Despite weak cues from global markets and hawkish commetary from US Federal Reserve, domestic markets appear in better position, Zee Business Managing Editor Anil Singhvi said. Amid negative global markets, positive domestic institutional investors (DIIs), neutral 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 Thursday, December 15, 2022. 

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His advice to investors is to maintain long positions with stop loss of 18450 and 43500 on Nifty and BankNifty on closing basis. He puts target at 18900-19000 on Nifty and 45000 on Bank Nifty

Nifty support zone 18550-18610, Below that 18450-18525 Strong Buy zone

Nifty higher zone 18700-18725, Above that 18775-18825 Profit booking zone

Bank Nifty support zone 43700-43775, Below that 43500-43650 Strong Buy zone

Bank Nifty higher zone 44150-44300, Above that 44375-44450 Profit booking zone

Nifty support levels 18615, 18575, 18550, 18525, 18500, 18450

Nifty higher levels 18700, 18725, 18775, 18800, 18825

Bank Nifty support levels 43975, 43850, 43775, 43700, 43650, 43600, 43500

Bank Nifty higher levels 44150, 44300, 44375, 44450, 44500

Read More: Stock Market Today LIVE: Sensex, Nifty to start cautiously amid weak global cues, hawkish Fed commentary

FIIs Index Long at 59% Vs 61%

PCR at 1.02 Vs 1.05

Bank Nifty PCR at 1.2 Vs 1.41  

India VIX unchanged at 12.89

For Existing Long Positions:

Nifty Intraday and Closing STOP LOSS 18500

Bank Nifty Intraday STOP LOSS 43700 and Closing STOP LOSS 43500

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18725

Bank Nifty Intraday and Closing STOP LOSS 44150

For New Positions:

Buy Nifty in 18500-18575 range:

STOP LOSS 18400 Target  18600, 18625, 18650, 18700, 18725

Sell Nifty in 18700-18800 range:

STOP LOSS 18900 Target 18660, 18615, 18575, 18550, 18525, 18500

For New Positions:

Buy Bank Nifty in 43650-43775 range:

STOP LOSS 43500 Target 43850, 43950, 44000, 44050, 44150

Aggressive Traders Buy Bank Nifty:

Strict STOP LOSS 43700 Target 44150, 44225, 44300, 44375, 44450

Aggressive Traders Sell Bank Nifty near 44500:

Strict STOP LOSS 44600 Target up to 44000

F&O Ban Update:

Out Of Ban: Nil

Already In Ban: GNFC, BHEL, Delta Corp

New In Ban: IB HSG FIN

Abans Holdings IPO Preview: AVOID

Positives:
No Positive

Negatives:

It has all negatives that one can possibly think of.