Anil Singhvi’s Strategy January 5: Day support zone on Nifty is 17925-18000 & Bank Nifty is 42500-42625

Indian markets are set to open amid positive global cues, Zee Business Managing Editor Anil Singhvi said. After Wednesday's correction, markets are relatively lighter on the day of weekly expiry, he added. Meanwhile, US Federal Reserve's commentary on inflation and interest rate is a dampener, he further said. Amid positive global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), positive futures & options (F&O) and negative sentiment cues, the short-term trend of the Indian stock markets will be positive on Thursday, January 5, 2023.

Nifty support zone 17925-18000, Below that 17775-17825 Strong Buy zone

Nifty higher zone 18100-18150, Above that 18175-18250 Strong Sell zone

Bank Nifty support zone 42500-42625, Below that 42225-42400 Strong Buy zone

Bank Nifty higher zone 43150-43300, Above that 43375-43475 Strong Sell zone

Nifty support levels 18025, 17975, 17925, 17850, 17825, 17775

Nifty higher levels 18075, 18100, 18125, 18150, 18200, 18225, 18250

Bank Nifty support levels 42825, 42700, 42625, 42500, 42400, 42300, 42225

Bank Nifty higher levels 43025, 43150, 43200, 43250, 43300, 43375, 43425, 43475

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

- FIIs Index Long at 36% Vs 45%

- PCR at 0.72 Vs 1.06

- Bank Nifty PCR at 0.61 Vs 1.10

- India VIX up by 6% at 15.20

For Existing Long Positions:

Nifty Intraday STOP LOSS 17950 and Closing STOP LOSS 17800
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 17775-17825 range:
STOP LOSS 17700 Target 17925, 17975, 18000, 18025, 18050

Aggressive Traders Buy Nifty:
Strict STOP LOSS 17950 Target 18075, 18100, 18125, 18150, 18200, 18225, 18250

Sell Nifty in 18125-18225 range:
STOP LOSS 18300 Target 18075, 18050, 18025, 17975, 17925, 17825

For New Positions:

Buy BankNifty in 42500-42625 range:
STOP LOSS 42200 Target 42700, 42825, 42950, 43025, 43150

Aggressive Traders Buy BankNifty:
Strict STOP LOSS 42800 Target 43025, 43150, 43200, 43250, 43300, 43375, 43425

Aggressive Traders Sell Bank Nifty in 43200-43375 range:
Strict STOP LOSS 43600 Target 43025, 42950, 42850, 42700, 42625, 42500

No Stocks in F&O Ban