Anil Singhvi’s Strategy November 4: Day support zone on Nifty is 17950-18000 & Bank Nifty is 41025-41100

Amid negative global markets, negative 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 Friday, November 4, 2022.

Nifty support zone 17950-18000, Below that 17835-17900 Strong Buy zone

Nifty higher zone 18100-18150, Above that 18175-18225 Strong Sell zone

Bank Nifty support zone 41025-41100, Below that 40775-40850 Strong Buy zone

Bank Nifty higher zone 41475-41525, Above that 41675-41825 Strong Sell zone

Nifty support levels 18000, 17975, 17900, 17835, 17815

Nifty higher levels 18075, 18100, 18150, 18175, 18200, 18265

Bank Nifty support levels 41200, 41125, 41025, 40850, 40775

Bank Nifty higher levels 41425, 41475, 41525, 41675, 41825

- FIIs Index Long at 59% Vs 65%

- PCR at 1.26 Vs 1.13

- Bank Nifty PCR at 1.06 Vs 0.75

- India VIX down by 4% at 15.94

For Existing Long Positions: 

Nifty Intraday STOP LOSS 17950 and Closing STOP LOSS 18000
Bank Nifty Intraday STOP LOSS 40775 and Closing STOP LOSS 40975

For Existing Short Positions:

Nifty Intraday and Closing STOP LOSS 18200

Bank Nifty Intraday and Closing STOP LOSS 41550

For New Positions:

Buy Nifty in 17850-17950 range:

STOP LOSS 17775 Target 18000, 18050, 18075, 18100, 18150, 18175

Sell Nifty in 18150-18200 range:

STOP LOSS 18300 Target 18100, 18075, 18050, 18000, 17950, 17900

For New Positions:

Buy Bank Nifty in 41025-41125 range:

STOP LOSS 40775 Target 41200, 41300, 41425, 41475, 41525, 41675, 41825

Aggressive Traders Sell Bank Nifty in 41475-41675 range:

Strict STOP LOSS 41850 Target 41300, 41200, 41150, 41100, 41025, 40850, 40775

F&O Ban Update:

Already In Ban: PNB, LIC Housing Finance

New In Ban: Nil

Out Of Ban: Nil