Anil Singhvi's strategy on Nifty, Bank Nifty today, January 2: Check buy, sell and support levels

Anil Singhvi Strategy Today, January 2: Sensex and Nifty are likely to start the New Year on a tepid note amid weak global cues. Nifty Futures on the Singapore Exchange traded 40 points lower at 18,183 around 8:40 am. 

Earlier on December 30, the last trading session of the calendar year 2022, Sensex and Nifty ended on a negative note. While Sensex slipped 293.14 points to end at 60,840.74, Nifty ended 85.70 points lower at 18,105.30.

Meanwhile, markets in Japan, China, Hong Kong, the US and the UK are shut today.

Anil Singhvi strategy on Nifty, Bank Nifty today, January 2

Global: Negative
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive

Nifty support zone 17975-18025, Below that 17775-17825 Strong Buy zone

Nifty higher zone 18125-18175, Above that 18200-18275 Profit Booking zone

Bank Nifty support zone 42700-42825, Below that 42400-42625 Strong Buy zone

Bank Nifty higher zone 43225-43300, Above that 43375-43500 Profit Booking zone

Nifty support levels 18075, 18025, 17975, 17925, 17825, 17775

Nifty higher levels 18125, 18150, 18175, 18200, 18250, 18275

Bank Nifty support levels 42825, 42775, 42700, 42625, 42500, 42400, 42300

Bank Nifty higher levels 43025, 43125, 43225, 43300, 43375, 43425, 43500

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FIIs Index Long at 50% Vs 57%
PCR at 0.88 Vs 1.41
Bank Nifty PCR at 0.80 Vs 1.37
India VIX up by 0.5% at 14.87

For Existing Long Positions:

Nifty Intraday and Closing Stop Loss 17950
Bank Nifty Intraday and Closing Stop Loss 42600

For Existing Short Positions:

Nifty Intraday and Closing Stop Loss 18300
Bank Nifty Intraday and Closing Stop Loss 43500

For New Positions:

Buy Nifty in 17975-18025 range:
Stop Loss 17900 Target 18075, 18100, 18125, 18175, 18200, 18225, 18250

Sell Nifty in 18175-18250 range:
Stop Loss 18300 Target 18125, 18100, 18075, 18025, 18000, 17975

For New Positions:

Buy BankNifty in 42500-42700 range:
Stop Loss 42375 Target 42775, 42850, 42925, 42975, 43025, 43125, 43225, 43300

Sell Bank Nifty in 43375-43500 range:
SL 43650 Tgt 43300, 43225, 43125, 43025, 42925, 42850, 42775, 42700

No Stocks in F&O Ban

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