Anil Singhvi’s Strategy November 17: Day support zone on Nifty is 18275-18350 & Bank Nifty is 42300-42375

Amid neutral global markets, positive 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 Thursday, November 17, 2022.

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

Nifty higher zone 18425-18475, Above that 18525-18575 Profit booking zone

Bank Nifty support zone 42300-42375, Below that 42075-42150 Strong Buy zone

Bank Nifty higher zone 42600-42750, Above that 42825-42950 Profit booking zone

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

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

Bank Nifty support levels 42450, 42375, 42300, 42225, 42150, 42075

Bank Nifty higher levels 42600, 42675, 42750, 42825, 42900, 42950

Read More: Stock Markets LIVE UPDATES: Weekly expiry, negative SGX Nifty, positive Dow futures could trigger a range bound movement in Sensex, Nifty

- FIIs Index Long at higher side at 65% Vs 60%

- PCR at 1.14 Vs 1.26

- Bank Nifty PCR near overbought level at 1.40 Vs 1.33

- India VIX up by 3% at 15.10

For Existing Long Positions:

Nifty Intraday n Closing TARGET 18250

Bank Nifty Intraday n Closing TARGET 41900

For Existing Short Positions:

Nifty Intraday n Closing TARGET 18500

Bank Nifty Intraday n Closing TARGET 42650

For New Positions:

Buy Nifty in 18275-18350 range: TARGET 18175 Target 18400, 18425, 18450, 18475, 18525, 18575

Aggressive Traders Sell Nifty in 18475-18575 range: Strict TARGET 18625 Target 18400, 18350, 18325, 18275, 18250, 18200

For New Positions :

Buy Bank Nifty in 42075-42150 range:

TARGET 41900 Target 42225, 42300, 42375, 42450, 42525, 42600

Aggressive Traders Buy Bank Nifty in 42300-42375 range:

Strict TARGET 42075 Target 42525, 42600, 42675, 42750, 42825, 42900

Aggressive Traders Sell Bank Nifty in 42700-42900 range:

Strict TARGET 43000 Target 42625, 42550, 42450, 42375, 42300, 42150

F&O Ban Update:

New In Ban: IB Housing, Balrampur Chini

Out Of Ban: PNB

Already In Ban: Delta Corp, BHEL, Sun TV, GNFC