Amid neutral global markets, foreign institutional investors (FIIs), domestic institutional investors (DIIs), future & options (F&O) and sentiment cues, the short-term trend of the Indian stock markets will be negative on Monday, December 27, 2021. 

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Key domestic equity indices ended the volatile trading session with modest losses on Friday, December 24, 2021. The Nifty settled above the 17,000 mark while the Sensex closed above 57,100 points. On the day, the S&P BSE Sensex dropped 190.97 points or 0.33 per cent to 57,124.31. The NSE Nifty 50 index fell 68.85 points or 0.40 per cent to 17,003.75. Similarly, the Bank Nifty declined 334.10 points or 0.95 per cent to end at 34,857.05. 

The broader markets at BSE underperformed the Sensex with S&P BSE MidCap and BSE SmallCap closing 1.15 per cent and 0.60 per cent lower, respectively.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for December 27: 

Day support zone on Nifty is 16,890-16,915, below that 16,775-16,840 is a strong Buy zone. 

Day higher zone on Nifty is 17,075-17,115, above that 17,150-17,225 is a strong Profit booking zone.

Day support zone on Bank Nifty is 34,400-34,600, below that 33,900-34,050 is a strong Buy zone. 

Day higher zone on Bank Nifty is 35,025-35,125, above that 35,225-35,325 is a strong Profit booking zone. 

The small day range for trading on Nifty is 16,890-17,075, while the medium and bigger day ranges are 16,825-17,115 and 16,775-17,150, respectively.

The small day range for trading on Bank Nifty is 34,600-35,025, while the medium and bigger day ranges are 34,400-35,125 and 34,025-35,225, respectively. 

FIIs long position is unchanged at 66%.

PCR light and comfortable at 1.00 Vs 1.11.

India VIX up by 2% at 16.15.

For Existing Long Positions:

Nifty Intraday stop loss is 16,875 and Closing stop loss is 16,950.

Bank Nifty Intraday stop loss is 34,350 and Closing stop loss is 34,600.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 17,200.

Bank Nifty Intraday stop loss is 35,050 and Closing stop loss is 35,200.

For New Positions:

Sell Nifty in 17,075-17,150 range with a stop loss of 17,225 and target 17,025, 17,000, 16,960, 16,915, 16,890.

Aggressive Traders Sell Nifty with a Strict stop loss of 17,150 and target 16,960, 16,915, 16,890, 16,840, 16,775.

Buy Nifty in 16,775-16,840 range with a stop loss of 16,675 and target 16,890, 16,915, 16,960, 16,985.

Aggressive Traders Buy Nifty on Gap-down Opening with a Strict stop loss of 16,875 and target 16,960, 17,000, 17,025, 17,075, 17,115, 17,150.

For New Positions:

Sell Bank Nifty in 35,125-35,325 range with a stop loss of 35,500 and target 35,025, 34,975, 34,875, 34,700, 34,600.

Aggressive Traders Sell Bank Nifty with a Strict stop loss of 35,050 and target 34,700, 34,600, 34,450, 34,400, 34,050.

Aggressive Traders Buy Bank Nifty in 34,400-34,600 range with a Strict stop loss of 34,350 and target 34,700, 34,850, 34,975, 35,025, 35,125, 35,225.

F&O Ban Update:

Out Of Ban: Zee Entertainment.

Already In Ban: Vodafone Idea, Indiabulls Housing Finance, Escorts

New In Ban: Nil

HP Adhesives Listing Preview: Expected to list in 325-375 against issue price of 274. Long Term Investors HOLD with Strict Stop Loss of the issue price.