Anil Singhvi's strategy on Sept 16: Support Zone on Nifty is 17690-17765, Bank Nifty is 40700-40900

Amid negative global markets, negative foreign institutional investors (FII), negative domestic institutional investors (DII), neutral future and options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Friday, said Zee Business Managing Editor Anil Singhvi. 

Anil Singhvi's strategy on Nifty, Bank Nifty on September 16, 2022 
 
Nifty support zone is 17690-17765, below that 17540-17650 is a strong buy zone 
 
Nifty higher zone is 17935-17975, above that 18000-18090 is a profit booking zone 
 
Bank Nifty support zone is 40700-40900, below that 40425-40575 is a strong Buy zone 
 
Bank Nifty higher zone is 41400-41625, above that 41825-41975 is a profit booking zone 
 
Nifty support levels 17835, 17800, 17765, 17690, 17650, 17625, 17575, 17540 
 
Nifty higher levels 17890, 17935, 17975, 18000, 18070, 18090, 18125 
 
Bank Nifty support levels 41000, 40900, 40825, 40700, 40575, 40425, 40375, 40275 
 
Bank Nifty higher levels 41250, 41400, 41500, 41625, 41825, 41975 
 
FIIs Index Long at 24% Vs 28%  
PCR at 1.09 Vs 1.20 
BankNifty PCR at 0.96 Vs 1.46 
India VIX unchanged at 18.39 

For Existing Long Positions: 
 
Nifty Intraday and Closing SL 17750 
Bank Nifty Intraday SL 41000 n Closing SL 40850 
 
For Existing Short Positions: 
 
Nifty Intraday and losing SL 18125 
Bank Nifty Intraday and Closing SL 41850 

For New Positions: 
 
Buy Nifty in 17625-17700 range: 
SL 17525 Tgt 17765, 17800, 17835, 17875, 17890, 17935, 17975, 18000 
 
Sell Nifty in 17975-18075 range: 
SL 18150 Tgt 17935, 17900, 17875, 17835, 17800, 17765, 17700, 17650 
 
For New Positions: 
 
Buy BankNifty in 40275-40425 range: 
SL 40200 Tgt 40575, 40675, 40750, 40825, 40875, 40925 
 
Aggressive Traders Buy BankNifty in 40700-40900 range: 
Strict SL 40650 Tgt 41000, 41150, 41200, 41250, 41400, 41500, 41625, 41825 
 
Sell BankNifty in 41625-41825 range: 
SL 42000 Tgt 41500, 41400, 41200, 41150, 41050, 40900, 40700, 40575 
 
F&O Ban Update: 
Out Of Ban: Delta Corp 
Already In Ban: RBL Bank, IB Housing Finance 
New In Ban: Nil