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 Thursday, January 13, 2022. 

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Domestic equity benchmarks, the Sensex and the Nifty, on Wednesday, January 11, 2022, rose around 0.9 per cent amid positive cues from the global equity markets. The Sensex closed above the 61,000 level while the Nifty regained the 18,200 mark. The BSE Sensex climbed 533.15 points, or 0.88 per cent, to finish at 61,150.04. The NSE Nifty also surged 156.60 points, or 0.87 per cent, to settle at 18,212.35. In the sectoral indices at the NSE, the Bank Nifty index gained 285.35 points, or 0.74 per cent, to close at 38,727.55.

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In the broader market at the BSE, the S&P BSE Mid-Cap index rallied 1.08 per cent while the S&P BSE Small-Cap index added 0.70 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 13:

Day support zone on Nifty is 18,050-18,125, below that 17,975-18,025 is a strong Buy zone

Day higher zone on Nifty is 18,265-18,300, above that 18,350-18,425 is a strong Sell zone.

Day support zone on Bank Nifty is 38,350-38,500, below that 38,025-38,150 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,925-39,125, above that 39,225-39,375 is a strong Profit booking zone.

The small day range for trading on Nifty is 18,125-18,265, while the medium and bigger day ranges are 18,050-18,300 and 18,000-18,350, respectively.

The small day range for trading on Bank Nifty is 38,500-38,925, while the medium and bigger day ranges are 38,350-39,125 and 38,150-39,225, respectively.

FIIs long position decrease at 65% Vs 66%.

PCR at 1.45 Vs 1.35.

India VIX down by 3% at 17.18.

 

For Existing Long Positions:

Nifty Intraday stop loss is 18,100 and Closing stop loss is 18,000.

Bank Nifty Intraday stop loss is 38,500 and Closing stop loss is 38,350.

For Existing Short Positions:

Nifty Intraday stop loss is 18,350 and Closing stop loss is 18,200.

Bank Nifty Intraday and Closing stop loss are 39,050.

For New Positions:

Buy Nifty in 18,050-18,125 range with a stop loss of 17,975 and target 18,200, 18,225, 18,265, 18,300, 18,350.

Sell Nifty in 18,300-18,375 range with a stop loss of 18,450 and target 18,225, 18,200, 18,125, 18,075, 18,050.

For New Positions:

Buy Bank Nifty in 38,350-38,500 range with a stop loss of 38,000 and target 38,600, 38,725, 38,850, 38,925, 39,025, 39,125.

Sell Bank Nifty in 38,925-39,225 range with a stop loss of 39,300 and target 38,850, 38,725, 38,600, 38,500, 38,450, 38,350.

F&O Ban Update:

New In Ban: SAIL

Already In Ban: Indiabulls Housing Finance, Delta Corp, RBL Bank, Vodafone Idea

Out Of Ban: Nil