Anil Singhvi’s Strategy January 3: Day support zone on Nifty is 18065-18125 & Bank Nifty is 42825-42950

Indian markets will take cues from from global markets, Zee Business Managing Editor Anil Singhvi said while spelling out his strategy on Nifty and Bank Nifty. He said that impact of weakness in Dow Futures has trickled down in SGX Nifty as well. Indian markets ended Monday with gains and there could be fresh buying opportunities at lower levels, Singhvi said. Amid negative global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and negative sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, January 3, 2023.

Nifty support zone 18065-18125, Below that 17975-18025 Strong Buy zone

Nifty higher zone 18200-18250, Above that 18300-18350 Profit Booking zone

Bank Nifty support zone 42825-42950, Below that 42625-42700 Strong Buy zone

Bank Nifty higher zone 43375-43500, Above that 43625-43850 Strong Sell zone

Nifty support levels 18150, 18125, 18100, 18065, 18025, 18000, 17975

Nifty higher levels 18225, 18250, 18275, 18300, 18350

Bank Nifty support levels 43125, 43025, 42950, 42825, 42700, 42625

Bank Nifty higher levels 43250, 43300, 43375, 43425, 43500, 43625, 43700

Read More: Stock Market Today LIVE: Sensex, Nifty top open amid weak global cues; SGX Nifty, Dow futures trade in red

- FIIs Index Long at 47% Vs 50%

- PCR at 1.02 Vs 0.88

- Bank Nifty PCR at 0.93 Vs 0.80

- India VIX down by 1.5% at 14.69

#MarketStrategy | निफ्टी और बैंक निफ्टी पर अनिल सिंघवी की दमदार स्ट्रैटेजी#Nifty #BankNifty | @AnilSinghvi_ | #ZeeBusiness | #StockMarket pic.twitter.com/BK22NoiZi5

— Zee Business (@ZeeBusiness) January 3, 2023

For Existing Long Positions:

Nifty intraday and closing stop loss 17975

Bank Nifty intraday and closing stop loss 42800

For Existing Short Positions:

Nifty intraday and closing stop loss 18300

Bank Nifty intraday and closing stop loss 43500

For New Positions:

Buy Nifty in 18065-18125 range:

Stop loss 17975 Target 18175, 18200, 18225, 18250, 18275, 18300

Stop loss in 18250-18325 range:

Stop loss 18400 Tgt 18200, 18150, 18125, 18100, 18065, 18025

For New Positions:

Buy Bank Nifty in 42825-42950 range:

Stop loss 42600 target 43025, 43125, 43200, 43250, 43300, 43375, 43425, 43500

Aggressive Traders Sell Bank Nifty in 43375-43500 range:

Strict STOP LOSS 43650 Tgt 43300, 43250, 43200, 43125, 43025, 42950, 42825

No Stocks in F&O Ban