Anil Singhvi’s Strategy November 24: Day support zone on Nifty is 18200-18250 & Bank Nifty is 42550-42625

Indian markets are likley to trade positively on Thursday amid favourable global market cues and resurgent Bank Nifty says Zee Business Managing Editor Anil Singhvi. The markets have all the ingredients to go up from US Markets, positive SGX Nifty and lighter domestic markets on account of monthly expiry, Singhvi said. Amid positive global markets, positive domestic institutional investors (DIIs), negative 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 24, 2022.

Nifty support zone 18200-18250, Below that 18125-18175 Strong Buy zone

Nifty higher zone 18325-18350, Above that 18400-18450 Profit booking zone

Bank Nifty support zone 42550-42625, Below that 42350-42450 Strong Buy zone

Bank Nifty higher zone 42850-42950, Above that 43050-43150 Profit booking zone

Nifty support levels 18250, 18200, 18175, 18135

Nifty higher levels 18300, 18325, 18350, 18400, 18425, 18450

Bank Nifty support levels 42625, 42550, 42500, 42450, 42375, 42300

Bank Nifty higher levels 42850, 42950, 43000, 43050, 43150

- FIIs Index Long at 67% Vs 68%
- PCR at 0.92 Vs 0.99
- Bank Nifty PCR at 1.21 Vs 1.09
- India VIX up by 1.5% at 14.44

Read More: Stock Market Today LIVE UPDATES: FOMC minutes infuse positivity in global markts as Sensex, Nifty get ready for monthly expiry

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 18125

Bank Nifty Intraday STOP LOSS 42450 an Closing STOP LOSS 42300

For Existing Short Positions:

- Nifty Intraday n Closing STOP LOSS 18450

- Bank Nifty Intraday STOP LOSS 42900 n Closing STOP LOSS 42750

For New Positions:

Buy Nifty:

STOP LOSS 18200 Target 18300, 18325, 18350, 18400, 18425, 18450

Sell Nifty in 18350-18425 range:

STOP LOSS 18500 Target 18300, 18275, 18250, 18200, 18150

For New Positions :

Buy Bank Nifty:

STOP LOSS 42450 Target 42850, 42950, 43000, 43050, 43150

Aggressive Traders Sell Bank Nifty in 42900-43000 range:

Strict STOP LOSS 43200 Target 42850, 42750, 42625, 42550, 42500

F&O Ban Update:

New In Ban: PNB

Out Of Ban: Nil

Already In Ban: Nil

Keystone Realtors Listing Preview:

Expected to list near or Stop Lossightly above issue price of 541

Short Term Investors keep stoploss of 525