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Amid negative global markets, neutral foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral future and options (F&O) and neutral sentiment, the short-term trend of the Indian market will remain positive on Wednesday, September, 2022, said Zee Business Managing Editor Anil Singhvi.
Anil Singhvi’s strategy on Nifty, Bank Nifty on September 7, 2022
Nifty support zone is 17400-17475, below that 17225-17340 is a strong buy zone
Nifty higher zone is 17575-17650, above that 17690-17765 is a strong sell zone
Bank Nifty support zone is 39250-39425, below that 39050-39200 is a strong buy zone
Bank Nifty higher zone is 39800-39850, above that 39950-40050 is a profit booking zone
Nifty support levels 17540, 17500, 17475, 17400, 17350, 17325, 17225
Nifty higher levels 17575, 17600, 17650, 17690, 17750, 17775
Bank Nifty support levels 39550, 39425, 39325, 39250, 39200, 39050, 38925, 38850, 38800
Bank Nifty higher levels 39750, 39800, 39850, 39950, 40050, 40325
FIIs Index Long at 19% Vs 23%
PCR at 1.05 Vs 1.21
Bank Nifty PCR at 0.93 Vs 1.17
India VIX down by 1% at 19.53
For Existing Long Positions:
Nifty Intraday and Closing stoploss (SL) 17475
Bank Nifty Intraday SL 39200 and Closing SL 39300
For Existing Short Positions:
Nifty Intraday and Closing SL 17800
Bank Nifty Intraday SL 40100 n Closing SL 39800
For New Positions:
Sell Nifty:
SL 39875 Tgt 39425, 39325, 39250, 39200, 39050, 38925, 38850, 38800
Buy Nifty in 17325-17400 range:
SL 17200 Tgt 17450, 17475, 17500, 17540, 17575, 17600, 17650
For New Positions:
Sell BankNifty:
SL 39875 Tgt 39425, 39325, 39250, 39200, 38925, 38850, 38800
Buy BankNifty in 38925-39050 range:
SL 38750 Tgt 39200, 39250, 39300, 39400, 39550, 39600, 39650
Aggressive Traders Buy BankNifty in 39200-39325 range:
Strict SL 39000 Tgt 39425, 39550, 39600, 39650, 39800, 39850, 39950, 40050
F&O Ban Update:
Already In Ban: Delta Corp
New In Ban: Nil
Out Of Ban: Nil
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