Amid positive global markets, negative 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 Wednesday, November 9, 2022.

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Nifty support zone 18200-18250, Below that 18050-18125 Strong Buy zone

Nifty higher zone 18300-18350, Above that 18415-18475 Profit booking zone

Bank Nifty support zone 41425-41525, Below that 41200-41350 Strong Buy zone

Bank Nifty higher zone 41775-41850, Above that 41975-42150 Profit booking zone

Nifty support levels 18200, 18175, 18150, 18125, 18075

Nifty higher levels 18260, 18300, 18350, 18415, 18475

Bank Nifty support levels 41675, 41525, 41475, 41425, 41350, 41300

Bank Nifty higher levels 41775, 41825, 41975, 42050, 42150

- FIIs Index Long at 57% Vs 58%

- PCR at 1.04 Vs 1.12

- Bank Nifty PCR at 1.11 Vs 0.91

- India VIX down by 0.5% at 15.59

Also Read: Stock Market LIVE: Sensex, Nifty likely to see positive opening amid positive global, local triggers; SGX Nifty positive

For Existing Long Positions:

- Nifty Intraday STOP LOSS 18150 and Closing STOP LOSS 18000

- Bank Nifty Intraday STOP LOSS 41475 and Closing STOP LOSS 41000

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18425

Bank Nifty Intraday and Closing STOP LOSS 41850

For New Positions:

Buy Nifty: STOP LOSS 18150 Target 18300, 18350, 18375, 18415, 18475

Aggressive Traders Sell Nifty in 18400-18475 range: STOP LOSS 18550 Target 18350, 18300, 18260, 18200, 18175, 18150

For New Positions :

Buy Bank Nifty: STOP LOSS 41475 Target 41775, 41825, 41975, 42050, 42150

Aggressive Traders Sell Bank Nifty near 42000: Strict STOP LOSS 42150 Target 41925, 41850, 41700, 41550, 41475

F&O Ban Update:

Out Of Ban: LIC Housing Finance

Already In Ban: Nil

New In Ban: Nil

Five Star Business Finance IPO Preview:
APPLY FOR LONG TERM

Positives:

Experienced promoters

Unique business model

Strong financial growth

Valuations reasonable

Negatives:

Highly competitive business

Focus only in southern India