Anil Singhvi Strategy on Nifty, Bank Nifty: Sensex and Nifty are expected to open in the green as trends in the SGX Nifty hint at a positive opening. At 8:15, SGX Nifty was 60 points higher at 18,337. 

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Overnight, the US Stock Market closed higher, as the Nasdaq Composite and Dow Jones Industrial Average added 2.6 per cent and 1.03 per cent, respectively. All 11 of S&P 500’s sectoral indices gained as the index settled 1.75 per cent higher. The Asia-Pacific markets followed suit as Japan’s Nikkei was up 0.23 per cent, Hong Kong’s Hang Seng 1 per cent and Shanghai Composite 0.6 per cent. South Korea’s Kospi, however, fell 1.93 per cent.

Earlier on Thursday, the BSE Sensex reclaimed 61,000 as it rose 224 points to 61,134. Nifty50 finished 69 points higher at 18,191.

Anil Singhvi Strategy on Nifty, Bank Nifty December 30

Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Positive

Nifty support zone 18075-18125, Below that 17975-18025 Strong Buy zone

Nifty higher zone 18250-18300, Above that 18350-18425 Profit Booking zone

Bank Nifty support zone 42925-43025, Below that 42700-42850 Strong Buy zone

Bank Nifty higher zone 43500-43650, Above that 43700-43850 Profit Booking zone

Nifty support levels 18175, 18150, 18125, 18075, 18025, 17975

Nifty higher levels 18250, 18275, 18300, 18350, 18400, 18425

Bank Nifty support levels 43125, 43025, 42925, 42850, 42700, 42625

Bank Nifty higher levels 43375, 43500, 43600, 43650, 43700, 43775, 43850, 43950

FIIs Index Long at 57% Vs 48%

PCR at 1.41 Vs 1.12

Bank Nifty PCR at 1.37 Vs 1.14

India VIX down by 4% at 14.81

For Existing Long Positions:

Nifty Intraday n Closing SL 17975

Bank Nifty Intraday n Closing SL 42800

For Existing Short Positions:

Nifty Intraday n Closing SL 18300

Bank Nifty Intraday n Closing SL 43500

For New Positions:

Buy Nifty:
Stop Loss 18100 Target 18250, 18275, 18300, 18350, 18400

Sell Nifty in 18350-18425 range:
Stop Loss 18500 Target 18300, 18275, 18250, 18200, 18150, 18125

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