[ad_1]
Amid positive global markets, neutral Foreign Institutional Investors (FIIs), Domestic Institutional Investors (FIIs), Future and Options (F&O) and positive sentiment, the short-term trend of the Indian market will remain neutral on Thursday, August 4, 2022, said Zee Business Managing Editor Anil Singhvi.
Earlier on Wednesday, the Indian markets extended their winning streak the sixth day in a row despite a volatile session. The Nifty50 gained by 42.7 points (0.25%) to 17,388.15, while the Sensex surged 214.17 points or 0.37% to 58,350.53 levels.
Anil Singhvi’s strategy on Nifty, Bank Nifty on August 4, 2022
Nifty support zone 17300-17350, Below that 17150-17225 Strong Buy zone
Nifty higher zone 17475-17525, Above that 17600-17675 Profit booking zone
Bank Nifty support zone 37625-37750, Below that 37425-37500 Strong Buy zone
Bank Nifty higher zone 38350-38500, Above that 38600-38750 Profit booking zone
Nifty support levels 17390, 17350, 17300, 17225, 17175, 17150
Nifty higher levels 17450, 17475, 17525, 17600, 17650, 17675, 17775
Bank Nifty support levels 37900, 37750, 37700, 37625, 37500, 37425
Bank Nifty higher levels 38175, 38350, 38400, 38500, 38600, 38750, 38825, 38875
FIIs Index Long at 55% Vs 57%
PCR at 1.28 Vs 1.38
India VIX unchanged at 18.45
For Existing Long Positions:
Nifty Intraday SL 17200 n Closing SL 17300
BankNifty Intraday n Closing SL 37600
For Existing Short Positions:
Nifty Intraday SL 17525 n Closing SL 17400
BankNifty Intraday n Closing SL 38200
For New Positions:
Buy Nifty:
SL 17300 Tgt 17450, 17475, 17525, 17600, 17650, 17675
Sell Nifty in 17600-17675 range:
SL 17775 Tgt 17525, 17475, 17450, 17400, 17350, 17300, 17225
For New Positions:
Buy BankNifty:
SL 37600 Tgt 38175, 38350, 38400, 38500, 38600, 38750
Sell BankNifty in 38500-38750 range:
SL 38825 Tgt 38400, 38350, 38200, 38050, 37950, 37900, 37750, 37700
F&O Ban Update:
Already In Ban: Escorts
New In Ban: Nil
Out Of Ban: Nil
[ad_2]
Source link
