Anil Singhvi’s Strategy June 16: Day support zone on Nifty is 15,800-15,825 & Bank Nifty is 34,900-35,050


Amid neutral global markets, futures and options (F&O), foreign institutional investors (FII), sentiment and negative indices of domestic institutional investors (DII), the short-term trend of Indian stock markets will be positive on Wednesday June 16. 2021.

National equity benchmarks ended with decent gains on Tuesday, June 15, 2021. The S&P BSE Sensex rose 221.52 points or 0.42% to close at 52,773.05. The Nifty 50 Index added 57.40 points or 0.36% to close at 15,869.25. The Nifty Bank index gained 297.15 points or 0.85% to settle at 35,247.75.

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The larger BSE market has also grown. The Mid-Cap Index gained 0.60% and the Small-Cap Index rose 0.44%.

Zee Business Editor-in-Chief Anil Singhvi’s Market Strategy for June 16:

The daytime support zone on Nifty is 15,800-15,825, below 15,675-15,750 is a strong buy zone.

The highest day zone on Nifty is 15,900-15,925, above 15,975-16,000 is a profit reserve zone.

The daytime support zone on Bank Nifty is 34,900-35,050, below 34,650-34,800 is a strong buy zone.

The highest daytime area on Bank Nifty is 35,375-35,450, above 35,550-35,650 is a strong sell area.

The small day range for trading on Nifty is 15,800-15,900, while the medium and larger ranges are 15,750-15,950 and 15,675-16,000, respectively.

The small day range for trading on Bank Nifty is 35,050 to 35,375, while the medium and larger ranges are 34,900 to 35,450 and 34,800 to 35,550 respectively.

Long FII index at 74% against 75%.

PCR unchanged at 1.42.

India VIX down 1% to 14.61.

For existing long positions:

Intraday nifty and closing stop loss are 15,725.

The BankNifty intraday stop loss is 34,900 and the closing stop loss is 34,800.

For existing short positions:

Intraday nifty and closing stop loss are 15,925.

The BankNifty intraday stop loss is 35,550 and the closing stop is 35,650.

For new positions:

Buy Nifty if opens with Gap-down with a stop loss of 15,725 and target 15,900, 15,925, 15,975, 16,000.

Sell ​​Nifty in the 15,975-16,000 range with a stop loss of 16,050 and target 15,900, 15,875, 15,850, 15,800.

For new positions:

Buy BankNifty in the range 34800-34950 with a stop loss of 34,650 and target 35,050, 35 150, 35 250, 35 350.

Aggressive traders buy BankNifty with a strict stop loss of 34,900 and target 35,375, 35,450, 35,550, 35,650.

Sell ​​BankNifty in the range 35,450-35,650 with a stop loss of 35,825 and target 35,375, 35,300, 35,250, 35,175, 35,075.

Update of the F&O ban:

New in Ban: Adani Ports, Escorts

Out of the ban: Indiabulls Housing finance

4 Already banned: Sun TV, Nalco, Canara Bank, PNB

Overview of Dodla Dairy’s IPO: ASK FOR REASONABLE, LONG-TERM QUOTE GAINS

Good points :

Experienced promoters and solid growth prospects.

Attractive valuations.

IFC increases its stake in IPO.

Negative points :

Limited presence in southern India.

Overview of the KIMS IPO: ONLY HIGH RISK INVESTORS SHOULD APPLY FOR THE LONG TERM.

Good points :

Experienced management.

Constant growth in turnover.

Negative points :

Limited presence in AP and Telangana.

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