Anil Singhvi Strategy on July 13: Support zone on Nifty is 15975-16025, Bank Nifty is 34925-35025

Amid negative global markets, negative Foreign Institutional Investors (FIIs), neutral Domestic Institutional Investors (DIIs), positive Future and Options and neutral sentiment, the short-term trend of the Indian market will remain neutral on Wednesday, July 13, 2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, the Indian market continued its weakness for the second day as benchmark indices closed nearly one per cent lower each on Tuesday. The Sensex declined 508.62 points or 0.94% to end at 53,886.61, while the broader Nifty50 settled with 0.97% cuts or lower by 157.70 points at 16,058.30  

Anil Singhvi’s Strategy on Nifty, Bank Nifty on July 13, 2022 

Nifty support zone is 15975-16025, below that 15800-15850 is a strong buy zone 

Nifty higher zone is 16125-16200, above that 16225-16275 is a strong Profit booking zone 

Bank Nifty support zone is 34925-35025, below that 34400-34550 is a strong Buy zone 

Bank Nifty higher zone is 35425-35550, above that 35625-35825 is a Profit booking zone 

Nifty support levels 16025, 16000, 15975, 15925, 15850, 15800 

Nifty higher levels 16100, 16125, 16150, 16215, 16240, 16265, 16300 

Bank Nifty support levels 35025, 34975, 34925, 34825, 34750, 34650, 34550, 34400 

Bank Nifty higher levels 35250, 35350, 35425, 35475, 35550, 35625, 35750 

FIIs Index Long at 20% Vs 26% 

PCR light & comfortable at 0.85 Vs 1.21 

India VIX changed UP 1% at 18.55, 

For Existing Long Positions: 

Nifty Intraday and closing stoploss SL 15975 

Bank Nifty Intraday and Closing SL 34900 

For Existing Short Positions: 

Nifty Intraday and Closing SL 16300 

Bank Nifty Intraday and Closing SL 35600 

For New Positions: 

Buy Nifty in 15800-15850 range: 

SL 15700 Tgt 15925, 15975, 16025, 16075, 16100, 16150 

Aggressive Traders Buy Nifty 

Strict SL 15975 Tgt 16100, 16125, 16150, 16215, 16240, 16265 
Sell Nifty in 16200-16275 range: 

SL 16350 Tgt 16160, 16135, 16115, 16060, 16015, 15925 

For New Positions: 

Buy BankNifty in 34400-34550 range: 

SL 34275 Tgt 34650, 34750, 34825, 34925, 34975, 35050 
 

Aggressive Traders Buy BankNifty in 34925-35050 range: 

Strict SL 34875 Tgt 35125, 35175, 35250, 35350, 35425, 35475, 35550 

Sell BankNifty in 35425-35525 range: 
SL 35650 Tgt 35350, 35275, 35175, 35125, 35050, 34975, 34925 

No Stock in F&O Ban