Anil Singhvi’s Strategy November 25: Day support zone on Nifty is 18350-18425 & Bank Nifty is 42725-42850

Indian markets are likley to trade positively on Friday which marks the beginning of Deceber Series, Zee Business Managing Editor Anil Singhvi said. The domestic markets ended strongly on Thursday creating new records, he said. Amid a truncated trading session today on account or Black Friday Sales, there could be stock specific action today, he opined. Amid positive global markets, neutral domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), cautious futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, November 25, 2022.

Nifty support zone 18350-18425, Below that 18250-18325 Strong Buy zone

Nifty higher zone 18525-18575, Above that 18600-18675 Profit booking zone

Bank Nifty support zone 42725-42850, Below that 42450-42625 Strong Buy zone

Bank Nifty higher zone 43150-43300, Above that 43400-43550 Profit booking zone

Nifty support levels 18450, 18400, 18350, 18325, 18300, 18250

Nifty higher levels 18500, 18525, 18575, 18600, 18650

Bank Nifty support levels 43000, 42850, 42775, 42725, 42625, 42550, 42450

Bank Nifty higher levels 43150, 43250, 43300, 43375, 43450

- FIIs Index Long on higher side at 77% Vs 67%

- PCR near Overbought level at 1.38 Vs 0.92, cautious on higher level

- Bank Nifty PCR at 1.31 Vs 1.21

- India VIX down by 4% at 13.48

For Existing Long Positions:

Nifty Intraday STOP LOSS 18400 n Closing STOP LOSS 18250

Bank Nifty Intraday STOP LOSS 42700 n Closing STOP LOSS 42300

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18625

Bank Nifty Intraday n Closing STOP LOSS 43200

Read More: Stock Market Today Live: Cues mixed for Sensex, Nifty amid negative SGX Nifty, Dow Futures and truncated Friday session on Wall Street

For New Positions:

Buy Nifty in 18350-18425 range:

STOP LOSS 18250 Target 18475, 18525, 18575, 18600, 18650

Aggressive Traders Sell Nifty near 18600:
Strict STOP LOSS 18650 Target 18525, 18475, 18425, 18400, 18350

For New Positions :

Buy Bank Nifty in 42725-42850 range:

STOP LOSS 42500 Target 42975, 43075, 43150, 43225, 43300, 43450

Aggressive Traders Sell Bank Nifty in 43400-43500 range:

Strict STOP LOSS 43600 Target 43300, 43150, 43075, 43000, 42875, 42775

F&O Ban Update:

Out Of Ban: PNB

New In Ban: Nil

Already In Ban: Nil