Anil Singhvi’s Strategy January 4: Day support zone on Nifty is 18100-18150 & Bank Nifty is 43150-43250

Frontline indices S&P BSE Sensex and Nifty50 are set to open weak amid negative global cues, Zee Business Managing Editor Anil Singhvi said. There could be fresh buying opprotunities near support levels, he added. Amid negative global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and netral sentiment cues, the short-term trend of the Indian stock markets will be positive on Wednesday, January 4, 2023.

Nifty support zone 18100-18150, Below that 18000-18065 Strong Buy zone

Nifty higher zone 18250-18300, Above that 18350-18400 Strong Sell zone

Bank Nifty support zone 43150-43250, Below that 42825-42950 Strong Buy zone

Bank Nifty higher zone 43500-43625, Above that 43700-43850 Strong Sell zone

Nifty support levels 18200, 18150, 18125, 18100, 18065, 18025, 17975

Nifty higher levels 18250, 18275, 18300, 18350, 18400

Bank Nifty support levels 43300, 43250, 43200, 43150, 43025, 42950, 42825

Bank Nifty higher levels 43425, 43500, 43625, 43700, 43850, 43950

Read More: Stock Market Today LIVE: Sensex, Nifty set to open amid weak global cues; SGX Nifty trades in red

- FIIs Index Long at 45% Vs 47%

- PCR at 1.06 Vs 1.02

- Bank Nifty PCR at 1.10 Vs 0.93

- India VIX down by 2% at 14.39

For Existing Long Positions

Nifty Intraday STOP LOSS 17975 n Closing STOP LOSS 18100

Bank Nifty Intraday STOP LOSS 43000 n Closing STOP LOSS 42800

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18300
Bank Nifty Intraday and Closing STOP LOSS 43625

For New Positions:

Buy Nifty in 18075-18150 range:
STOP LOSS 17975 Tgt 18200, 18225, 18250, 18300, 18350

Sell Nifty in 18250-18325 range:
STOP LOSS 18400 Tgt 18200, 18150, 18125, 18100, 18065, 18025

For New Positions:

Buy BankNifty in 42825-42950 range:
STOP LOSS 42600 Tgt 43025, 43125, 43200, 43250, 43300, 43375, 43425

Aggressive Traders Buy BankNifty in 43150-43250 range:
Strict STOP LOSS 43000 Tgt 43300, 43375, 43425, 43475, 43625, 43700

Aggressive Traders Sell Bank Nifty in 43500-43625 range:
Strict STOP LOSS 43750 Tgt 43425, 43375, 43300, 43250, 43200, 43125, 42950

No Stocks in F&O Ban

Radiant Cash Listing Preview:

Expected to list around issue price of 99

Short Term Investors keep Stoploss of 90