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. 

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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

Also Read: Stock Market Today LIVE: Cues negative for Sensex, Nifty as mayhem grips Wall Street; SGX Nifty, Asian indices in red 

- 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