MARKETS
Anil Singhvi Market Strategy : Business Managing Editor Anil Singhvi expects support to emerge at 23,450-23,550 levels and a strong buy zone at 23,265-23,350 levels for the headline Nifty50 index on Tuesday, January 7. For the Nifty Bank, he expects support at 49,650-49,750 levels and a stronger support zone at 49,075-49,275 levels. Global: Positive FII: Negative DII: Positive F&O: Neutral Sentiment: Negative Trend: Neutral FII long positions at 18 per cent vs 17 per cent before Monday's session Nifty put-call ratio (PCR) at 0.72 vs 0.86 Nifty Bank PCR at 0.70 vs 0.83 Volatility index India VIX up 15.5 per cent at 15.65 The market wizard sees a higher zone at 23,725-23,850 levels and a profit-booking zone at 23,870-24,000 levels for the headline index. For the banking index, he sees a higher zone at 50,475-50,725 levels and a profit-booking zone at 50,900-51,075 levels. For existing long positions : Nifty intraday stop loss at 23,450 and closing stop loss at 23,550 Nifty Bank intraday and closing stop loss at 49,700 For existing short positions : For new positions in Nifty50 : The best range to buy Nifty is 23,350-23,475 with a stop loss at 23,250 for targets of 23,550, 23,600, 23,650, 23,725, 23,750 and 23,800 Aggressive traders can buy Nifty with a strict stop loss at 23,500 for targets of 23,725, 23,750, 23,800, 23,850, 23,925 and 24,000 Aggressive traders can sell Nifty in the 23,800-23,925 range with a strict stop loss at 24,025 for targets of 23,750, 23,725, 23,650, 23,600, 23,550 and 23,525 For new positions in Nifty Bank : The best range to buy Nifty Bank is 49,075-49,275 with a stop loss at 49,000 for targets of 49,425, 49,650, 49,750, 49,900, 50,000 and 50,075 Aggressive traders can buy Nifty Bank with a strict stop loss at 49,650 for targets of 50,175, 50,475, 50,600, 50,725, 50,850, 50,950 and 51,000 Aggressive traders can sell Nifty Bank in the 50,725-50,950 range with a strict stop loss at 51,100 for targets of 50,500, 50,375, 50,075, 50,000, 49,925 and 49,800 Stocks in F&O ban Stocks of the Day Buy Kalyan Jewellers futures with a stop loss at Rs 735 for targets of Rs 760, Rs 770 and Rs 782 Buy Info Edge futures with a stop loss at Rs 8,750 for targets of Rs 8,990, Rs 9,010 and Rs 9,175 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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