Anil Singhvi’s Strategy November 11: Day support zone on Nifty is 18150-18200 & Bank Nifty is 41600-41675

Amid positive global markets, negative domestic institutional investors (DIIs), neutral 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 Friday, November 11, 2022.

Nifty support zone 18150-18200, Below that 18050-18125 Strong Buy zone

Nifty higher zone 18300-18350, Above that 18400-18475 Profit booking zone

Bank Nifty support zone 41600-41675, Below that 41350-41500 Strong Buy zone

Bank Nifty higher zone 41850-41950, Above that 42150-42300 Profit booking zone

Nifty support levels 18200, 18175, 18150, 18125, 18100

Nifty higher levels 18250, 18300, 18350, 18415, 18475

Bank Nifty support levels 41675, 41600, 41525, 41475, 41425, 41350

Bank Nifty higher levels 41775, 41850, 41950, 42050, 42150, 42200, 42300

Also Read: Market LIVE: US CPI data lift mood on Wall Street as frontline indices see best rally in 2.5 yrs; SGX Nifty 300 points up 

- FIIs Index Long at 53% Vs 58%

- PCR at 1.06 Vs 0.86

- Bank Nifty PCR at 0.95 Vs 1.04  

- India VIX down by 2% at 15.57

For Existing Long Positions:

Nifty Intraday and Closing Stop Loss 17975

Bank Nifty Intraday and Closing Stop Loss 41300

For Existing Short Positions:

Nifty Intraday and Closing Stop Loss 18300

Bank Nifty Intraday and Closing Stop Loss 42000

For New Positions:

Buy Nifty: Stop Loss 18150 Target 18250, 18300, 18350, 18415, 18475

Aggressive Traders Sell Nifty in 18350-18425 range:

Strict Stop Loss 18500 Target 18300, 18250, 18200, 18175, 18150, 18125

For New Positions :

Buy Bank Nifty: Stop Loss 41500 Target 41775, 41850, 41950, 42050, 42150, 42200, 42300

F&O Ban Update:

Already In Ban: PNB

New In Ban: Nil

Out Of Ban: Nil

DCX Systems Limited Listing Preview:

Expected to list in 275-290 range against issue price of 207

Keep Stoploss of 260. May go further after listing so keep trailing Stoploss

Kaynes Technology IPO Preview:

APPLY FOR SMALL LISTING GAINS AND LONG TERM

Positives:
Impressive financial track record
Strong growth outlook with capex plans and 2266 Crore order book
Neat, clean and experienced promoters
Reasonable valuations, neither expensive nor very attractive

Negatives:
65% of raw material is imported semi-conductors
Weak free cash flow due to high working capital
83% of total exports from North America and Europe