Anil Singhvi’s Strategy November 21: Day support zone on Nifty is 18200-18250 & Bank Nifty is 42225-42300

Amid neutral global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, November 21, 2022.

Nifty support zone 18200-18250, Below that 18100-18175 Strong Buy zone

Nifty higher zone 18300-18350, Above that 18400-18450 Profit booking zone

Bank Nifty support zone 42225-42300, Below that 42075-42150 Strong Buy zone

Bank Nifty higher zone 42525-42625, Above that 42750-42850 Profit booking zone

Nifty support levels 18275, 18250, 18200, 18175, 18150, 18125

Nifty higher levels 18325, 18350, 18400, 18425, 18450

Bank Nifty support levels 42375, 42300, 42225, 42150, 42075, 41975

Bank Nifty higher levels 42525, 42600, 42675, 42750, 42850

Read More: Stock Market Today Live: SGX Nifty, Dow futures in red; asian frontline indices trade negatively on China's Covid restrictions

- FIIs Index Long at 65% Vs 64%

- PCR at 0.89 Vs 1.07

- Bank Nifty PCR at 0.92 Vs 1.03

- India VIX down by 3% at 14.39

For Existing Long Positions:

Nifty Intraday STOP LOSS 18175 and Closing STOP LOSS 18250

Bank Nifty Intraday and Closing STOP LOSS 42000

For Existing Short Positions:

Nifty Intraday n Closing STOP LOSS 18450

Bank Nifty Intraday n Closing STOP LOSS 42650

For New Positions:

Buy Nifty in 18150-18225 range:

STOP LOSS 18100 Target 18250, 18275, 18300, 18350, 18400, 18425

Sell Nifty in 18400-18450 range:

STOP LOSS 18525 Target 18350, 18325, 18300, 18275, 18250, 18200

For New Positions:

Buy Bank Nifty in 42075-42225 range:

STOP LOSS 41900 Target 42300, 42375, 42450, 42525, 42600

Aggressive Traders Sell Bank Nifty in 42575-42625 range:

Strict STOP LOSS 42700 Target 42525, 42450, 42375, 42300, 42225, 42150, 42075

F&O Ban Update:

New In Ban: PNB

Already In Ban: IB Housing, Balrampur Chini, Delta Corp, BHEL, Sun TV, GNFC

Out Of Ban: Nil

Archean Chemical Industries Listing Preview:

Expected to list with huge premium in 500-525 range against issue of price of 407

Short Term Investors put stop loss of 480 and keep trailing

Five Star Business Finance Listing Preview:

Expected to list at discount near lower band of 450 Rupees against issue price of 474

Short Term Investors keep stop loss of 450

It should have been priced at lower band instead of higher band