Anil Singhvi's Strategy on June 6: Support zone on Nifty is 15700-15800, Bank Nifty is 33525-33650

Amid positive global markets, positive Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), positive Future and Options (F&O), neutral sentiment, the short-term trend of the Indian market will remain negative on Wednesday, July 6, 2022.  

Earlier on Tuesday, the Indian market closed in the red with benchmark Nifty50 declining 0.15% to end at 15,810, while barometer Sensex dropped 100 points to settle at 53,134.  

Anil Singhvi's Strategy on Nifty, Ban Nifty on July 6, 2022   

Nifty support zone is 15700-15800, below that 15550-15650 is a strong buy zone 
 
Nifty higher zone is 15860-15925, above that 15975-16075 is a strong profit booking zone 
 

Bank Nifty support zone is 33525-33650, below that 33300-33425 is a strong buy zone 
 
Bank Nifty higher zone is 33950-34125, above that 34350-34475 is a strong profit booking zone 
 
Nifty support levels 15775, 15750, 15725, 15700, 15650, 15625, 15550 
 
Nifty higher levels 15830, 15850, 15890, 15925, 15975, 16000, 16025, 16075 
 
Bank Nifty support levels 33750, 33650, 33525, 33425, 33300, 33200, 33125 
 
Bank Nifty higher levels 33950, 34125, 34275, 34350, 34475, 34650 
 
FIIs Index Long at oversold levels at 16% Vs 14%, short covering expected 
PCR light and comfortable at 0.93 Vs 1.13 
India VIX down by 1% at 20.79 

For Existing Long Positions: 
 
Nifty Intraday and closing stoploss (SL) 15650 
Bank Nifty Intraday SL 33500 n Closing SL 33400 

For Existing Short Positions: 
 
Nifty Intraday SL 16050 and Closing SL 15925 
Bank Nifty Intraday and Closing SL 34000 

For New Positions: 
 
Buy Nifty in 15700-15800 range: 
SL 15625 Tgt 15830, 15850, 15890, 15925, 15975, 16000, 16025 
 
Aggressive Traders Sell Nifty in 15925-16025 range: 
Strict SL 16100 Tgt 15860, 15835, 15810, 15785, 15750, 15725, 15700, 15650 
 
For New Positions: 
 
Buy Bank Nifty in 33525-33750 range: 
SL 33400 Tgt 33825, 33950, 34125, 34275, 34350, 34475 
 
Sell Bank Nifty in 34150-34350 range: 
SL 34550 Tgt 34000, 33950, 33825, 33750, 33650, 33525 
 
No Stock in F&O Ban