Anil Singhvi’s Strategy January 18: Day support zone on Nifty is 18,200-18,250 & Bank Nifty is 38,000-38,125

Amid neutral global markets, domestic institutional investors (DIIs), future & options (F&O), negative foreign institutional investors (FIIs) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, January 18, 2022. 

At the domestic stock markets, key indices posted slight gains on Monday, January 17, 2022. The S&P BSE Sensex gained 85.88 points, or 0.14 per cent, to end at 61,308.91. The Nifty at the National Stock Exchange rose 52.35 points, or 0.29 per cent, to 18,308. However, the Bank Nifty index declined 154.25 points, or 0.40 per cent, to settle at 38,216.15.

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In the broader markets at the BSE, the S&P BSE MidCap and S&P BSE SmallCap closed 0.23 per cent and 0.61 per cent higher, respectively.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 18:

Day support zone on Nifty is 18,200-18,250, below that 18,050-18,125 is a strong Buy zone.

Day higher zone on Nifty is 18,350-18,425, above that 18,475-18,540 is a profit booking zone.

Day support zone on Bank Nifty is 38,000-38,125, below that 37,700-37,925 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,375-38,475, above that 38,600-38,850 is a strong Sell zone.

The small day range for trading on Nifty is 18,250-18,350, while the medium and bigger day ranges are 18,200-18,425 and 18,125-18,475, respectively.

The small day range for trading on Bank Nifty is 38,025-38,375, while the medium and bigger day ranges are 37,850-38,475 and 37,700-38,600, respectively.

FIIs long position decreased to 64% Vs 66%.

PCR at 1.33 Vs 1.25.

India VIX up by 1% at 16.77.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 18,175.

Bank Nifty Intraday and Closing stop loss are 37,900.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,325.

Bank Nifty Intraday stop loss is 38,625 and Closing stop loss is 38,750.

For New Positions:

Buy Nifty in 18,200-18,250 range with a stop loss of 18,100 and target 18,275, 18,300, 18,325, 18,375, 18,425.

Aggressive Traders Buy Nifty with a strict stop loss of 18,200 and target 18,350, 18,375, 18,425, 18,475, 18,540.

Sell Nifty in 18,375-18,475 range with a stop loss of 18,550 and target 18,325, 18,275, 18,250, 18,200, 18,125.

For New Positions:

Buy Bank Nifty in 37,700-37,925 range with a stop loss of 37,600 and target 38,000, 38,125, 38,350, 38,400, 38,475.

Aggressive Traders Buy Bank Nifty with a strict stop loss of 38,000 and target 38,350, 38,475, 38,600, 38,725, 38,850.

Sell Bank Nifty in 38,600-38,800 range with a stop loss of 39,000 and target 38,500, 38,400, 38,350, 38,150, 38,025.

F&O Ban Update:

New In Ban: Granules

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

Out Of Ban: Nil