Anil Singhvi’s Strategy November 16: Day support zone on Nifty is 18275-18350 & Bank Nifty is 42075-42150

Amid neutral global markets, neutral 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 Wednesday, November 16, 2022.

Nifty support zone 18275-18350, Below that 18175-18250 Strong Buy zone

Nifty higher zone 18400-18475, Above that 18525-18575 Profit booking zone

Bank Nifty support zone 42075-42150, Below that 41925-41975 Strong Buy zone

Bank Nifty higher zone 42450-42600, Above that 42675-42800 Profit booking zone

Nifty support levels 18350, 18325, 18300, 18275, 18250, 18200, 18175

Nifty higher levels 18425, 18450, 18475, 18525, 18575, 18600

Bank Nifty support levels 42225, 42150, 42075, 41975, 41925, 41850

Bank Nifty higher levels 42450, 42525, 42600, 42675, 42800

Also Read: Stock Market Today: Poland missile attack keeps global markets on edge; SGX Nifty, Dow futures in red

- FIIs Index Long unchanged at 60%
- PCR at 1.26 Vs 1.03
- Bank Nifty PCR at 1.33 Vs 1.04
- India VIX down by 2% at 14.64

For Existing Long Positions:

Nifty Intraday n Closing STOP LOSS 18250

Bank Nifty Intraday n Closing STOP LOSS 41900

For Existing Short Positions:

Nifty Intraday n Closing STOP LOSS 18500

Bank Nifty Intraday n Closing STOP LOSS 42500

For New Positions:

Buy Nifty in 18250-18350 range:

STOP LOSS 18150 Target 18400, 18425, 18450, 18475, 18525, 18575

Sell Nifty in 18450-18525 range:

STOP LOSS 18625 Target 18400, 18350, 18325, 18275, 18250, 18200

For New Positions :

Buy Bank Nifty in 41925-42075 range: STOP LOSS 41800 Target 42150, 42225, 42375, 42450, 42525, 42600

Aggressive Traders Sell Bank Nifty in 42450-42500 range: Strict STOP LOSS 42600 Target 42375, 42225, 42150, 42075, 41975, 41925

F&O Ban Update:

New In Ban: Delta Corp

Already In Ban: BHEL, Sun TV, GNFC, PNB

Out Of Ban: Nil

Global Health Listing Preview:

Expected to list in 360-370 range against issue price of 336

Short Term Investors keep Stop loss of 345

Bikaji Foods Listing Preview:

Expected to list at Stop Lossight premium in 320-330 range against issue price of 300

Short Term Investors keep Stop loss of 295