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.  

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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