Nifty Strategy Today By Anil Singhvi, Zee Business, Nifty Bank Today: Domestic benchmark indices -- Sensex and Nifty50 -- are likely to open lower today, December 6, amid weak global cues. At 8:50 AM, SGX Nifty traded in red, down by nearly 90 points at 18,724.

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Nifty Strategy By Anil Singhvi Today, December 6

Global: Negative

FII: Negative

DII: Positive

F&O: Neutral

Sentiment: Positive

Trend: Positive

Nifty support zone 18600-18650, Below that 18500-18550 Strong Buy zone

Nifty higher zone 18700-18750, Above that 18775-18875 Profit booking zone

Bank Nifty support zone 43000-43125, Below that 42875-42925 Strong Buy zone

Bank Nifty higher zone 43375-43500, Above that 43600-43750 Profit booking zone

Nifty support levels 18650, 18625, 18600, 18550, 18500

Nifty higher levels 18725, 18750, 18775, 18815, 18875

Bank Nifty support levels 43275, 43225, 43125, 43100, 43050, 42975, 42925

Bank Nifty higher levels 43375, 43500, 43600, 43675, 43750

FIIs Index Long unchanged at 66%

PCR at 0.90 Vs 0.94

Bank Nifty PCR at 1.09 Vs 0.79

India VIX up by 2% at 13.73

For Existing Long Positions:

Nifty Intraday and Closing Stop Loss 18500

Bank Nifty Intraday and Closing Stop Loss 42950

For Existing Short Positions:

Nifty Intraday Stop Loss 18900 and Closing Stop Loss 18825

Bank Nifty Intraday and Closing Stop Loss 43550

For New Positions:

Buy Nifty in 18550-18625 range:

Stop Loss 18475 Target 18700, 18725, 18750, 18775, 18815, 18875

Sell Nifty in 18750-18825 range:

Stop Loss 18900 Target 18700, 18650, 18625, 18600, 18550, 18500

For New Positions :

Buy Bank Nifty in 43000-43125 range:

Stop Loss 42875 Target 43225, 43275, 43325, 43375, 43500

Aggressive Traders Sell Bank Nifty near 43500:

Strict Stop Loss 43600 Target 43375, 43325, 43275, 43225, 43125, 43050, 43000

In the previous session, the BSE Sensex fell 34 points to 62,835, while Nifty50 gained 5 points to close at 18,701.

Stock Market Today Live: Sensex, Nifty set for sharp fall on weak cues ahead of RBI MPC decision