Anil Singhvi Strategy on June 24: Support zone on Nifty is 15350-15425 and Bank Nifty is 32650-32850

Amid positive global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will be negative on Friday, June 24, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, the Indian market closed on a strong note on Friday. Benchmarks Nifty50 and Sensex gained 0.93% and 0.86% respectively to end at 15,556 and 52,265 on Thursday.  

Here is Anil Singhvi's strategy on Nifty and Bank Nifty on June 24.  

 
Nifty support zone is 15350-15425, below that 15175-15300 is a strong Buy zone 
 
Nifty higher zone is 15625-15700, above that 15735-15875 is a strong Profit booking zone 
 
Bank Nifty support zone is 32650-32850, below that 32300-32425 is a strong Buy zone 
 
Bank Nifty higher zone is 33425-33625, above that 33775-33900 is a strong Profit booking zone 
 
Nifty support levels 15500, 15425, 15375, 15350, 15300, 15200 
 
Nifty higher levels 15625, 15650, 15675, 15700, 15735, 15775, 15850, 15900 
 
Bank Nifty support levels 32925, 32850, 32800, 32750, 32700, 32625, 32425, 32300 
 
Bank Nifty higher levels 33200, 33300, 33425, 33550, 33625, 33775, 33900, 34000 
 
FIIs Index Long at 24% Vs 21% 
PCR at 1.03 Vs 0.81 
India VIX down by 2% at 20.88 

 
For Existing Long Positions: 
 
Nifty Intraday and Closing stoploss (SL) 15275 
Bank Nifty Intraday and Closing SL 32600 

 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 15800 
Bank Nifty Intraday and Closing SL 33650 

For New Positions: 
 
Buy Nifty in 15350-15425 range: 
SL 15275 Tgt 15500, 15550, 15600, 15625, 15650, 15675, 15700 
 
Aggressive Traders Buy Nifty: 
Strict SL 15350 Tgt 15625, 15650, 15675, 15700, 15735, 15775, 15850, 15900 
 
Aggressive Traders Sell Nifty in 15675-15775 range: 
Strict SL 15900 Tgt 15625, 15550, 15500, 15425, 15375, 15350 
 
For New Positions: 
 
Buy BankNifty in 32650-32850 range: 
SL 32500 Tgt 32925, 33100, 33200, 33300, 33350, 33400 
 
Aggressive Traders Buy BankNifty: 
Strict SL 32900 Tgt 33300, 33400, 33550, 33600, 33775, 33900, 34000 
 
Aggressive Traders Sell BankNifty in 33425-33625 range: 
Strict SL 33700 Tgt 33300, 33200, 33125, 32925, 32850, 32800, 32750, 32700, 32650 
 
F&O Ban Update: 
New In Ban: Delta Corp 
Already In Ban: Sun TV, IB Housing Finance, RBL Bank 
Out Of Ban: Nil