Anil Singhvi's strategy July 21: Support zone on Nifty is 16425-16475, Bank Nifty is 35725-35875
Amid neutral global markets, positive Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Thursday
Amid neutral global markets, positive Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will be neutral on Thursday, July 21, 2022, said Zee Business Managing Editor Anil Singhvi.
Earlier, extending the rally for the fourth day, the Nifty50 gained 1.1% (180.30 points) to close at 16,520.85, while the Sensex added 629.91 points (1.15%) to settle at 55,397.53 on Wednesday.
Anil Singhvi's strategy on Nifty, Bank Nifty on July 21, 2022
Nifty support zone is 16425-16475, below that 16275-16350 is a strong buy zone
Nifty higher zone is 16575-16650, above that 16700-16750 is a profit booking zone
Bank Nifty support zone is 35725-35875, below that 35400-35550 is a strong buy zone
Bank Nifty higher zone is 36175-36275, above that 36350-36500 is a profit booking zone
Nifty support levels 16490, 16450, 16425, 16350, 16275, 16225
Nifty higher levels 16575, 16600, 16650, 16700, 16750, 16800
Bank Nifty support levels 35875, 35825, 35750, 35625, 35550, 35475, 35400
Bank Nifty higher levels 36075, 36175, 36275, 36350, 36400, 36500
FIIs Index Long at 28% Vs 21%
PCR near overbought level at 1.4 Vs 1.35, Profit booking accepted at higher level
India VIX down 2.25% by at 16.82
For Existing Long Positions:
Nifty Intraday and Closing stoploss (SL) 16325
Bank Nifty Intraday SL 35850 and Closing SL 35700
For Existing Short Positions:
Nifty Intraday and Closing SL 16600
BankNifty Intraday and Closing SL 36200
For New Positions:
Buy Nifty in 16350-16450 range:
SL 16275 Tgt 16490, 16525, 16575, 16600, 16650, 16700, 16750
Sell Nifty in 16575-16650 range:
SL 16800 Tgt 16525, 16500, 16450, 16425, 16350, 16275, 16225
For New Positions:
Buy Bank Nifty in 35400-35550 range:
SL 35275 Tgt 35625, 35725, 35825, 35875, 35975
Aggressive Traders Buy BankNifty in 35725-35875 range:
Strict SL 35675 Tgt 35975, 36075, 36175, 36275, 36350, 36400, 36500
Aggressive Traders Sell BankNifty 36175-36350 range:
Strict SL 36500 Tgt 36100, 36000, 35950, 35875, 35825, 35750, 35625, 35550
F&O BAN
NEW IN BAN
NIL
ALREADY IN BAN
DELTA CORP
OUT OF BAN
NIL
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