Anil Singhvi’s Strategy September 27: Day support zone on Nifty is 17,775-17,825 & Bank Nifty is 37,500-37,675

Amid positive global markets, sentiment, neutral foreign institutional investors (FIIs), future & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Monday, September 27, 2021.

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Domestic equity markets scripted history as S&P BSE Sensex crossed the 60,000-mark and also closed above it for the first time on Friday, September 24, 2021. The S&P BSE Sensex gained 163.11 points, or 0.27 per cent, to settle at 60,048.47. The Nifty 50 index gained 30.25 points or 0.17 per cent and closed at a fresh closing peak of 17,853.20. The Bank Nifty rose 58.60 points, or 0.16 per cent, to close at 37,830.30.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for September 27:

Day support zone on Nifty is 17,775-17,825, below that 17,600-17,650 is a strong Buy zone.

Day higher zone on Nifty is 17,950-18,000, above that 18,075-18,125 is a Profit-booking zone.

Day support zone on Bank Nifty is 37,500-37,675, below that 37,250-37,400 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,000-38,100, above that 38,300-38,450 is a Profit-booking zone.

The small day range for trading on Nifty is 17,800-17,950, while the medium and bigger day ranges are 17,650-18,000 and 17,600-18,075, respectively.

The small day range for trading on Bank Nifty is 37,675-38,100, while the medium and bigger day ranges are 37,400-38,300 and 37,250-38,450, respectively.

FIIs Index long decreased to 60% Vs 61%

PCR comfortable at 1.27 Vs 1.46

India VIX up by 2% at 16.92

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,775.

Bank Nifty Intraday stop loss is 37,650 and Closing stop loss is 37500

For Existing Short Positions:

Nifty Intraday stop loss is 18,000 and Closing stop loss is 17,850.

Bank Nifty Intraday stop loss is 38,150 and Closing stop loss is 38,000.

For New Positions:

Buy Nifty with a stop loss of 17,775 and target 17,900, 17,950, 18,000, 18,075.

Aggressive Traders Sell Nifty near 18000 with a Strict stop loss of 18,100 and target 17,950, 17,900, 17,850, 17,825.

For New Positions:

Buy Bank Nifty with a Strict stop loss 37,650 and target 38,000, 38,100, 38,300, 38,450.

Aggressive Traders Sell Bank Nifty near 38,100 with Strict stop loss of 38,150 and target 38,000, 37,850, 37,775, 37,700.

F&O Ban Update:

New In Ban: SAIL, Zee Entertainment

6 Already In Ban: Canara Bank, Escorts, Vodafone-Idea, IRCTC, PNB, Indiabulls Housing Finance

Out Of Ban: Nil