Anil Singhvi’s Strategy December 27: Day support zone on Nifty is 17925-17975 & Bank Nifty is 42225-42400

Indian markets are likely to continue their Monday momentum when markets reopen on Tuesday, Zee Business Managing Editor Anil Singhvi said while spelling out his strategy on Nifty and Bank Nifty. He said that China reopening augurs well for markets. Another positive is sustained buying from domestic investors even as selling from foreign investors has remained restricted over the previous two trading sessions. Bank Nifty will continue to provide leadership, he further said. Amid positive global markets, positive domestic institutional investors (DIIs), positive 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 Tuesday, December 27, 2022.  

Nifty support zone 17925-17975, below that 17775-17850 strong Buy zone

Nifty higher zone 18075-18125, above that 18175-18250 profit booking zone

Bank Nifty support zone 42225-42400, below that 41575-41675 strong Buy zone

Bank Nifty higher zone 42950-43100, above that 43225-43375 profit booking zone

Nifty support levels 17975, 17925, 17850, 17800, 17775

Nifty higher levels 18075, 18125, 18175, 18200, 18250

Bank Nifty support levels 42550, 42400, 42300, 42225, 42125, 42075, 41950, 41850

Bank Nifty higher levels 42875, 42950, 43075, 43150, 43225, 43300, 43375, 43425

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

- FIIs Index Long at 47% Vs 44%

- PCR at 0.96 Vs 0.72

- Bank Nifty PCR at 1.29 Vs 0.67

- India VIX down by 1.5% at 15.93

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 17775

Bank Nifty Intraday and Closing STOP LOSS 42200

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18250

Bank Nifty Intraday and Closing STOP LOSS 43000

For New Positions:

Buy Nifty: Stop Loss 17775 Target 18075, 18125, 18175, 18200, 18250

Sell Nifty in 18175-18250 range: Stop Loss 18325 Target 18125, 18075, 18025, 17975, 17925, 17850, 17775

For New Positions:

Buy BankNifty:

STOP LOSS 42200 Target 42875, 42950, 43075, 43150, 43225, 43300, 43375

Sell Bank Nifty in 43100-43300 range:
STOP LOSS 43500 Target 42950, 42875, 42750, 42625, 42550, 42400, 42300, 42225

F&O Ban Update:

New In Ban: PNB

Out Of Ban: IB Housing Fin

Already In Ban: Nil