Anil Singhvi strategy on June 28: Support zone on Nifty is 15675-15750 and Bank Nifty is 33425-33625

Amid neutral global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Futures and Options (F&O) and positive sentiment, the short-term trend of the Indian stock market will be negative on Tuesday, June 28,2022, said Zee Business Managing Editor Anil Singhvi.  

Earlier, benchmark indices gained nearly one per cent as Nifty50 at 15,832 and the Sensex settled at 53,161. The support came from metal and IT stocks. Besides rally in the broader market also helped the benchmarks extend gains for the third session. Nifty midcap and smallcap ended with 1% and 1.6% gains respectively.  

Here is Anil Singhvi’s strategy on Nifty, Bank Nifty on May 28, 2022 

Nifty support zone is 15675-15750, below that 15550-15625 is a strong Buy zone 
 
Nifty higher zone is 15850-15925, above that 15975-16075 is a strong Profit booking zone 
 
Bank Nifty support zone is 33425-33625, below that 33125-33300 is a strong Buy zone 
 
Bank Nifty higher zone is 33900-34000, above that 34150-34350 is a strong Profit booking zone 
 
Nifty support levels: 15750, 15700, 15675, 15650, 15625, 15550 
 
Nifty higher levels: 15850, 15875, 15900, 15975, 16000, 16075 
 
Bank Nifty support levels: 33725, 33625, 33425, 33300, 33200, 33125 
 
Bank Nifty higher levels: 33825, 33900, 34000, 34150, 34350, 34475 
 
FIIs Index Long at 23% Vs 25% 
PCR at 1.03 Vs 1.04 
India VIX up by 2% at 21.01 

For Existing Long Positions: 
 
Nifty Intraday stoploss (SL) 15675 and Closing SL 15550 
Bank Nifty Intraday SL 33400 and Closing SL 33100 

For Existing Short Positions: 
 
Nifty Intraday SL 16000 and Closing SL 15850 
Bank Nifty Intraday SL 34200 and Closing SL 34000 

For New Positions: 
 
Buy Nifty in 15675-15750 range: 
SL 15550 Tgt 15800,  15850, 15875, 15925, 15975, 16000 
 
Sell Nifty in 15900-16000 range: 
SL 16100 Tgt 15850, 15825, 15750, 15700, 15675, 15650, 15625 
 
For New Positions: 
 
Buy BankNifty in 33425-33625 range: 
SL 33100 Tgt 33725, 33825, 33900, 34000, 34150, 34350 
 
Sell BankNifty in 34000-34175 range: 
SL 34350 Tgt 33900, 33825, 33750, 33625, 33425, 33300, 33200 
 
F&O Ban Update: 
Out Of Ban: IB Housing Finance, RBL Bank 
Already In Ban: Delta Corp, Sun TV 
New In Ban: Nil