Anil Singhvi’s Strategy December 13: Day support zone on Nifty is 18350-18425 & Bank Nifty is 43500-43600

Indian retail inflation has fallen below 6 per cent in November which is one of the biggest local triggers for domestic markets, Zee Business Managing Editor Anil Singhvi said while spelling out his strategy on Nifty50 and Bank Nifty. On the global front, US markets closing strongly on Monday augurs well for equity markets, Singhvi said. Amid positive global markets, positive domestic institutional investors (DIIs), neutral 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 Tuesday, December 13, 2022.     

Nifty support zone 18350-18425

Nifty higher zone 18550-18600, Above that 18625-18700 Profit booking zone

Bank Nifty support zone 43500-43600, Below that 43300-43375 Strong Buy zone

Bank Nifty higher zone 43775-43850, Above that 43975-44150 Profit booking zone

Nifty support levels 18450, 18425, 18400, 18350

Nifty higher levels 18525, 18550, 18575, 18600, 18650, 18700

Bank Nifty support levels 43640, 43600, 43500, 43375

Bank Nifty higher levels 43775, 43850, 43975, 44050, 44150

- FIIs Index Long at 60% Vs 58%

- PCR at 0.91 Vs 0.76

- Bank Nifty PCR at 1.15 Vs 0.97

- India VIX down by 1% at 13.32

For Existing Long Positions:

Nifty Intraday STOP LOSS 18350 and Closing STOP LOSS 18450

Bank Nifty Intraday STOP LOSS 43350 and Closing STOP LOSS 43500

Read More: Stock Markets Today LIVE: Sensex, Nifty likely to start positive amid favourable global, local cues; SGX Nifty trades in green
 

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18700

Bank Nifty Intraday and Closing STOP LOSS 43850

For New Positions:

Buy Nifty in 18350-18425 range:

STOP LOSS 18300 Target 18500, 18525, 18550, 18575, 18600

Aggressive Traders Buy Nifty:

Strict STOP LOSS 18400 Target 18525, 18550, 18575, 18600, 18650, 18700

Sell Nifty in 18600-18700 range: STOP LOSS 18775 Target 18575, 18550, 18525, 18500, 18450, 18400

For New Positions :

Buy Bank Nifty in 43375-43525 range:

STOP LOSS 43300 Target 43600, 43650, 43700, 43775, 43850

Aggressive Traders Buy Bank Nifty:

Strict STOP LOSS 43500 Target 43775, 43850, 43975, 44050, 44150

Aggressive Traders Sell Bank Nifty in 43950-44050 range:

Strict STOP LOSS 44200 Target 43850, 43775, 43700, 43650, 43600, 43525

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

Landmark Cars IPO Preview:
APPLY FOR LONG TERM OR BUY POST LISTING

Positives:
Experienced Promoters with business leadership
Regular profitmaking company
Strong growth outlook

Negatives:
Huge competition
Company still needs to reduce debt
Reasonable valuations

Sula Vineyards IPO Preview:
APPLY FOR LONG TERM OR BUY POST LISTING

Positives:
Experienced Promoters
Business leadership with 52% market share
Improvement in financials
Strong growth outlook

Negatives:
Highly government regulated business
FTA with different countries may increase competition
Too much Related party transactions
Valuations reasonable