MARKETS
Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support to emerge at 23,575-23,650 levels and a stronger support zone at 23,450-23,525 levels for the headline Nifty50 index on Tuesday, December 24. For the Nifty Bank, he expects support at 50,875-51,025 levels and a stronger support zone at 50,625-50,775 levels. Global: Positive FII: Positive DII: Positive F&O: Neutral Sentiment: Neutral Trend: Neutral FII long positions at 30 per cent vs 31 per cent before the previous session Nifty put-call ratio (PCR) at 0.84 vs 0.80 Nifty Bank PCR at 0.59 vs 0.52 Volatility index India VIX down 10 per cent at 13.52 The market wizard sees a higher zone for the headline index at 23,850-23,950 levels and a strong sell zone at 24,000-24,150 levels. For the banking index, he sees a higher zone at 51,575-51,775 levels and a strong sell zone at 51,900-52,100 levels. For existing long positions : Nifty intraday stop loss at 23,625 and closing stop loss at 23,575 Nifty Bank intraday stop loss at 51,000 and closing stop loss at 50,750 For existing short positions : Nifty intraday stop loss at 23,900 and closing stop loss at 24,000 Nifty Bank intraday stop loss at 51,525 and closing stop loss at 51,625 For new positions in Nifty50 : The best range to buy Nifty is 23,525-23,650 with a stop loss at 23,450 for targets of 23,750, 23,800, 23,870, 23,950, 24,000 and 24,050 The best range to sell Nifty is 23,870-24,000 with a stop loss at 24,100 for targets of 23,800, 23,750, 23,650, 23,600 and 23,525 For new positions in Nifty Bank : The best range to buy Nifty Bank is 50,625-50,775 with a stop loss at 50,500 for targets of 50,875, 50,975, 51,025, 51,250, 51,325 and 51,400 Aggressive traders can buy Nifty Bank with a strict stop loss at 50,950 for targets of 51,575, 51,625, 51,775, 51,900, 52,000 and 52,150 Aggressive traders can sell Nifty Bank in the 51,625-51,775 range with a strict stop loss at 51,850 for targets of 51,425, 51,325, 51,275, 51,025, 50,775 and 50,625 Stocks in F&O Ban Stocks of the Day Buy EPACK Durable shares for targets of Rs 465, Rs 472 and Rs 480 with a stop loss at Rs 445 Chinese company Hisense may invest in EPACK Durable's subsidiary Buy PG Electroplast shares for targets of Rs 960, Rs 975 and Rs 985 with a stop loss at Rs 940 Santa Pick | Sagility Buy Sagility shares for 1-2-year targets of Rs 60 and Rs 70 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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