Anil Singhvi’s Strategy December 19: Day support zone on Nifty is 18200-18250 & Bank Nifty is 42950-43075

US markets are unlikely to see another dramatic fall as the impact of Federal Reserve's commentary has now been discounted, Zee Business Managing Editor Anil Singhvi said. He said that there are not enough indicators from the global markets as year-end holiday season begins. Amid neutral 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 19, 2022.

Nifty support zone 18200-18250, Below that 18125-18175 Strong Buy zone

Nifty higher zone 18350-18415, Above that 18450-18500 Strong Sell zone

Bank Nifty support zone 42950-43075, Below that 42750-42875 Strong Buy zone

Bank Nifty higher zone 43375-43500, Above that 43600-43775 Strong Sell zone

Nifty support levels 18250, 18200, 18175, 18150, 18125

Nifty higher levels 18350, 18400, 18450, 18500

Bank Nifty support levels 43100, 43025, 42950, 42875, 42750, 42650

Bank Nifty higher levels 43300, 43375, 43500, 43600, 43650, 43700, 43775

Also Read: Stock Market Today LIVE: Sensex, Nifty likely to open cautiously amid mixed global cues; SGX Nifty in green

- FIIs Index Long at 55% Vs 54%
- PCR at 1.02 Vs 0.88
- Bank Nifty PCR at 0.76 Vs 0.77  
- India VIX up 2.5% at 14.07

For Existing Long Positions:

Nifty Intraday n Closing SL 18200
Bank Nifty Intraday n Closing SL 42900

For Existing Short Positions:

Nifty Intraday n Closing SL 18500
Bank Nifty Intraday SL 43500 n Closing SL 43700

For New Positions:

Buy Nifty: STOP LOSS 18200 Target 18350, 18385, 18415, 18450, 18500

Sell Nifty in 18400-18500 range: STOP LOSS 18550 Target 18350, 18300, 18275, 18250, 18200

 For New Positions :

Buy Bank Nifty: STOP LOSS 43000 Target 43300, 43375, 43500, 43600, 43650, 43700, 43775

Sell Bank Nifty in 43600-43775 range: STOP LOSS 43950 Target 43500, 43375, 43300, 43225, 43100, 43025

 F&O Ban Update:
New In Ban: Balrampur Chini
Already In Ban: IRCTC, PNB, GNFC, BHEL, Delta Corp, IB Housing Fin
Out Of Ban: Nil

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