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

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Earlier, the market ended higher by 0.2% on Friday. The broader Nifty50 ended at 17,698.15 after gaining 39.15 points, while the Sensex rose by 130.18 points to settle at 59,462.78.  

Anil Singhvi Singhvi's strategy on Nifty, Bank Nifty on August 16 

Nifty support zone is 17650-17700, below that 17525-17600 is a strong buy zone 
 
Nifty higher zone is 17850-17900, above that 17950-18050 is a profit booking zone 
 
Bank Nifty support zone is 38875-38925, below that 38650-38750 is a strong buy zone 
 
Bank Nifty higher zone is 39325-39425, above that 39575-39750 is a profit booking zone 
 
Nifty support levels 17725, 17700, 17650, 17625, 17600, 17525, 17500 
 
Nifty higher levels 17775, 17800, 17850, 17900, 17950, 18000, 18050 
 
Bank Nifty support levels 38925, 38875, 38825, 38750, 38650, 38500 
 
Bank Nifty higher levels 39200, 39275, 39325, 39425, 39500, 39575, 39675, 39750 
 
FIIs Index Long at 58% Vs 55%  
PCR at 1.24 Vs 1.38 
India VIX down by 4% at 17.61 
 
For Existing Long Positions: 
 
Nifty Intraday stoploss (SL) 17600 and Closing SL 17500 
BankNifty Intraday SL 38725 and Closing SL 38650 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 17800 
BankNifty Intraday and Closing SL 39200 

For New Positions: 
 
Buy Nifty: 
SL 17600 Tgt 17775, 17800, 17850, 17900, 17950, 18000, 18050 
 
Sell Nifty in 17900-18000 range: 
SL 18100 Tgt 17850, 17800, 17775, 17725, 17700, 17650, 17600 
 
For New Positions: 
 
Buy BankNifty: 
SL 38725 Tgt 39200, 39275, 39325, 39425, 39500, 39575, 39675, 39750 
 
Aggressive Traders Sell BankNifty in 39500-39675 range: 
Strict SL 39750 Tgt 39425, 39325, 39275, 39200, 39075, 38925, 38875, 38750 
 
F&O Ban Update: 
New In Ban: Tata Chemicals 
Already In Ban: Balrampur Chini, Delta Corp 
Out Of Ban: Nil 
 
Syrma SGS Technology IPO Preview: 
RISK TAKING INVESTORS APPLY FOR LONG TERM   
 
Positives: 
Experienced and quality management 
Strong growth outlook 
 
Negatives: 
Downtrend in margins 
Reasonable valuations, not very attractive