Anil Singhvi’s Strategy December 16: Day support zone on Nifty is 18300-18350 & Bank Nifty is 43300-43375
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 Friday, December 16, 2022
Global markets are weak and selling pressure will remain in the Asian markets as well after the hawkish commetary from US Federal Reserve, Zee Business Managing Editor Anil Singhvi said. 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 Friday, December 16, 2022.
Nifty support zone 18300-18350, Below that 18200-18250 Strong Support zone
Nifty higher zone 18500-18550, Above that 18575-18650 Strong Sell zone
Bank Nifty support zone 43300-43375, Below that 42950-43100 Strong Buy zone
Bank Nifty higher zone 43650-43775, Above that 43950-44050 Strong Sell zone
Nifty support levels 18350, 18300, 18275, 18250, 18200
Nifty higher levels 18450, 18500, 18525, 18550, 18575, 18600
Bank Nifty support levels 43375, 43300, 43225, 43100, 43025, 42950
Bank Nifty higher levels 43600, 43650, 43700, 43775, 43850, 43950, 44050
- FIIs Index Long at 54% Vs 59%
- PCR at 0.88 Vs 1.02
- Bank Nifty PCR light & comfortable at 0.77 Vs 1.2
- India VIX up 6.5% at 13.73
For Existing Long Positions:
Nifty Intraday and Closing STOP LOSS 18325
Bank Nifty Intraday Stop Loss 43300 and Closing STOP LOSS 43000
For Existing Short Positions:
Nifty Intraday and Closing STOP LOSS 18650
Bank Nifty Intraday Stop Loss 43800 and Closing STOP LOSS 44050
For New Positions:
Buy Nifty in 18200-18300 range:
STOP LOSS 18100 Target 18350, 18400, 18450, 18500
Sell Nifty in 18500-18600 range:
STOP LOSS 18700 Target 18450, 18400, 18350, 18300, 18275, 18250
For New Positions :
Buy Bank Nifty in 42950-43100 range:
STOP LOSS 42800 Target 43225, 43300, 43375, 43500
Aggressive Traders Buy Bank Nifty in 43300-43375 range:
Strict STOP LOSS 43100 Target 43500, 43600, 43650, 43700, 43775, 43850, 43950
Sell Bank Nifty in 43775-43950 range:
STOP LOSS 44150 Target 43700, 43650, 43600, 43500, 43375
F&O Ban Update:
Out Of Ban: Nil
Already In Ban: GNFC, BHEL, Delta Corp, IB HSG FIN
New In Ban: IRCTC, PNB
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