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Amid negative global markets, negative foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral Future and Options (F&O), and neutral sentiment, the short-term trend of the domestic market will be positive on Thursday, September 22, 2022, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi’s strategy on Nifty, Bank Nifty on September 22, 2022
Nifty support zone 17425-17525, Below that 17300-17380 Strong Buy zone
Nifty higher zone 17650-17725, Above that 17775-17835 Profit booking zone
Bank Nifty support zone 40775-40900, Below that 40500-40700 Strong Buy zone
Bank Nifty higher zone 41150-41200, Above that 41400-41625 Profit booking zone
Nifty support levels 17625, 17600, 17575, 17525, 17500, 17475, 17425, 17400
Nifty higher levels 17765, 17700, 17725, 17775, 17800, 17825
Bank Nifty support levels 40900, 40775, 40700, 40575, 40500, 40375, 40275, 40200
Bank Nifty higher levels 41150, 41200, 41400, 41475, 41625, 41675
FIIs Index Long at 34% Vs 39%
PCR at 0.95 Vs 1.15
BankNifty PCR at 0.89 Vs 1.07
India VIX up by 3% at 19.33
For Existing Long Positions:
Nifty Intraday SL 17500 n Closing SL 17400
BankNifty Intraday SL 40500 n Closing SL 40750
For Existing Short Positions:
Nifty Intraday n Closing SL 17850
BankNifty Intraday n Closing SL 41500
For New Positions:
Sell Nifty only if No Big Gap-down at Open:
SL 17850 Tgt 17625, 17600, 17575, 17525, 17500, 17475, 17425
Aggressive Traders Buy Nifty in 17425-17525 range:
Strict SL 17300 Tgt 17575, 17600, 17625, 17665, 17690, 17725, 17775, 17825
For New Positions:
Sell BankNifty only if No Big Gap-down at Open:
SL 41500 Tgt 40900, 40775, 40700, 40575, 40500
Buy BankNifty in 40500-40700 range:
SL 40200 Tgt 40775, 40900, 41150, 41200, 41400, 41500
Total 6 Stocks in F&O Ban:
New In Ban: Ambuja Cement, Canfin homes
Out Of Ban: India Cement
Already In Ban: Escorts, Delta Corp, PVR, RBL Bank
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