Anil Singhvi Strategy January 10: Day support zone on Nifty is 18000-18050 & Bank Nifty is 42200-42300

Domestic markets are seto to trade amid mixed global cues on Tuesday, Zee Business Managing Editor Anil Singhvi said while spelling out his strategy on Nifty and Bank Nifty. He expects Nifty and Bank Nifty to trade within a range. On TCS results, he said the Q3 earnings reported by the company were mixed and he does not expect a big move on either side in this stock.

Amid negative 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 Tuesday, January 10, 2023.

Nifty support zone 18000-18050, Below that 17850-17925 Strong Buy zone

Nifty higher zone 18150-18200, Above that 18225-18300 Strong Sell zone

Bank Nifty support zone 42200-42300, Below that 41875-42025 Strong Buy zone

Bank Nifty higher zone 42825-42950, Above that 43100-43300 Strong Sell zone

Nifty support levels 18050, 18025, 18000, 17925, 17900, 17850

Nifty higher levels 18125, 18150, 18200, 18225, 18250, 18300

Bank Nifty support levels 42500, 42425, 42300, 42200, 42025, 41875

Bank Nifty higher levels 42700, 42775, 42825, 42950, 43025, 43100, 43200, 43300

Read More: Stock Market Today LIVE: Sensex Nifty set to trade in range amid mixed global cues; SGX Nifty in red

- FIIs Index Long at 49% Vs 41%

- PCR at 0.97 Vs 0.75

- Bank Nifty PCR at 0.75 Vs 0.58

- India VIX down by 2.5% at 14.65

For Existing Long Positions:

Nifty intraday STOP LOSS 17925 and closing STOP LOSS 17800

Bank Nifty intraday and closing STOP LOSS 42150  

For Existing Short Positions:

Nifty intraday and closing STOP LOSS 18250

Bank Nifty intraday and closing STOP LOSS 43000

For New Positions:

Buy Nifty: STOP LOSS 17925 Target 18125, 18150, 18200, 18225, 18250

Sell Nifty in 18150-18250 range: STOP LOSS 18300 Target 18100, 18050, 18025, 18000, 17925, 17900

For New Positions:

Buy BankNifty:

STOP LOSS 42150 Target 42700, 42775, 42825, 42950, 43025, 43100

Aggressive Traders Sell Bank Nifty in 42825-42950 range:

Strict STOP LOSS 43100 Target 42700, 42625, 42500, 42400, 42300, 42200

F&O Ban Update:

New In Ban: GNFC

Already In Ban: IBull Housing Finance

Out Of Ban: Nil