Anil Singhvi's strategy 14 Sept: Nifty support zone is 17765-17835, Bank Nifty is 40075-40200

Amid negative global cues, led by the biggest fall in the US market since June 2020, positive foreign institutional investors (FIIs), negative domestic institutional investors (DIIs), negative future and options (F&O) and cautious sentiment, the short-term trend of the Indian market will remain positive on Wednesday, said Zee Business Managing Editor Anil Singhvi.  

Anil Singhvi's strategy on Nifty, Bank Nifty on September 14, 2022 
 
Nifty support zone is 17765-17835 and 17650-17690, below that 17540-17625 is a strong buy zone 
 
Nifty higher zone is 17890-17925, above that 17975-18075 is a strong sell zone 
 
Bank Nifty support zone is 40075-40200 and 39600-39800, below that 39250-39450 is a strong buy zone 
 
Bank Nifty higher zone is 40425-40575, above that 40675-40875 is a strong sell zone 
 
Nifty support levels 17835, 17800, 17765, 17700, 17650, 17625, 17575, 17540 
 
Nifty higher levels 17890, 17925, 17975, 18000, 18075 
 
Bank Nifty support levels 40275, 40200, 40075, 39950, 39800, 39700, 39575, 39450 
 
Bank Nifty higher levels 40375, 40425, 40575, 40675, 40750, 40825, 40875 
 
FIIs Index Long at 35% Vs 25%  
PCR near overbought level at 1.39 Vs 1.18 
Bank Nifty PCR at 1.20 Vs 1.05 
India VIX down by 3% at 17.47 

For Existing Long Positions: 
 
Nifty Intraday and Closing SL 17750 
Bank Nifty Intraday and Closing SL 40175 
 
For Existing Short Positions: 
 
Nifty Intraday and Closing SL 18000 
Bank Nifty Intraday and Closing SL 40900   

For New Positions: 
 
Sell Nifty if No Big Gap-down at Open: 
SL 18000 Tgt 17800, 17765, 17700, 17650, 17625, 17575, 17540 
 
Buy Nifty in 17540-17650 range: 
SL 17475 Tgt 17690, 17760, 17790, 17825, 17890, 17925 
 
For New Positions:  
Sell BankNifty if No Big Gap-down at Open: 
SL 40600 Tgt 40275, 40200, 40075, 39950, 39800, 39700, 39575, 39450 
 
Buy BankNifty in 39600-39800 range: 
SL 39200 Tgt 39950, 40075, 40200, 40275, 40325, 40375, 40425 
 
F&O Ban Update: 
Already In Ban: IB Housing Finance Ambuja Cement, Delta Corp 
New In Ban: Nil 
Out Of Ban: Nil