Positions: 
 
Buy BankNifty: 
SL 34000 Tgt 34475, 34650, 34750, 34825, 34950, 35000 
 
Aggressive Traders Sell BankNifty in 34650-34825 range: 
Strict SL 35000 Tgt 34500, 34400, 34325, 34275, 34150, 34000 
 
No Stock in F&O Ban