Anil Singhvi’s Strategy December 08: Day support zone on Nifty is 18450-18525 & Bank Nifty is 42875-42950

Amid neutral 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 Thursday, December 08, 2022.

Anil Singhvi's strategy on Nifty, Bank Nifty on December 8, 2022

Nifty support zone 18450-18525, Below that 18300-18375 Strong Buy zone
 
Nifty higher zone 18600-18650, Above that 18700-18750 Profit booking zone
 
Bank Nifty support zone 42875-42950, Below that 42600-42750 Strong Buy zone
 
Bank Nifty higher zone 43225-43325, Above that 43375-43500 Profit booking zone
 
Nifty support levels 18525, 18500, 18450, 18375
 
Nifty higher levels 18575, 18600, 18650, 18700, 18750
 
Bank Nifty support levels 43000, 42950, 42875, 42750
 
Bank Nifty higher levels 43225, 43275, 43325, 43375, 43500

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FIIs Index Long at 58% Vs 62%
PCR at 0.76 Vs 0.91
Bank Nifty PCR at 0.77 Vs 0.84
India VIX unchanged at 14.08
 
For Existing Long Positions:
Nifty Intraday n Closing SL 18450
Bank Nifty Intraday SL 42750 n Closing SL 42950
 
For Existing Short Positions:
Nifty Intraday n Closing SL 18750
Bank Nifty Intraday SL 43525 n Closing SL 43350
 
For New Positions:
Buy Nifty in 18375-18450 range:
SL 18300 Tgt 18525, 18550, 18575, 18600, 18650
 
Sell Nifty in 18650-18750 range:
SL 18825 Tgt 18600, 18575, 18550, 18525, 18450
 
For New Positions :
Buy Bank Nifty in 42750-42950 range:
SL 42700 Tgt 43000, 43075, 43125, 43225, 43275, 43325, 43375, 43500
 
Sell Bank Nifty in 43325-43500 range:
SL 43600 Tgt 43275, 43225, 43125, 43075, 43000, 42950
 
F&O Ban Update:
Already In Ban: PNB, GNFC, IB Housing Finance
New In Ban: Nil
Out Of Ban: Nil

Dharmaj Crop Guard Listing Preview:
Expected to list in 270-280 range against issue price of 237
Investors can keep Stop Loss of 260

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