Anil Singhvi Market Strategy December 18: Key Levels to Monitor in Nifty50 and Nifty Bank

Anil Singhvi Market Strategy: Anil Singhvi, the Managing Editor at Zee Business, has outlined his expectations for the Nifty50 index and the Nifty Bank for December 18. He anticipates the emergence of support levels at 24,175-24,275 for the Nifty50 and a stronger support zone at 23,875-24,000 levels. For the Nifty Bank, Singhvi expects support to be at 52,375-52,550 and a stronger support range between 52,100-52,275.

Morning Trade Setup Summary

• Global Sentiment: Negative

• Foreign Institutional Investors (FII): Negative

• Domestic Institutional Investors (DII): Positive

• Futures & Options (F&O): Cautious

• Overall Market Sentiment: Cautious

• Market Trend: Positive

• FII Long Positions: 36% compared to 39% before Tuesday

• Nifty Put-Call Ratio (PCR): 0.65 compared to 0.90

• Nifty Bank PCR: 0.69 compared to 0.91

• India VIX: Increased by 3.5% to 14.49

Singhvi highlights potential upper ranges for the Nifty50 index, projecting a higher zone between 24,450-24,550. A strong sell zone is designated between 24,575-24,700 levels. For the Nifty Bank, the higher zone is noted at 53,150-53,300 with a strong sell zone at 53,400-53,650.

Market Strategy Insights

For Existing Long Positions:

• Nifty intraday and closing stop loss: 24,175
• Nifty Bank intraday and closing stop loss: 52,250

For Existing Short Positions:

• Nifty intraday stop loss: 24,500; closing stop loss: 24,625
• Nifty Bank intraday stop loss: 53,050; closing stop loss: 53,300

New Positioning in Nifty50:

• Aggressive traders may sell Nifty in the range of 24,500-24,600 with a strict stop loss at 24,700, aiming for targets of 24,465, 24,400, 24,335, 24,300, 24,275, and 24,175.
• Aggressive traders can also buy Nifty within the range of 24,000-24,175 with a strict stop loss at 23,875, targeting 24,275, 24,300, 24,325, 24,400, 24,465, and 24,500.

New Positioning in Nifty Bank:

• Aggressive traders can sell Nifty Bank in the range of 53,150-53,300 with a strict stop loss at 53,500, targeting levels of 53,000, 52,850, 52,725, 52,550, 52,450, and 52,275.
• Aggressive traders may also buy Nifty Bank within the range of 52,275-52,450, setting a strict stop loss at 52,100 for targets of 52,700, 52,825, 52,950, 53,025, 53,150, and 53,300.

Stocks in F&O Ban:

• Newly added: Bandhan Bank, PVR, Chambal Fert
• Currently under ban: Manappuram Finance, SAIL, NALCO, Hind Copper, RBL Bank, Granules
• No stocks out of ban

Keep an eye on these market levels and strategies as the trading session unfolds.

Nifty50, NiftyBank, Strategy