In this episode, the host, Shivangi Sarda, provides a comprehensive analysis of the market’s current state and future potential.
Key segments cover technical insights, FII activity, index actionable, and sectors to watch, highlighting Nifty's potential highs, volatility impact, and strong stocks.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Test. We will be covering technical and derivatives FRIs activity, index actionable sectors and stocks to watch out. So stay tuned till the end. Hey this is your host Shivaranghi Sardar and to start with our first segment from
[00:00:30] 1 day 10th June 2024, Nifty Index opened blackdish and witnessed complete control of the bulls right from the initial thing. It showed massive buying and went on to touch 23, 320 zones, merely a few points away from its lifetime high levels. It formed a strong bullish candle
[00:00:49] or daily thing and recovered all its losses of earlier in the week and closed with intraday gains of around 470 points. Intervits were slightly up by 0.5% to 16.8 but overall volatility has crashed during the second half of the week after the eventual podra and settled
[00:01:10] at lower zones which has converted the bulls. Option data suggests a broader trading change in between 22,500 to 23,700 while immediate change is in between 23,000 to 23,500. Moving on to the second segment in the equity cash market, FRIs were net buyers to the
[00:01:33] tune of 4,391 crores while DIRs were sellers worth 1,290 crores. FRI indexed long-short ratio marginally increased to 30%. Going ahead with the index actionable, derivative Zeta and price setup suggests Nifty has to fold above 23,200 for enough growth towards 23,500 then 23,700 whereas the ports are placed at 23,100 then 23,000 zones.
[00:02:08] Bank Nifty has to continue to fold above 49,500 for enough growth towards 50,000 then 50,500 while on the downside the port shifts higher at 49,500 then 49,250. In finally talking about the sectors and stocks to watch out, positive stands were seen in
[00:02:31] the sectors across board as bulls were seen in full action. Stocks to keep on radar are from the Nifty Auto Index which is at its lifetime highs and Bajaj Auto is showing the most strength. Granules is showing follow up buying after the breakout of the daily
[00:02:51] frame. Adding to this is Daily's Lab which has given an inverted head and shoulder pattern breakout on the punchly frame. Lastly, Bharti Air Ter which had shown smart recovery from the lower zones. Wish you a great trading day ahead for both such details and
[00:03:10] analysis don't forget to follow this podcast. This is Shwanky Sardar signing off.