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Amid neutral global markets, negative Foreign Institutional Investors (FIIs), positive Domestic Institutional Investors (DIIs), neutral Future & Options (F&O) and neutral sentiment, the short-term trend of the Indian market will be negative on Thursday, June 20, said Zee Business Managing Editor Anil Singhvi.
Earlier, domestic equity benchmarks closed lower on Wednesday amid volatility in global markets. The broader Nifty50 gained 51 points to end at 15,799 and Sensex added 150 points to settle at 53,026.
Here is Anil Singhvi’s strategy on Nifty, Bank Nifty on June 30
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 33000-33125, below that 32650-32850 is a strong Buy zone
Bank Nifty higher zone: 33425-33500, Above that 33625-33825 strong Profit booking zone
Nifty support levels: 15750, 15700, 15675, 15650, 15625, 15550
Nifty higher levels: 15850, 15875, 15900, 15925, 15975, 16000
Bank Nifty support levels: 33200, 33125, 33000, 32925, 32850, 32750, 32650
Bank Nifty higher levels: 33425, 33500, 33625, 33725, 33800, 33900, 34000
FIIs Index Long at oversold levels at 16% Vs 25%, short covering expected
PCR at 1.05 Vs 0.98
India VIX up by 2% at 21.90
For Existing Long Positions:
Nifty Intraday stoploss (SL) 15650 and Closing SL 15700
Bank Nifty Intraday and Closing SL 33100
For Existing Short Positions:
Nifty Intraday SL 15950 and Closing SL 15850
Bank Nifty Intraday SL 33550 and Closing SL 33850
For New Positions:
Buy Nifty in 15675-15750 range:
SL 15550 Tgt 15800, 15850, 15875, 15900, 15925, 15975, 16000
Sell Nifty in 15850-15925 range:
SL 16000 Tgt 15800, 15750, 15700, 15675, 15650, 15625, 15550
For New Positions:
Buy BankNifty in 32650-32850 range:
SL 32600 Tgt 32925, 33000, 33125, 33200, 33300, 33400
Aggressive Traders Buy BankNifty in 33000-33200 range:
Strict SL 32850 Tgt 33300, 33425, 33500, 33625, 33700, 33750, 33825
Sell BankNifty in 33500-33725 range:
SL 33850 Tgt 33425, 33300, 33200, 33125, 33000, 32925, 32850, 32750, 32650
F&O Ban Update:
Out Of Ban: Delta Corp
Already In Ban: Sun TV
New In Ban: Nil
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