Anil Singhvis Strategy December 07: Day support zone on Nifty is 18500-18575 & Bank Nifty is 42925-43050
Amid negative global markets, neutral 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 Wednesday, December 07, 2022
Indian markets will take cues from the Reserve Bank of India (RBI) monetary policy announcements scheduled at 10 am today, Zee Business Managing Editor Anil Singhvi said. He said that investors must keep an eye on Bank Nifty. Amid negative global markets, neutral 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 Wednesday, December 07, 2022.
Nifty support zone 18500-18575, Below that 18375-18450 Strong Buy zone
Nifty higher zone 18700-18775, Above that 18800-18875 Profit booking zone
Bank Nifty support zone 42925-43050, Below that 42750-42875 Strong Buy zone
Bank Nifty higher zone 43275-43375, Above that 43500-43650 Profit booking zone
Nifty support levels 18600, 18575, 18550, 18500, 18450
Nifty higher levels 18700, 18725, 18750, 18775, 18800, 18875
Bank Nifty support levels 43075, 43025, 42975, 42925, 42875, 42750
Bank Nifty higher levels 43225, 43275, 43325, 43375, 43500
FIIs Index Long at 62% Vs 66%
PCR at 0.91 Vs 0.90
Bank Nifty PCR at 0.84 Vs 1.09
India VIX up by 2% at 14.04
For Existing Long Positions:
Nifty Intraday n Closing STOP LOSS 18500
Bank Nifty Intraday n Closing STOP LOSS 42950
For Existing Short Positions:
Nifty Intraday and Closing STOP LOSS 18825
Bank Nifty Intraday n Closing STOP LOSS 43550
For New Positions:
Buy Nifty in 18500-18575 range: STOP LOSS 18350 Target 18615, 18650, 18700, 18725, 18750, 18775
Sell Nifty in 18725-18825 range: STOP LOSS 18900 Target 18700, 18650, 18615, 18575, 18550, 18500
For New Positions :
Buy Bank Nifty in 42750-42925 range: STOP LOSS 42700 Target 43000, 43075, 43125, 43225, 43275, 43325, 43375, 43500
Sell Bank Nifty in 43375-43500 range: STOP LOSS 43600 Target 43325, 43275, 43225, 43125, 43075, 43000
F&O Ban Update:
New In Ban: PNB
Out Of Ban: Delta Corp
Already In Ban: GNFC, IB Housing Finance
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