Anil Singhvis Strategy December 22: Day support zone on Nifty is 18125-18175 & Bank Nifty is 42250-42375

Anil Singhvi’s Strategy December 22: Amid positive global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), positive futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Thursday, December 22, 2022.

Here is the Zee Business Managing Editor Anil Singhvi’s market strategy for today

Nifty support zone 18125-18175, Below that 18025-18075 Strong Buy zone

Nifty higher zone 18275-18325, Above that 18375-18425 Strong Sell zone

 

Bank Nifty support zone 42250-42375, Below that 42075-42200 Strong Buy zone

Bank Nifty higher zone 42875-42950, Above that 43075-43125 Strong Sell zone

 

Nifty support levels 18200, 18150, 18125, 18075, 18025

Nifty higher levels 18250, 18275, 18325, 18375, 18400, 18425

 

Bank Nifty support levels 42625, 42550, 42450, 42375, 42300, 42250, 42200

Bank Nifty higher levels 42750, 42875, 42950, 43075, 43125, 43225

 

FIIs Index Long at 48% Vs 49%

PCR at 0.70 Vs 1.01

Bank Nifty PCR at 0.50 Vs 0.91

India VIX up by 13% at 15.56

 

For Existing Long Positions:

Nifty Intraday Stop Loss 18125 n Closing Stop Loss 18000

Bank Nifty Intraday n Closing Stop Loss 42300

 

For Existing Short Positions:

Nifty Intraday n Closing Stop Loss 18450

Bank Nifty Intraday n Closing Stop Loss 43000

 

For New Positions:

Buy Nifty: Stop Loss 18125 Tgt 18250, 18275, 18325, 18375, 18400, 18425

Sell Nifty in 18375-18425 range: Stop Loss 18500 Tgt 18300, 18250, 18200, 18150

 

For New Positions :

Buy Bank Nifty: Stop Loss 42300 Tgt 42750, 42875, 42950, 43075, 43125, 43225

Sell Bank Nifty in 42950-43125 range: Stop Loss 43300 Tgt 42875, 42750, 42625, 42550, 42450, 42375

 

F&O Ban Update:

Out Of Ban: Delta Corp, PNB

Already In Ban: IRCTC, GNFC, IB Housing Fin

New In Ban: Nil

 

Sula Vineyards Listing Preview:

Expected to list around or slightly below issue price of 357

Long Term Investors can HOLD

Short Term Investors can keep stoploss of 340