Anil Singhvi’s Strategy December 09: Day support zone on Nifty is 18525-18575 & Bank Nifty is 43325-43500

Amid positive 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 Friday, December 09, 2022.

Anil Singhvi's strategy on Nifty, Bank Nifty on December 9, 2022

Nifty support zone 18525-18575, Below that 18450-18500 Strong Buy zone
 
Nifty higher zone 18650-18700, Above that 18750-18815 Profit booking zone
 
Bank Nifty support zone 43325-43500, Below that 43100-43225 Strong Buy zone
 
Bank Nifty higher zone 43700-43775, Above that 43850-43950 Profit booking zone
 
Nifty support levels 18575, 18550, 18525, 18500, 18450
 
Nifty higher levels 18650, 18700, 18750, 18775, 18815
 
Bank Nifty support levels 43525, 43375, 43325, 43275, 43225, 43100
 
Bank Nifty higher levels 43650, 43700, 43775, 43850, 43950
 
FIIs Index Long at 60% Vs 58%
PCR at 1.04 Vs 0.76
Bank Nifty PCR at 1.28 Vs 0.77
India VIX down by 5% at 13.40
 
For Existing Long Positions:
Nifty Intraday n Closing SL 18500
Bank Nifty Intraday n Closing SL 43300
 
For Existing Short Positions:
Nifty Intraday n Closing SL 18750
Bank Nifty Intraday n Closing SL 43700
 
For New Positions:
Buy Nifty:
SL 18500 Tgt 18650, 18700, 18750, 18775, 18815
 
Sell Nifty in 18700-18775 range:
SL 18825 Tgt 18650, 18615, 18575, 18550, 18525
 
For New Positions :
 Buy Bank Nifty in 43300-43375 range:
SL 43075 Tgt 43500, 43600, 43650, 43700
 
Aggressive Traders Buy Bank Nifty:
Strict SL 43300 Tgt 43650, 43700, 43775, 43850, 43950
 
Sell Bank Nifty in 43900-44000 range:
SL 44100 Tgt 43850, 43775, 43700, 43650, 43600, 43525
 
F&O Ban Update:
Out Of Ban: PNB
Already In Ban: GNFC, IB Housing Finance
New In Ban: Nil

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