Anil Singhvi's strategy July 14: Support zone on Nifty is 15850-15925, Bank Nifty is 34550-34750
Amid negative global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), positive Future and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain neutral on Thursday
![Anil Singhvi's strategy July 14: Support zone on Nifty is 15850-15925, Bank Nifty is 34550-34750 Anil Singhvi's strategy July 14: Support zone on Nifty is 15850-15925, Bank Nifty is 34550-34750](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/07/14/189661-anil-siamam.jpg?itok=GedCJLbD&c=63042c9aca95a830dba57e54141af7d4)
Amid negative global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), positive Future and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain neutral on Thursday, said Zee Business Managing Editor Anil Singhvi.
Earlier on Wednesday, the broader Nifty50 declined 0.57% to slip below 16000-mark to 15,966.65, while the Sensex dropped by 372.46 points or 0.69% to 53,514.15. Nifty Midcap and Smallcap witnessed some buying interest as the indices ended with marginal gains of 0.16% and 0.22% respectively on Wednesday.
Anil Singhvi Strategy on Nifty, Bank Nifty on July 14
Nifty support zone is 15850-15925, below that 15725-15800 is a strong buy zone
Nifty higher zone is 16050-16100, above that 16150-16225 is a strong profit booking zone
Bank Nifty support zone is 34550-34750, below that 34325-34400 is a strong buy zone
Bank Nifty higher zone is 35000-35125, above that 35250-35425 is a profit booking zone
Nifty support levels 15925, 15900, 15850, 15800, 15775, 15750, 15725, 15700
Nifty higher levels 16000, 16025, 16050, 16100, 16150, 16220, 16240, 16265
Bank Nifty support levels 34750, 34650, 34550, 34400, 34325, 34275, 34150, 34000
Bank Nifty higher levels 34925, 35000, 35125, 35250, 35300, 35425, 35475, 35550
FIIs Index Long at 19% Vs 20%
PCR light & comfortable at 0.78 Vs 0.85
India VIX unchanged at 18.52
For Existing Long Positions:
Nifty Intraday 15900 and closing stoploss (SL) 15800
Bank Nifty Intraday 34700 and closing SL 34300
For Existing Short Positions:
Nifty Intraday 16075 and Closing SL 16225
Bank Nifty Intraday and Closing SL 35150
For New Positions:
Buy Nifty in 15800-15850 range:
SL 15700 Tgt 15925, 15975, 16025, 16075, 16100, 16150
Aggressive Traders Buy Nifty
Strict SL 15900 Tgt 16000, 16025, 16050, 16100, 16150, 16220
Sell Nifty in 16125-16200 range:
SL 16300 Tgt 16050, 16025, 15975, 15925, 15900, 15850, 15800
For New Positions:
Buy BankNifty in 34400-34550 range:
SL 34275 Tgt 34650, 34750, 34825, 34925, 34975, 35050
Aggressive Traders Buy BankNifty
Strict SL 34700 Tgt 34925, 35000, 35125, 35250, 35300, 35425, 35475, 35550
Sell BankNifty in 35250-35425 range:
SL 35550 Tgt 35175, 35125, 35050, 34975, 34925, 34825, 34750, 34550
F&O BAN
NEW IN BAN
NIL
ALREADY IN BAN
DELTA CORP
OUT OF BAN
NIL
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