Anil Singhvi’s Strategy December 26: Day support zone on Nifty is 17650-17725 & Bank Nifty is 41300-41475

Amid limited cues from the global markets, domestic stock markets are likely to begin on a positive note, Zee Business Managing Editor Anil Singhvi said. Barring a few, all major markets across the world are closed today on account of Christmas Holiday. He expects a positive opening as markets are light on account of four-day selling in the previous week. Amid positive global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and negative sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, December 26, 2022.

Nifty support zone 17650-17725, Below that 17525-17575 Strong Buy zone

Nifty higher zone 17850-17925, Above that 17975-18050 Strong Sell zone

Bank Nifty support zone 41300-41475, Below that 41125-41250 Strong Support zone

Bank Nifty higher zone 41850-41950, Above that 42225-42375 Strong Sell zone

Nifty support levels 17775, 17725, 17650, 17575, 17525

Nifty higher levels 17850, 17900, 17925, 17975, 18050, 18125

Bank Nifty support levels 41600, 41475, 41425, 41300, 41250, 41125, 41025, 40850

Bank Nifty higher levels 41775, 41850, 41950, 42075, 42150, 42225, 42300, 42375

Read More: Stock Market Today LIVE: Sensex, Nifty to open positive amid limited global cues; SGX Nifty in green

FIIs Index Long at 44% Vs 46%
PCR at 0.72 Vs 0.88
Bank Nifty PCR at 0.67 Vs 0.74
India VIX up by 6.5% at 16.16

For Existing Long Positions:

Nifty Intraday n Closing STOP LOSS 17700
Bank Nifty Intraday n Closing STOP LOSS 41450

For Existing Short Positions:

Nifty Intraday n Closing STOP LOSS 18050
Bank Nifty Intraday n Closing STOP LOSS 42250

For New Positions:

Buy Nifty:
STOP LOSS 17700 Target 17850, 17900, 17925, 17975, 18050, 18125

Sell Nifty in 18000-18125 range:
STOP LOSS 18250 Target 17925, 17900, 17850, 17800, 17775

For New Positions :

Buy BankNifty:
STOP LOSS 41450 Target 41775, 41850, 41950, 42075, 42150, 42225, 42300, 42375

Sell Bank Nifty in 42225-42375 range:
STOP LOSS 42650 Target 42150, 42075, 41950, 41850, 41775, 41675, 41600

F&O Ban Update:
Already In Ban: IB Housing Fin
New In Ban: Nil
Out Of Ban: Nil

Radiant Cash Management IPO:
HIGH RISK TAKING INVESTORS APPLY FOR LONG TERM
BETTER TO BUY POST LISTING

Positives:
Experienced promoters
Strong financials

Negatives:
Digitization can hurt growth
Reasonable valuations, not cheap