Amid positive global markets, negative domestic institutional investors (DIIs), positive foreign institutional investors (FIIs), neutral futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, November 1, 2022.

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Nifty support zone 17975-18025, Below that 17825-17900 Strong Buy zone

Nifty higher zone 18075-18125, Above that 18200-18265 Profit booking zone

Bank Nifty support zone 41125-41200, Below that 40850-41025 Strong Buy zone

Bank Nifty higher zone 41425-41525, Above that 41675-41825 Profit booking zone

Nifty support levels 18025, 17975, 17900, 17850, 17825

Nifty higher levels 18075, 18125, 18200, 18265

Bank Nifty support levels 41175, 41100, 41025, 40850

Bank Nifty higher levels 41425, 41475, 41525, 41675, 41825, 41975

- FIIs Index Long at 63% Vs 57%

- PCR at 1.32 Vs 1.12

- BankNifty PCR near oversold level at 0.93 Vs 0.71

- India VIX down by 1% at 15.80

For Existing Long Positions:
Nifty Intraday Stop Loss 17900 and Closing Stop Loss 17775

BankNifty Intraday and Closing Stop Loss 41000

For Existing Short Positions:

Nifty Intraday and Closing Stop Loss 18125

BankNifty Intraday and Closing Stop Loss 41550

For New Positions:

Buy Nifty: Stop Loss 17900 Tgt 18075, 18100, 18125, 18175, 18200, 18265

Sell Nifty in 18175-18265 range: Stop Loss 18350 Tgt 18125, 18100, 18075, 18025, 17975, 17900

For New Positions:

Buy BankNifty: Stop Loss 41000 Tgt 41425, 41475, 41525, 41675, 41825, 41975

Aggressive Traders Sell BankNifty in 41800-41850 range: Strict Stop Loss 41900 Target 41525, 41475, 41425, 41300, 41200, 41125, 41025

No Stocks in F&O Ban