Anil Singhvi’s Strategy June 22: Day support zone on Nifty is 15,650-15,700 & Bank Nifty is 34,400-34,600

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Amid positive global markets, sentiment, negative foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs) and futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, June 22, 2021. 

See Zee Business Live TV Streaming Below:

Domestic stock markets erased the steep losses logged in the morning trade amid broad-based buying and closed in the green on Monday, June 21, 2021. The S&P BSE Sensex rose 230.01 points or 0.44 per cent to close at 52,574.56. The Nifty 50 index gained 63.15 points or 0.40 per cent and closed at 15,754.50. The Nifty Bank index settled at 313.30 points up 313.30 points or 0.01 per cent. 

In the broader market, both the BSE Midcap index and the Smallcap index advanced 0.8 per cent, each.  

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 22:  

Day support zone on Nifty is 15,650-15,700, below that 15,575-15,600 is a strong Buy zone.

Day higher zone on Nifty is 15,800-15,825, above that 15,875-15,900 is a strong Profit-booking zone.

 

Day support zone on Bank Nifty is 34,400-34,600, below that 33,950-34,150 is a strong Buy zone. 

Day higher zone on Bank Nifty is 35,050-35,150, above that 35,300-35,375 is a strong Profit-booking zone. 

 

The small day range for trading on Nifty is 15,700-15,800, while the medium and bigger day ranges are 15,650-15,825 and 15,575-15,875, respectively.

The small day range for trading on Bank Nifty is 34,600-35,150, while the medium and bigger day ranges are 34,400-35,300 and 34,150-35,375, respectively.

 

FIIs Index long position at 65% Vs 68%.

PCR at 1.22 Vs 1.18.

India VIX up by 2% at 15.06.

 

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,575.

BankNifty intraday and closing stop loss are 34,375. 

 

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,900.

BankNifty intraday stop loss is 35,050 and closing stop loss is 35,300.

 

For New Positions:

Buy Nifty with a stop loss of 15,575 and target 15,800, 15,825, 15,875, 15,900.

Sell Nifty in 15,875-15,900 range with a stop loss of 16,000 and target 15,825, 15,800, 15,750, 15,700.

 

For New Positions:

Buy BankNifty with a stop los of 34,500 and target 35,000, 35,050, 35,150, 35,250, 35,300, 35,375, 35,450.

Sell BankNifty in 35,300-35,450 range with a stop loss of 35,650 and target 35,150, 35,050, 35,000, 34,925, 34,800.

 

F&O Ban Update:

New in Ban: Vodafone Idea

Out of Ban: BHEL, PNB, Adani Ports

Already in Ban: Sun TV



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