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Amid neutral global markets, neutral Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures & Options and neutral sentiment, the short-term trend of the Indian market will be negative on Thursday, June 23, said Zee Business Managing Editor Anil Singhvi.
Earlier, the Indian market closed negative amid volatility on Wednesday. The Nifty50 declined 1.44% or 225 points to end at 15,413 and the Sensex ended with cuts of more than 700 points or 1.37% to settle at 51,822.
Here is Anil Singhvi’s strategy on Nifty, Bank Nifty for June 23, 2022
Nifty support zone is 15350-15425; below that 15175-15300 is a strong Buy zone
Nifty higher zone is 15500-15575, above that 15625-15700 is a strong Profit booking zone
Bank Nifty support zone is 32550-32750, below that 32300-32425 is a strong Buy zone
Bank Nifty higher zone is 33100-33200, above that 33300-33600 is a strong Profit booking zone
Nifty support levels: 15425, 15375, 15350, 15300, 15200, 15175
Nifty higher levels: 15500, 15550, 15600, 15625, 15675, 15700, 15735, 15775
Bank Nifty support levels: 32800, 32750, 32700, 32625, 32550, 32425, 32300
Bank Nifty higher levels: 32925, 33100, 33200, 33300, 33350, 33400, 33550, 33600
FIIs Index Long still lower at 21% Vs 22%
PCR light and comfortable at 0.81 Vs 1.08
India VIX unchanged at 21.30
For Existing Long Positions:
Nifty Intraday and Closing stoploss (SL) 15275
Bank Nifty Intraday and Closing SL 32600
For Existing Short Positions:
Nifty Intraday and Closing SL 15800
Bank Nifty Intraday and Closing SL 33625
For New Positions:
Buy Nifty in 15200-15350 range:
SL 15150 Tgt 15425, 15500, 15550, 15600, 15650, 15675
Aggressive Traders Buy Nifty:
SL 15350 Tgt 15500, 15550, 15600, 15625, 15675, 15700, 15735, 15775
Sell Nifty in 15550-15700 range:
SL 15800 Tgt 15500, 15425, 15375, 15350, 15300, 15200
For New Positions:
Buy BankNifty in 32425-32625 range:
SL 32250 Tgt 32700, 32750, 32800, 32850, 32925, 33100, 33200
Aggressive Buy BankNifty:
Strict SL 32600 Tgt 32925, 33100, 33200, 33300, 33350, 33400, 33550, 33600
Sell BankNifty in 33100-33400 range:
SL 33625 Tgt 32925, 32800, 32750, 32625, 32550, 32425, 32300
F&O Ban Update:
New In Ban: Sun TV
Already In Ban: IB Housing Finance, RBL Bank
Out Of Ban: Nil
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