Anil Singhvi’s Strategy December 12: Day support zone on Nifty is 18400-18450 & Bank Nifty is 43375-43500

Despite negative cues from the global stock markets, crude oil and other important factors remain stable, Zee Business Managing Editor Anil Singhvi said. Nifty is trading near its support level, he added. Amid negative 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 Monday, December 12, 2022. 

Nifty support zone 18400-18450, Below that 18300-18350 Strong Buy zone

Nifty higher zone 18550-18575, Above that 18600-18665 Profit booking zone

Bank Nifty support zone 43375-43500, Below that 43225-43300 Strong Buy zone

Bank Nifty higher zone 43700-43850, Above that 43875-43950 Profit booking zone

Nifty support levels 18450, 18400, 18350, 18300

Nifty higher levels 18525, 18550, 18575, 18600, 18650

Bank Nifty support levels 43500, 43375, 43325, 43275, 43225, 43100

Bank Nifty higher levels 43650, 43700, 43775, 43850, 43875, 43950

- FIIs Index Long at 58% Vs 60%

- PCR at 0.76 Vs 1.04

- Bank Nifty PCR at 0.97 Vs 1.28

- India VIX unchanged at 13.48

For Existing Long Positions:

Nifty Intraday STOP LOSS 18400 and Closing STOP LOSS 18450

Bank Nifty Intraday and Closing STOP LOSS 43300

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18700

Bank Nifty Intraday STOP LOSS 43850 and Closing STOP LOSS 43650

Read More: Stock Market Today: Sensex, Nifty to resume trading amid negative global cues; SGX Nifty trades in red

For New Positions:

Buy Nifty in 18350-18425 range: STOP LOSS 18300 Target 18450, 18500, 18525, 18550, 18575, 18600, 18650

Sell Nifty in 18600-18665 range: STOP LOSS 18725 Target 18575, 18550, 18525, 18500, 18450, 18400

For New Positions:

Buy Bank Nifty in 43300-43375 range: STOP LOSS 43100 Target 43500, 43600, 43650, 43700

Aggressive Traders Buy Bank Nifty:

Strict STOP LOSS 43300 Target 43650, 43700, 43775, 43850, 43950

Sell Bank Nifty in 43850-43950 range:

STOP LOSS 44050 Target 43650, 43600, 43525, 43400, 43325

F&O Ban Update:
New In Ban: BHEL, PNB, Delta Corp
Out Of Ban: IB Housing Finance
Already In Ban: GNFC

Uniparts India Listing Preview:

Expected to list in 605-620 range

Keep stop loss at issue price of 577