Amid negative global markets, neutral Foreign Institutional Investors (FIIs), negative Domestic Institutional Investors (DIIs), neutral Future and Options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Monday, August 22, said Zee Business Managing Editor Anil SInghvi. 

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Earlier, snapping 7-day gaining streak, the broader Nifty50 ended at 17,758.45, lower by 198.05 or (1.1%), while the Sensex declined by 651.85 or (1.08%) to settle at 59,646.15 on Friday.  

Anil Singhvi's strategy on Nifty50 and Bank Nifty on August 22, 2022  

Nifty support zone is 17525-17650; below that 17350-17450 is a strong buy zone 
 
Nifty higher zone is 17750-17825, above that 17850-17950 is a strong sell zone 
 
Bank Nifty support zone is 38650-38750, below that 38225-38300 is a strong buy zone 
 
Bank Nifty higher zone is 39125-39250, above that 39450-39650 is a strong Sell zone 
 
Nifty support levels 17700, 17650, , 17625, 17600, 17525, 17450, 17400 
 
Nifty higher levels 17800, 17825, 17850, 17900, 17950, 17975 
 
Bank Nifty support levels 38850, 38750, 38650, 38500, 38400, 38300, 38225 
 
Bank Nifty higher levels 39025, 39125, 39200, 39250, 39325, 39450, 39500 
 
FIIs Index Long at 48% Vs 53%  
PCR light and comfortable at 0.88 Vs 1.36 
India VIX up by 5% at 18.29 
 
For Existing Long Positions: 
 
Nifty Intraday stoploss (SL) 17600 and Closing SL 17500 
Bank Nifty Intraday and Closing SL 38825 
 
For Existing Short Positions: 
 
Nifty Intraday SL 17850 n Closing SL 17950 
Bank Nifty Intraday SL 39250 and Closing SL 39450 
 
For New Positions: 
 
Sell Nifty: 
SL 17850 Tgt 17700, 17650, 17625, 17600, 17525, 17450, 17400 
 
Aggressive Traders Buy Nifty in 17525-17650 range: 
Strict SL 17400 Tgt 17700, 17725, 17750, 17775, 17800, 17825, 17850 
 
For New Positions: 
 
Sell BankNifty: 
SL 39250 Tgt 38850, 38750, 38650, 38500, 38400, 38300, 38225 
 
Buy BankNifty in 38225-38300 range: 
SL 38150 Tgt 38400, 38500, 38650, 38750, 38850, 38925 
 
Aggressive Traders Buy BankNifty in 38650-38750 range: 
Strict SL 38500 Tgt 38850, 38925, 38975, 39025, 39125, 39200, 39250, 39450 
 
F&O Ban Update: 
New In Ban: Tata Chemicals 
Already In Ban: Balrampur Chini, Delta Corp 
Out Of Ban: Nil