Anil Singhvi’s Strategy November 7: Day support zone on Nifty is 18050-18125 & Bank Nifty is 41025-41125

Amid positive global markets, negative domestic institutional investors (DIIs), positive 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 7, 2022.

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

Nifty higher zone 18175-18265, Above that 18300-18350 Profit booking zone

Bank Nifty support zone 41025-41125, Below that 40775-40850 Strong Buy zone

Bank Nifty higher zone 41475-41525, Above that 41675-41825 Profit booking zone

Nifty support levels 18125, 18075, 18050, 18025, 17975, 17950

Nifty higher levels 18175, 18200, 18265, 18300, 18350, 18415

Bank Nifty support levels 41250, 41175, 41125, 41025, 40850, 40775

Bank Nifty higher levels 41350, 41425, 41475, 41525, 41675, 41825

- FIIs Index Long at 58% Vs 59%

- PCR at 1.12 Vs 1.26

- Bank Nifty PCR at 0.91 Vs 1.06

- India VIX down by 2% at 15.66

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 18000
Bank Nifty Intraday and Closing STOP LOSS 40975

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18200
Bank Nifty Intraday and Closing STOP LOSS 41550

For New Positions:

Buy Nifty: STOP LOSS 18000 Target 18175, 18200, 18265, 18300, 18350, 18415

Sell Nifty in 18265-18350 range: STOP LOSS 18425 Target 18200, 18175, 18135, 18115, 18075, 18050

For New Positions :

Buy Bank Nifty: STOP LOSS 40975 Target 41350, 41425, 41475, 41525, 41675, 41825

Aggressive Traders Sell Bank Nifty in 41675-41825 range:

Strict STOP LOSS 41900 Target 41525, 41475, 41425, 41300, 41250, 41175

F&O Ban Update:

Out Of Ban: PNB

Already In Ban: LIC Housing Finance

New In Ban: Nil