13/12/2022
13th Dec Strategy:
Global: Positive
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive
Nifty support zone 18350-18425
Nifty higher zone 18550-18600, Above that 18625-18700 Profit booking zone
Bank Nifty support zone 43500-43600, Below that 43300-43375 Strong Buy zone
Bank Nifty higher zone 43775-43850, Above that 43975-44150 Profit booking zone
Nifty support levels 18450, 18425, 18400, 18350
Nifty higher levels 18525, 18550, 18575, 18600, 18650, 18700
Bank Nifty support levels 43640, 43600, 43500, 43375
Bank Nifty higher levels 43775, 43850, 43975, 44050, 44150
FIIs Index Long at 60% Vs 58%
PCR at 0.91 Vs 0.76
Bank Nifty PCR at 1.15 Vs 0.97
India VIX down by 1% at 13.32
For Existing Long Positions:
Nifty Intraday SL 18350 n Closing SL 18450
Bank Nifty Intraday SL 43350 n Closing SL 43500
For Existing Short Positions:
Nifty Intraday n Closing SL 18700
Bank Nifty Intraday n Closing SL 43850
For New Positions:
Buy Nifty in 18350-18425 range:
SL 18300 Tgt 18500, 18525, 18550, 18575, 18600
Aggressive Traders Buy Nifty:
Strict SL 18400 Tgt 18525, 18550, 18575, 18600, 18650, 18700
Sell Nifty in 18600-18700 range:
SL 18775 Tgt 18575, 18550, 18525, 18500, 18450, 18400
For New Positions :
Buy Bank Nifty in 43375-43525 range:
SL 43300 Tgt 43600, 43650, 43700, 43775, 43850
Aggressive Traders Buy Bank Nifty:
Strict SL 43500 Tgt 43775, 43850, 43975, 44050, 44150
Aggressive Traders Sell Bank Nifty in 43950-44050 range:
Strict SL 44200 Tgt 43850, 43775, 43700, 43650, 43600, 43525
F&O Ban Update:
Already In Ban: GNFC, BHEL, PNB, Delta Corp
New In Ban: Nil
Out Of Ban: Nil
Landmark Cars IPO Preview:
APPLY FOR LONG TERM OR BUY POST LISTING
Positives:
Experienced Promoters with business leadership
Regular profitmaking company
Strong growth outlook
Negatives:
Huge competition
Company still needs to reduce debt
Reasonable valuations
