Anil Singhvi’s Strategy December 09: Day support zone on Nifty is 18525-18575 & Bank Nifty is 43325-43500

Anil Singhvi's strategy on Nifty, Bank Nifty on December 9, 2022

Amid positive global markets, positive domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), neutral futures & options (F&O) and neutral sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, December 09, 2022.

Anil Singhvi's strategy on Nifty, Bank Nifty on December 9, 2022

Nifty support zone 18525-18575, Below that 18450-18500 Strong Buy zone

Nifty higher zone 18650-18700, Above that 18750-18815 Profit booking zone

Bank Nifty support zone 43325-43500, Below that 43100-43225 Strong Buy zone

Bank Nifty higher zone 43700-43775, Above that 43850-43950 Profit booking zone

Nifty support levels 18575, 18550, 18525, 18500, 18450

Nifty higher levels 18650, 18700, 18750, 18775, 18815

Bank Nifty support levels 43525, 43375, 43325, 43275, 43225, 43100

Bank Nifty higher levels 43650, 43700, 43775, 43850, 43950

FIIs Index Long at 60% Vs 58%
PCR at 1.04 Vs 0.76
Bank Nifty PCR at 1.28 Vs 0.77
India VIX down by 5% at 13.40

For Existing Long Positions:
Nifty Intraday n Closing SL 18500
Bank Nifty Intraday n Closing SL 43300

For Existing Short Positions:
Nifty Intraday n Closing SL 18750
Bank Nifty Intraday n Closing SL 43700

For New Positions:
Buy Nifty:
SL 18500 Tgt 18650, 18700, 18750, 18775, 18815

Sell Nifty in 18700-18775 range:
SL 18825 Tgt 18650, 18615, 18575, 18550, 18525

For New Positions :
Buy Bank Nifty in 43300-43375 range:
SL 43075 Tgt 43500, 43600, 43650, 43700

Aggressive Traders Buy Bank Nifty:
Strict SL 43300 Tgt 43650, 43700, 43775, 43850, 43950

Sell Bank Nifty in 43900-44000 range:
SL 44100 Tgt 43850, 43775, 43700, 43650, 43600, 43525

F&O Ban Update:
Out Of Ban: PNB
Already In Ban: GNFC, IB Housing Finance
New In Ban: Nil