Anil Singhvi’s Strategy November 22: Day support zone on Nifty is 18050-18125 & Bank Nifty is 42075-42200

Indian stock markets are likely to move in a range when they resume trading on Tuesday, Zee Business Managing Editor Anil Singhvi said as this is a week of monthly expiry and also a truncated trading week in the US. Market Guru gives his strategy on Nifty Bank Nifty along with today's triggers. Amid neutral 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, November 22, 2022. 

Nifty support zone 18050-18125, Below that 17950-18025 Strong Buy zone

Nifty higher zone 18200-18250, Above that 18300-18350 Profit booking zone

Bank Nifty support zone 42075-42200, Below that 41925-41975 Strong Buy zone

Bank Nifty higher zone 42450-42525, Above that 42575-42675 Profit booking zone

Nifty support levels 18150, 18125, 18075, 18050, 18025, 17950

Nifty higher levels 18175, 18200, 18250, 18275, 18300, 18325, 18350

Bank Nifty support levels 42300, 42250, 42200, 42125, 42075, 41975, 41925

Bank Nifty higher levels 42450, 42525, 42575, 42625, 42675, 42750

- FIIs Index Long at 63% Vs 65%

- PCR at 0.79 Vs 0.89

- Bank Nifty PCR at 1.00 Vs 0.92

- India VIX up by 3% at 14.80

Read More: Stock Market Today LIVE: Sensex, Nifty likely to trade in range amid mixed global cues; SGX Nifty in green 

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 18000

Bank Nifty Intraday and Closing STOP LOSS 42000

For Existing Short Positions:

Nifty Intraday STOP LOSS 18350 and Closing STOP LOSS 18450
Bank Nifty Intraday and Closing STOP LOSS 42650

For New Positions:

Buy Nifty in 18050-18125 range:

STOP LOSS 17950 Target 18150, 18175, 18200, 18250, 18275, 18300

Sell Nifty in 18250-18350 range:

STOP LOSS 18450 Target 18200, 18175, 18150, 18125, 18075, 18025

For New Positions:

Buy Bank Nifty in 42075-42225 range:

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

Sell Bank Nifty in 42525-42625 range:

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

5 Stocks in F&O Ban:

New In Ban: Escorts

Out Of Ban: Balrampur Chini, Delta Corp, BHEL

Already In Ban: PNB, IB Housing, Sun TV, GNFC

Kaynes Technology Listing Preview:

Strong listing expected in 725-750 range against issue price of 587

Short Term Investors put stop loss of 700 and keep trailing