Anil Singhvi Strategy January 6: Day support zone on Nifty is 17875-17925 & Bank Nifty is 42125-42300
Amid negative global markets, neutral domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), neutral futures & options (F&O) and negative sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, January 6, 2023
Indian markets have traded under some pressure over the past two sessions and the current triggers are still on weaker side, Zee Business Managing Editor Anil Singhvi said. Dollar Index has also come back to levels around 105, which is a worry, he further said. The good thing for today is that the markets are lighter and off Thursday's expiry duress, Singhvi said while giving his strategy on Nifty and Bank Nifty.
Amid negative global markets, neutral domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), neutral futures & options (F&O) and negative sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, January 6, 2023.
Nifty support zone 17875-17925, Below that 17775-17825 Strong Buy zone
Nifty higher zone 18065-18100, Above that 18125-18225 Strong Sell zone
Bank Nifty support zone 42125-42300, Below that 41850-41950 Strong support zone
Bank Nifty higher zone 42825-42950, Above that 43125-43300 Strong Sell zone
Nifty support levels 17975, 17925, 17900, 17875, 17825, 17775
Nifty higher levels 18025, 18065, 18100, 18125, 18150, 18200, 18225
Bank Nifty support levels 42500, 42400, 42300, 42225, 42125, 42025, 41950, 41850
Bank Nifty higher levels 42700, 42775, 42825, 42950, 43025, 43125, 43200, 43250
- FIIs Index Long at 41% Vs 36%
- PCR at 0.97 Vs 0.72
- Bank Nifty PCR at 0.72 Vs 0.61
- India VIX down by 1.5% at 14.98
For Existing Long Positions:
Nifty intraday STOP LOSS 17750 and closing STOP LOSS 17950
Bank Nifty intraday STOP LOSS 42200 and closing STOP LOSS 42500
For Existing Short Positions:
Nifty intraday STOP LOSS 18125 and closing STOP LOSS 18250
Bank Nifty intraday STOP LOSS 43000 and closing STOP LOSS 43200
For New Positions:
Buy Nifty in 17775-17825 range:
STOP LOSS 17700 Target 17900, 17925, 17975, 18000, 18025, 18065
Sell Nifty in 18125-18225 range:
STOP LOSS 18275 Target 18065, 18025, 17975, 17925, 17900, 17825
For New Positions:
Buy Bank Nifty in 42125-42300 range:
STOP LOSS 41950 Target 42400, 42500, 42625, 42700, 42775, 42825, 42950
Sell Bank Nifty in 42950-43125 range:
STOP LOSS 43300 Target 42825, 42775, 42700, 42625, 42500, 42400, 42300, 42225
- F&O Ban Update:
- New In Ban: IBull Housing Finance
- Already In Ban: Nil
- Out Of Ban: Nil
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