Anil Singhvis strategy on Sept 6: Support zone on Nifty is 17540-17600 and Bank Nifty is 39425-39550
Amid neutral global markets, neutral foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral future and options (F&O) and positive sentiment, the short-term trend of the indian market will remain positive on Tuesday
Amid neutral global markets, neutral foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral future and options (F&O) and positive sentiment, the short-term trend of the indian market will remain positive on Tuesday, September 6, 2022, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi’s strategy on Nifty, Bank Nifty on September 6, 2022
Nifty support zone is 17540-17600, Below that 17400-17475 is a strong buy zone
Nifty higher zone is 17690-17760, above that 17800-17850 is a profit booking zone
Bank Nifty support zone is 39425-39550, below that 39200-39325 is a strong buy zone
Bank Nifty higher zone is 39950-40050, above that 40325-40500 is a profit booking zone
Nifty support levels 17600, 17575, 17540, 17525, 17500, 17475, 17400
Nifty higher levels 17690, 17750, 17775, 17800, 17850, 17900
Bank Nifty support levels 39675, 39600, 39550, 39425, 39325, 39250, 39200, 39050
Bank Nifty higher levels 39850, 39950, 40050, 40325, 40500, 40600
FIIs Index Long at 23% Vs 19%
PCR at 1.21 Vs 1.04
Bank Nifty PCR at 1.17 Vs 0.96
India VIX unchanged at 19.66
For Existing Long Positions:
Nifty Intraday n Closing SL 17475
Bank Nifty Intraday and closing stoploss (SL) 39300
For Existing Short Positions:
Nifty Intraday and Closing SL 17800
Bank Nifty Intraday and Closing SL 40050
For New Positions:
Buy Nifty in 17475-17550 range:
SL 17400 Tgt 17575, 17600, 17650, 17690, 17750, 17775, 17800, 17850
Sell Nifty in 17750-17850 range:
SL 17950 Tgt 17700, 17675, 17650, 17600, 17575, 17550, 17500, 17475
For New Positions:
Buy BankNifty in 39425-39625 range:
SL 39200 Tgt 39675, 39750, 39800, 39850, 39950, 40050, 40325, 40500
Sell Bank Nifty in 40325-40500 range:
SL 40600 Tgt 40050, 39950, 39875, 39800, 39750, 39675, 39600, 39550
Aggressive Traders Sell BankNifty in 39950-40050 range:
Strict SL 40125 Tgt 39875, 39800, 39750, 39675, 39600, 39550, 39425, 39325
F&O Ban Update:
Already In Ban: Delta Corp
New In Ban: Nil
Out Of Ban: Nil
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