Anil Singhvi's strategy on Sept 9: Support zone on Nifty is 17650-17690, Bank Nifty is 39950-40075
Amid positive global markets, positive foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future and options (F&O) and positive sentiment, the short-term trend of the Indian market will remain positive on Friday.
![Anil Singhvi's strategy on Sept 9: Support zone on Nifty is 17650-17690, Bank Nifty is 39950-40075 Anil Singhvi's strategy on Sept 9: Support zone on Nifty is 17650-17690, Bank Nifty is 39950-40075](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/09/09/199455-amsjabs.jpg?itok=rsMwBMpo&c=f86d4adffc40f738dfb78122945221a4)
Amid positive global markets, positive foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), neutral future and options (F&O) and positive sentiment, the short-term trend of the Indian market will remain positive on Friday, September 9, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi's strategy on Nifty, Bank Nifty on September 9, 2022
Nifty support zone is 17650-17690, below that 17540-17625 is a strong buy zone
Nifty higher zone is 17950-18000, above that 18050-18100 is a profit booking zone
Bank Nifty support zone is 39950-40075, below that 39600-39800 is a strong buy zone
Bank Nifty higher zone is 40325-40500, above that 40750-40875 is a profit booking zone
Nifty support levels 17760, 17690, 17650, 17625, 17600, 17540
Nifty higher levels 17825, 17850, 17900, 17950, 17975, 18000, 18050, 18100
Bank Nifty support levels 40075, 39950, 39850, 39800, 39700, 39600, 39550
Bank Nifty higher levels 40325, 40500, 40600, 40750, 40825, 40875, 41000
FIIs Index Long at 20% Vs 19%
PCR at 1.07 Vs 1.05
BankNifty PCR at 0.80 Vs 0.93
India VIX down by 1% at 19.37
For Existing Long Positions:
Nifty Intraday SL 17650 and Closing SL 17540
Bank Nifty Intraday SL 39950 and Closing SL 39800
For Existing Short Positions:
Nifty Intraday and Closing SL 18000
Bank Nifty Intraday n Closing SL 40500
For New Positions:
Buy Nifty:
SL 17650 Tgt 17850, 17900, 17950, 17975, 18000, 18050
Aggressive Traders Sell Nifty in 17950-18050 range:
Strict SL 18100 Tgt 17900, 17850, 17825, 17800, 17765, 17690, 17650
For New Positions:
Buy Bank Nifty:
SL 39950 Tgt 40325, 40500, 40600, 40750, 40825, 40875, 41000
Sell Bank Nifty in 40750-40875 range:
SL 41000 Tgt 40600, 40500, 40325, 40275, 40200, 40075, 39950
F&O Ban Update:
Already In Ban: Delta Corp
New In Ban: Nil
Out Of Ban: Nil
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