Anil Singhvi’s Strategy December 21: Day support zone on Nifty is 18200-18275 & Bank Nifty is 43225-43300

Amid positive global markets, neutral domestic institutional investors (DIIs), neutral 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 Wednesday, December 21, 2022.

Here is the Zee Business Managing Editor Anil Singhvi’s market strategy for today

Nifty support zone 18200-18275

Nifty higher zone 18450-18500, Above that 18525-18600 Profit booking zone

Bank Nifty support zone 43225-43300, Below that 42950-43125 Strong Buy zone

Bank Nifty higher zone 43500-43650, Above that 43700-43850 Profit booking zone

Nifty support levels 18350, 18300, 18275, 18250, 18200

Nifty higher levels 18425, 18500, 18525, 18550, 18575, 18600

Bank Nifty support levels 43300, 43225, 43125, 43075, 42950

Bank Nifty higher levels 43425, 43500, 43600, 43650, 43700, 43775, 43850

FIIs Index Long at 49% Vs 59%

PCR unchanged at 1.01

Bank Nifty PCR at 0.91 Vs 0.97

India VIX up by 2% at 13.78

For Existing Long Positions:

Nifty Intraday n Closing Stop Loss 18200

Bank Nifty Intraday n Closing Stop Loss42950

For Existing Short Positions:

Nifty Intraday n Closing Stop Loss18525

Bank Nifty Intraday SL 43500 n Closing Stop Loss 43700

For New Positions:

Buy Nifty:

Stop Loss 18200 Tgt 18450, 18500, 18525, 18550, 18575, 18600

Sell Nifty in 18525-18650 range:

Stop Loss 18700 Tgt 18450, 18400, 18375, 18300, 18250

For New Positions :

Buy Bank Nifty:

Stop Loss 42950 Tgt 43500, 43600, 43650, 43700, 43775, 43850

Sell Bank Nifty in 43600-43775 range:

Stop Loss 43950 Tgt 43500, 43425, 43375, 43300, 43225, 43125, 43075

F&O Ban Update:

Out Of Ban: Balrampur Chini, BHEL

Already In Ban: IRCTC, PNB, GNFC, Delta Corp, IB Housing Fin

New In Ban: Nil