Amid neutral global markets, foreign institutional investors (FIIs), future & options (F&O), positive domestic institutional investors (DIIs) and sentiment cues, the short-term trend of the Indian stock markets will be negative on Friday, December 31, 2021.  

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Domestic equity benchmarks, Sensex and Nifty, ended near the flat line with some negative bias on Thursday, December 30, 2021. The 30-share index S&P BSE Sensex ended 12.17 points, or 0.02 per cent, lower at 57,794.32. The Nifty fell 9.65 points, or 0.06 per cent, to 17,203.95. In the sectoral indices at the NSE, Nifty Bank gained 18.20 points, or 0.05 per cent, to settle at 35,063.60.  

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In the broader market at the BSE, the S&P BSE MidCap index underperformed the Sensex as it fell 0.22 per cent while the S&P BSE SmallCap outperformed the Sensex as it rose 0.19 per cent.  

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for December 31: 

Day support zone on Nifty is 17,120-17,150, below that 17,025-17,085 is a strong Buy zone. 

Day higher zone on Nifty is 17,235-17,265, above that 17,300-17,375 is a strong Profit booking zone. 

  

Day support zone on Bank Nifty is 34,750-34,900, below that 34,450-34,600 is a strong Buy zone. 

Day higher zone on Bank Nifty is 35,175-35,350, above that 35,475-35,625 is a strong Profit booking zone. 

 

The small day range for trading on Nifty is 17,150-17,265, while the medium and bigger ranges are 17,120-17,285 and 17,085-17,325, respectively. 

The small day range for trading on Bank Nifty is 34,900-35,200, while the medium and bigger ranges are 34,750-35,350 and 34,600-35,475, respectively.  

FIIs long position increased to 66% Vs 64%. 

PCR at 1.32 Vs 1.19. 

India VIX up by 2% at 16.57. 

For Existing Long Positions: 

Nifty Intraday and Closing stop loss are 17,075. 

Bank Nifty Intraday stop loss is 34,750 and Closing stop loss is 34,850. 

For Existing Short Positions: 

Nifty Intraday and Closing stop loss are 17,325. 

Bank Nifty Intraday stop loss is 35,500 and Closing stop loss is 35,200 

For New Positions: 

Buy Nifty in 17,085-17,150 range with a stop loss of 17,000 and target 17,200, 17,230, 17,260, 17,285. 

Aggressive Traders Buy Nifty with a Strict stop loss of 17,100 and target 17,230, 17,260, 17,285, 17,300, 17,325, 17,350. 

Sell Nifty in 17,275-17,350 range with a stop loss of 17,400 and target 17,235, 17,215, 17,200, 17,175, 17,150, 17,120. 

For New Positions: 

Buy Bank Nifty in 34,600-34,750 range with a stop loss of 34,450 and target 34,850, 34,900, 35,050, 35,125, 35,200. 

Aggressive Traders Buy Bank Nifty with a Strict stop loss of 34,850 and target 35,175, 35,325, 35,375, 35,475, 35,525, 35,625. 

Aggressive Traders Sell Bank Nifty in 35,325-35,475 range with a Strict stop loss of 35,625 and target 35,225, 35,175, 35,125, 35,050, 34,900, 34,850. 

F&O Ban Update: 

Out Of Ban: RBL Bank, Vodafone Idea, IB Housing Finance 

CMS Info Systems Listing Preview: Expected to list near issue price of 216. Long Term Investors can HOLD it as an Investment Stock.