Amid positive global markets, domestic institutional investors (DIIs), sentiment, negative foreign institutional investors (FIIs) and neutral future & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Wednesday, January 12, 2022. 

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Domestic equity benchmarks on Tuesday, January 11, 2022, witnessed modest gains amid mixed global cues. The Sensex regained the 60,500 mark while the Nifty finished above the 18,000 level.

The BSE Sensex rose 221.26 points, or 0.37 per cent to close at 60,616.89. The NSE Nifty also added 52.45 points, or 0.29 per cent, to settle at 18,055.75. In the sectoral indices at the NSE, the Bank Nifty index added 94.30 points, or 0.25 per cent, to settle at 38,442.20.

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In the broader market at BSE, the Mid-Cap and the Small-Cap indices closed almost flat under-performing Sensex. The Mid-Cap added 0.01 per cent and the Small-Cap index ended 0.15 per cent up.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 12:

Day support zone on Nifty is 17,950-18,000, below that 17,875-17,925 is a strong Buy zone.

Day higher zone on Nifty is 18,125-18,175, above that 18,200-18,265 is a strong Profit booking zone.

Day support zone on Bank Nifty is 38,050-38,150, below that 37,750-37,925 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,700-38,825, above that 38,925-39,050 is a strong Profit booking zone.

The small day range for trading on Nifty is 18,000-18,175, while the medium and bigger day ranges are 17,950-18,200 and 17,900-18,265, respectively.

The small day range for trading on Bank Nifty is 38,350-38,825, while the medium and bigger day ranges are 38,150-38,925 and 38,050-39,050. Respectively.

FIIs long position unchanged at 66%.

PCR at 1.35 Vs 1.45.

India VIX up by 0.5% at 17.76.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,900.

Bank Nifty Intraday and Closing stop loss are 38,000.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,200.

Bank Nifty Intraday and Closing stop loss are 38,550.

For New Positions:

Buy Nifty with a stop loss of 17,950 and target 18,125, 18,175, 18,200, 18,265, 18,300.

Sell Nifty in 18250-18325 range with a stop loss of 18,400 and target 18,200, 18,175, 18,125, 18,100, 18,075, 18,050.

For New Positions:

Buy Bank Nifty with a stop loss of 38,000 and target 38,600, 38,700, 38,825, 38,875, 38,925, 39,025.

Sell Bank Nifty in 38,925-39,125 range with a stop loss of 39,250 and target 38,825, 38,700, 38,600, 38,500, 38,450, 38,350.

F&O Ban Update:

New In Ban: Vodafone Idea

Already In Ban: IB Housing Finance, Delta Corp, RBL Bank

Out Of Ban: Nil