Anil Singhvi’s Strategy December 20: Day support zone on Nifty is 18350-18400 & Bank Nifty is 43225-43300

Indian markets are likely to see a range bound movement on Tuesday and the situation is favourable for buying on dips, Zee Business Managing Editor Anil Singhvi said. He said that there are not enough indicators from the global markets as year-end holiday season begins. Amid negative global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and neutral sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, December 20, 2022.

Nifty support zone 18350-18400, Below that 18250-18300 Strong Buy zone

Nifty higher zone 18450-18500, Above that 18525-18600 Strong Sell zone

Bank Nifty support zone 43225-43300, Below that 42950-43100 Strong Buy zone

Bank Nifty higher zone 43500-43600, Above that 43650-43775 Profit booking zone

Nifty support levels 18400, 18350, 18300, 18275, 18250

Nifty higher levels 18450, 18500, 18525, 18550, 18575, 18600

Bank Nifty support levels 43375, 43300, 43225, 43125, 43075, 42950

Bank Nifty higher levels 43500, 43600, 43650, 43700, 43775, 43850

Read More: Stock Market Today LIVE: Expect cautious opening in Sensex, Nifty amid mixed cues; SGX Nifty in red, Dow futures trades in green

- FIIs Index Long at 59% Vs 55%

PCR at 1.01 Vs 0.81

- Bank Nifty PCR at 0.97 Vs 0.76

- India VIX down by 4% at 13.55

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 18200
Bank Nifty Intraday and Closing STOP LOSS 42950

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18525
Bank Nifty Intraday STOP LOSS 43500 and Closing STOP LOSS 43700

For New Positions:

Buy Nifty in 18250-18300 range:
STOP LOSS 18200 Target 18350, 18400, 18425, 18450, 18500

Sell Nifty in 18500-18600 range:
STOP LOSS 18700 Target 18450, 18425, 18400, 18350, 18300, 18275, 18250

For New Positions:

Buy Bank Nifty in 43075-43225 range:
STOP LOSS 42900 Target 43300, 43375, 43425, 43500, 43600, 43650, 43700

Sell Bank Nifty in 43600-43775 range:
STOP LOSS 43950 Target 43500, 43425, 43375, 43300, 43225, 43125, 43075

F&O Ban Update:

Already In Ban: Balrampur Chini, IRCTC, PNB, GNFC, BHEL, Delta Corp, IB Housing Fin

New In Ban: Nil

Out Of Ban: Nil