Amid negative global markets, neutral foreign institutional investors (FIIs), future & options (F&O), positive domestic institutional investors (DIIs) and sentiment cues, the short-term trend of the Indian stock markets will be positive on Tuesday, January 11, 2022. 

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The equity benchmarks, Sensex and the Nifty, on Monday, January 10, 2022, rose more than one per cent. Both stocks gained amid mixed cues from the global equity markets. The Sensex closed near the 60,400 level while the Nifty regained the 18,000 mark.

The BSE Sensex climbed 651 points, or 1.09 per cent to finish at 60,396. The NSE Nifty also surged 191 points, or 1.07 per cent, to settle at 18,003. In the sectoral indices at the NSE, the Bank Nifty added 608 points, or 1.61 per cent, to close at 38,347.90.

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In the broader market at BSE, the Mid-Cap also gained 0.69 per cent and the Small-Cap index surged 1.19 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 11:

Day support zone on Nifty is 17,875-17,925, below that 17,750-17,825 is a strong Buy zone.

Day higher zone on Nifty is 18,025-18,075, above that 18,125-182,00 is a strong Profit booking zone.

Day support zone on Bank Nifty is 37,850-37,925, below that 37,700-37,750 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,450-38,600, above that 38,700-38,850 is a strong Profit booking zone.

The small day range for trading on Nifty is 17,925-18,025, while the medium and bigger day ranges are 17,875-18,075 and 17,800-18,150, respectively.

The small day range for trading on Bank Nifty is 37,925-38,450, while the medium and bigger day ranges are 37,750-38,600 and 37,700-38,700, respectively.

FIIs long position decreased to 66% Vs 68%

PCR at 1.45 Vs 1.26

India VIX unchanged at 17.68

For Existing Long Positions:

Nifty Intraday stop loss is 17,875 and Closing stop loss is 17,800.

Bank Nifty Intraday stop loss is 37,900 and Closing stop loss is 37,700.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,025.

Bank Nifty Intraday and Closing stop loss are 38,500.

For New Positions:

Buy Nifty in 17825-17925 range with a Strict stop loss of 17,750 and target 18,000, 18,025, 18,075, 18,150.

Aggressive Traders Sell Nifty with a Strict stop loss of 18,025 and target 17,925, 17,900, 17,875, 17,825, 17,800.

For New Positions:

Buy Bank Nifty in 37750-37925 range with a stop loss of 37,500 and target 38,125, 38,350, 38,400, 38,450, 38,550, 38,600.

Aggressive Traders Sell Bank Nifty with a Strict stop loss of 38,550 and target 38,150, 38,000, 37,925, 37,850, 37,750, 37,700, 37,500.

F&O Ban Update:

New In Ban: Indiabulls Housing Finance

Already In Ban: Delta Corp, RBL Bank

Out Of Ban: Nil