Amid negative global markets, foreign institutional investors (FIIs), sentiment, positive domestic institutional investors (DIIs) and future & options (F&O) cues, the short-term trend of the Indian stock markets will be negative on Monday, December 20, 2021. 

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Domestic benchmarks ended with steep losses on Friday, December 17, 2021, with the Nifty slipping below the crucial 17,000-mark. The S&P BSE Sensex tumbled 889.40 points, or 1.54 per cent, at 57,011.74. The Nifty 50 index lost 263.20 points, or 1.53 per cent, at 16,985.20. The Nifty Bank lost 930 points, or 2.54 per cent, to end at 35,618.65.

The broader market underperformed the Sensex at the BSE with S&P BSE MidCap declining 2.42 per cent and S&P BSE SmallCap closing 2.07 per cent low.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for December 20:

Day support zone on Nifty is 16,785-16,915, below that 16,625-16,700 is a strong support zone.

Day higher zone on Nifty is 17,065-17,150, above that 17,175-17,250 is a strong Sell zone.

 

Day support zone on Bank Nifty is 35,125-35,325, below that 34,800-35,000 is a Next Support Zone.

Day higher zone on Bank Nifty is 35,900-35,975, above that 36,200-36,375 is a strong Sell zone.

 

The small day range for trading on Nifty is 16915-17065 Small Day Range, while the medium and bigger day ranges are 16,785-17,150 and 16,700-17,200, respectively.

The small day range for trading on Bank Nifty is 35,325-35,975, while the medium and bigger day ranges are 35,125-36,200 and 34,800-36,375, respectively.

 

FIIs long position at 57% Vs 59%.

PCR oversold at 0.8 vs 1.03 short covering expected from a lower level.

India VIX UP by 3% at 16.34.

 

For Existing Long Positions:

Nifty Intraday stop loss is 16,750 and Closing stop loss is 16,900.

Bank Nifty Intraday and Closing stop loss are 35,300.

 

For Existing Short Positions:

Nifty Intraday stop loss is 17,100 and Closing stop loss is 17,250.

Bank Nifty Intraday and Closing stop loss are 36,050.

 

For New Positions:

Aggressive Traders Sell Nifty with a stop loss of 17,100 and target 16,925, 16,800, 16,725, 16,700.

Sell Nifty in 17,150-17,225 range with a stop loss of 17,300 and target 17,075, 17,000, 16,975, 16,925.

Buy Nifty near 16,800 with a stop loss of 16,750 and target 16,900, 16,965, 16,985, 17,050, 17,150.

 

For New Positions:

Sell bank nifty in 35,975-36,200 range with a stop loss of 36,400 and target 35,850, 35,700, 35,625, 35,550, 35,325.

Buy bank nifty in 35,125-35,325 range with a stop loss of 35,000 and target 35,500, 35,625, 35,700, 35,850, 35,900, 35,975.

 

F&O Ban Update:

Already In Ban: Escorts, IDEA

New In Ban: Indiabulls Housing Finance

Out Of Ban: NIL

 

 

Shriram Properties Listing View

- Expected to list below the issue price of Rs 118

- short-term investor Keep stop loss of Rs 110