Amid positive global markets, foreign institutional investors (FIIs), domestic institutional investors (DIIs), sentiment and negative future & options (F&O) cues, the short-term trend of the Indian stock markets will be neutral on Tuesday, January 4, 2022. 

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Equity stock markets rose more than one and a half per cent on Monday, January 3, 2022, amid mixed global cues from the global equity markets. The Sensex closed above 59,000 and the Nifty settled above 17,626 level. The BSE Sensex climbed 929.40 points, or 1.60 per cent to end 59,183.22. The NSE Nifty also surged 271.65 points, or 1.57 per cent, to settle at 17,625.70. The Bank Nifty index gained 940.20 points, or 2.65 per cent, to 36,421.90.

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In the broader markets at the BSE, the S&P BSE MidCap and BSE SmallCap added 1.10 per cent and 1.19 per cent, respectively.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 4:

Day support zone on Nifty is 17,475-17,525, below that 17,350-17,400 is a strong Buy zone.

Day higher zone on Nifty is 17,650-17,725, above that 17,750-17,825 is a strong Profit booking zone.

Day support zone on Bank Nifty is 36,025-36,200, below that 35,700-35,850 is a strong Buy zone.

Day higher zone on Bank Nifty is 36,625-36,800, above that 36,900-37,050 is a strong Profit booking zone.

The small day range for trading on Nifty is 17,525-17,675, while the medium and bigger day ranges are 17,475-17,750 and 17,400-17,800, respectively.

The small day range for trading on Bank Nifty is 36,200-36,625, while the medium and bigger day ranges are 36,025-36,800 and 35,850-37,050, respectively.

FIIs long position increased to 70% Vs 68%

PCR overbought at 1.57 Vs 1.41; Profit booking expected

India VIX up by 1.5% at 16.45

For Existing Long Positions:

Nifty Intraday stop loss is 17,475 and Closing stop loss is 17,350.

Bank Nifty Intraday stop loss is 36,000 and Closing stop loss is 35,500.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 17,700.

Bank Nifty Intraday and Closing stop loss are 36,650.

For New Positions:

Buy Nifty in 17,400-17,475 rang with a stop loss of 17,350 and target 17,535, 17,600, 17,625, 17,650.

Aggressive Traders Buy Nifty with a Strict stop loss of 17,475 and target 17,650, 17,675, 17,750, 17,775, 17,800.

Sell Nifty in 17,675-17,750 range with a stop loss of 17,825 and target 17,625, 17,600, 17,535, 17,515, 17,475.

For New Positions:

Buy Bank Nifty in 36,025-36,200 range with a stop loss of 35,850 and target 36,365, 36,425, 36,500, 36,625.

Aggressive Traders Buy Bank Nifty with a Strict stop loss of 36,200 and target 36,625, 36,800, 36,900, 37,050, 37,150, 37,275.

Sell Bank Nifty in 37,050-37,275 range with a stop loss of 37,450 and target 36,900, 36,800, 36,625, 36,525.

No Stocks in F&O Ban