Anil Singhvi’s Strategy on Nov 25: Day support zone on Nifty is 17,225-17,275 & Bank Nifty is 37125-37250

Amid neutral global sentiments, negative foreign institutional investors (FIIs) data, positive domestic institutional investors (DIIs) and future & options (F&O) cues, the overall sentiment would be cautious and trend negative on Thursday, November 25, 2021.  

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Earlier on Wednesday Benchmark indices Nifty50 and S&P BSE Sensex erased opening gains to end in the red. Both the indices shed 0.50% during the yesterday's closing.  Nifty gave up 17,500 as the index was down 88.30 points or 0.5% to close at 17,415.05, while Sensex ended 324.34% or 0.55% to 58,340.99.  Nifty IT, FMCG & Auto were the top laggards, while Media, PSU Bank gained marginally. Tata Consumer, Maruti, Infosys were down nearly 2.5 per cent each.

Nifty Bank, however, bounced back to close near 37,500. The banking index, aided by RBL Bank Kotak Bank and ICICI Bank, closed 169 points higher to 37,441.95  

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 25

Day support zone on Nifty is 17225-17275; below 17075-17150 is a strong buy zone
Day higher zone on is Nifty 17500-17550; above that 17600-17675 is a strong sell zone

Day support zone on Bank Nifty is 37125-37250; below that 36650-36750 is a strong buy zone
Day higher zone on Bank Nifty is 37750-37875; above that 37950-38225 is strong sell zone

Small day range on Nifty is 17350-17500, medium range is 17275-17550 and 17200-17600 is a bigger range

Small Day Range on Bank Nifty is 37250-37750, medium range is 37125-37875 , and bigger range is 36650-37950.
 
FIIs Index long decreased to 54% Vs 55%
PCR near oversold at 0.79 Vs 0.84, Short covering expected from lower levels
India VIX down by 5% at 17.10

For Existing Long Positions:
Nifty Intraday stoploss: 17200; Closing stoploss: 17400
Bank Nifty Intraday and Closing stoploss: 37000
 
For Existing Short Positions:
 
Nifty Intraday and Closing stoploss: 17600
BankNifty Intraday stoploss: 37600; Closing stoploss: 38050
 
For New Positions:
Sell Nifty in 17500-17600 range:
Stoploss: 17700; Targets: 17425, 17350, 17275, 17225
 
Aggressive Traders Sell Nifty:
Strict stoploss: 17550;  Targets: 17350, 17275, 17225, 17150, 17075
 
Aggressive Traders Buy Nifty in 17225-17300 range:
Strict stoploss 17150; Tagets: 17350, 17400, 17440, 17500, 17550, 

For New Positions:
Sell Bank Nifty in 37750-37950 range:
Stoploss: 38225;  Targets: 37575, 37450, 37275, 37125
 
Buy Bank Nifty in 36650-36750 range:
Stoploss: 36500; Targets: 36950, 37125, 37225, 37275, 37450
 
Aggressive Traders Buy Bank Nifty in 37125-37275 range:
Strict stoploss: 37100;  Targets: 37450, 37575, 37750, 37875, 37950

F&O Ban Update:
New In Ban: Indiabulls Housing Finance
Out Of Ban: Vodafone Idea  
Already In Ban: Escorts