Anil Singhvi’s Strategy on Nifty, Bank Nifty today, December 23: Check buy and support levels

Anil Singhvi Strategy on Nifty, Bank Nifty: Stock Market is likely to remain volatile today, December 23, given uncertainty amid rising Covid-19 cases in China and other countries. New Delhi has also started taking precautionary measures to check the graph of the cases. This has led to cautiousness among investors.

Marke Guru and Zee Business Managing Editor Anil Singhvi has advised viewers to keep positions light in view of the volatility and trade with strict stop loss.

Anil Singhvi Strategy on Nifty and Bank Nifty today, December 23:

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

Nifty support zone 17975-18025, Below that 17825-17900 Strong Buy zone

Nifty higher zone 18175-18225, Above that 18250-18325 Strong Sell zone

Bank Nifty support zone 42075-42200, Below that 41775-41950 Strong Buy zone

Bank Nifty higher zone 42625-42750, Above that 42875-42950 Strong Sell zone

Nifty support levels 18075, 18025, 17975, 17925, 17900, 17835

Nifty higher levels 18150, 18200, 18250, 18275, 18300

Bank Nifty support levels 42225, 42150, 42075, 41950, 41850, 41775, 41675, 41600

Bank Nifty higher levels 42550, 42625, 42750, 42875, 42950

FIIs Index Long at 46% Vs 48%

PCR at 0.88 Vs 0.70

Bank Nifty PCR at 0.74 Vs 0.50

India VIX down by 2.5% at 15.19

For Existing Long Positions:

Nifty Intraday and Closing Stop Loss 17950

Bank Nifty Intraday SL 42200 and Closing Stop Loss 42000

For Existing Short Positions:

Nifty Intraday and Closing Stop Loss 18325

Bank Nifty Intraday and Closing Stop Loss 43000

For New Positions:

Buy Nifty in 17925-18025 range:
Stop Loss 17800, Target 18075, 18125, 18150, 18200, 18250, 18275

Sell Nifty in 18200-18275 range:
Stop Loss 18325, Target 18125, 18075, 18025, 17975, 17925, 17900, 17850

For New Positions:

Buy Bank Nifty in 41775-41950 range:
Stop Loss 41600, Target 42075, 42150, 42225, 42300, 42375, 42450, 42600

Sell Bank Nifty in 42875-42950 range:
Stop Loss 43150, Target 42750, 42625, 42550, 42425, 42300, 42225

F&O Ban Update:

Out Of Ban: IRCTC, GNFC
Already In Ban: IB Housing Fin
New In Ban: Nil

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