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Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support to emerge at 23,875-23,975 levels and a strong buy zone at 23,750-23,825 levels for the headline Nifty50 index on Monday, January 6. For the Nifty Bank, he expects support at 50,725-50,875 levels and a stronger support zone at 50,475-50,600 levels. Global: Positive FII: Negative DII: Neutral F&O: Neutral Sentiment: Neutral Trend: Neutral FII long positions at 17 per cent vs 20 per cent before the previous session Nifty put-call ratio (PCR) at 0.86 vs 1.22 Nifty Bank PCR at 0.83 vs 1.02 Volatility index India VIX down 1.5 per cent at 13.54 The market wizard sees a higher zone at 24,075-24,150 levels and a profit-booking zone at 24,200-24,300 levels for the headline index. For the banking index, he sees a higher zone at 51,250-51,400 levels and a strong sell zone at 51,575-51,750 levels. Important levels & other things to watch out for For existing long positions : Nifty intraday stop loss at 23,925 and closing stop loss at 23,750 Nifty Bank intraday stop loss at 50,850 and closing stop loss at 50,750 For existing short positions : For new positions in Nifty50 : The best range to buy Nifty is 23,825-23,925 with a stop loss at 23,725 for targets of 23,975, 24,000, 24,065, 24,150, 24,200 and 24,225 Aggressive traders can buy Nifty with a strict stop loss at 23,925 for targets of 24,150, 24,200, 24,225, 24,275, 24,300 and 24,335 Aggressive traders can sell Nifty in the 24,150-24,225 range with a strict stop loss at 24,335 for targets of 24,075, 24,000, 23,975, 23,875, 23,825 and 23,800 For new positions in Nifty Bank : The best range to buy Nifty Bank is 50,600-50,750 with stop loss at 50,475 for targets of 50,875, 50,950, 51,000, 51,075, 51,125 and 51,175 Aggressive traders can buy Nifty Bank with a strict stop loss at 50,850 for targets of 51,125, 51,225, 51,300, 51,400, 51,575, 51,675 and 51,750 The best range to sell Nifty Bank is 51,575-51,725 with a stop loss at 51,800 for targets of 51,575, 51,425, 51,325, 51,250, 51,175 and 50,075 Stocks in F&O ban Stocks of the Day HDFC Bank Sell Kotak Bank futures with a stop loss at Rs 1,870 for targets of Rs 1,825, Rs 1,800 and Rs 1,786 Sell Dabur futures with a stop loss at Rs 534 for targets of Rs 517 and Rs 510 Buy AU Small Finance Bank futures with a stop loss at Rs 560 for targets of Rs 580 and Rs 590 Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit . Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
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