Anil Singhvi’s Strategy November 18: Day support zone on Nifty is 18275-18325 & Bank Nifty is 42300-42375

Amid neutral global markets, positive 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 Friday, November 18, 2022.

Nifty support zone 18275-18325, Below that 18175-18250 Strong Buy zone

Nifty higher zone 18400-18450, Above that 18475-18525 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 18325, 18275, 18250, 18200, 18175

Nifty higher levels 18400, 18425, 18475, 18525, 18575

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

Bank Nifty higher levels 42525, 42600, 42675, 42750, 42825, 42900

- FIIs Index Long at 64% Vs 65%

- PCR at 1.07 Vs 1.14

- Bank Nifty PCR at 1.03 Vs 1.40

- India VIX down by 1.5% at 14.88

For Existing Long Positions:

Nifty Intraday n Closing STOP LOSS 18250

Bank Nifty Intraday n Closing STOP LOSS 42000

For Existing Short Positions:

Nifty Intraday n Closing STOP LOSS 18450

Bank Nifty Intraday n Closing STOP LOSS 42650

Read More: Stock Markets LIVE: Sensex, Nifty likely to trade in range amid mixed cues; SGX Nifty positive, Dow futures flat

 For New Positions:

Buy Nifty:

STOP LOSS 18250 Target 18400, 18425, 18450, 18475, 18525, 18575

Aggressive Traders Sell Nifty in 18450-18525 range:

Strict STOP LOSS 18625 Target 18425, 18400, 18350, 18325, 18275, 18250

For New Positions :

Buy Bank Nifty in 42150-42300 range:

STOP LOSS 42000 Target 42375, 42450, 42525, 42600

Aggressive Traders Buy Bank Nifty:

Strict STOP LOSS 42300 Target 42525, 42600, 42675, 42750, 42825, 42900

Aggressive Traders Sell Bank Nifty in 42600-42650 range:

Strict STOP LOSS 42725 Target 42525, 42450, 42375, 42300, 42150

F&O Ban Update:

Already In Ban: IB Housing, Balrampur Chini, Delta Corp, BHEL, Sun TV, GNFC

New In Ban: Nil

Out Of Ban: Nil