Anil Singhvi’s Strategy January 14: Day support zone on Nifty is 18,175-18,200 & Bank Nifty is 38,025-38,150

Amid negative global markets, neutral 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 positive on Friday, January 14, 2022. 

Domestic equity benchmarks, the Sensex and the Nifty, on Thursday, January 12, 2022, logged modest gains. Both stocks added even as the cues from the global equity markets were negative. The Sensex closed above the 61,200 level while the Nifty ended above the 18,250 points.

The BSE Sensex climbed 85.26 points, or 0.14 per cent, to finish at 61,235.30. The NSE Nifty also surged 45.45 points, or 0.25 per cent, to settle at 18,257.80. In the sectoral indices at the NSE, the Bank Nifty fell 257.60 points, or 0.67 per cent, to 38,469.95.

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In the broader markets at the BSE, the S&P BSE MidCap and S&P BSE SmallCap rose 0.38 per cent and 0.49 per cent, respectively.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 14:

Day support zone on Nifty is 18,175-18,200, below that 18,050-18,125 is a strong Buy zone.

Day higher zone on Nifty is 18,275-18,300, above that 18,350-18,425 is a Profit booking zone.

Day support zone on Bank Nifty is 38,025-38,150, below that 37,750-37,925 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,700-38,850, above that 38,925-39,025 is a Profit booking zone.

The small day range for trading on Nifty is 18,175-18,300, while the medium and bigger day ranges are 18,125-18,350 and 18,050-18,425, respectively.

The small day range for trading on Bank Nifty is 38,150-38,600, while the medium and bigger day ranges are 38,025-38,700 and 37,925-38,850, respectively.

FIIs long position increased to 67% Vs 65%

PCR at 1.48 Vs 1.45

India VIX down by 3% at 16.71

For Existing Long Positions:

Nifty Intraday stop loss is 18,125 and Closing stop loss is 18,000.

Bank Nifty Intraday stop loss is 38,000 and Closing stop loss is 38,350.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,300.

Bank Nifty Intraday and Closing stop loss are 38,850.

For New Positions:

Buy Nifty in 18,050-18,150 range with a stop loss of 17,975 and target 18,200, 18,265, 18,300, 18,350, 18,375, 18,425.

Sell Nifty in 18,300-18,375 range with a stop loss of 18,450 and target 18,265, 18,225, 18,175, 18,125, 18,075.

Aggressive Traders Sell Nifty with a Strict Stop Loss of 18,325 and target 18,200, 18,175, 18,125, 18,075, 18,050, 18,000.

For New Positions:

Buy Bank Nifty in 38,025-38,150 range with a stop loss of 37,900 and target 38,350, 38,450, 38,500, 38,600, 38,700, 38,850.

Sell Bank Nifty in 38,700-38,850 range with a stop loss of 39,000 and target 38,600, 38,500, 38,450, 38,400, 38,350.

Aggressive Traders Sell Bank Nifty with Strict Stop Loss of 38,750 and target 38,375, 38,150, 38,050, 37,925, 37,875, 37,750.

F&O Ban Update:

Out Of Ban: Delta Corp, RBL Bank

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

New In Ban: Nil