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.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev.
[00:00:05] We will be covering technical and derivatives SII's activity, index, actionable sectors
[00:00:10] and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey this is your host Shivangi Sardar and let's look at what happened globally.
[00:00:27] Market is expected to open on a positive note following the US Federal Reserve's unexpected
[00:00:32] 15 basis point interest rate cut while there was an expectation of just 25 basis point
[00:00:38] cut interest rate.
[00:00:39] This aggressive move coupled with indications of further rate cuts in the upcoming years
[00:00:44] suggests that Fed is confident in sustaining inflation trends and aims to prevent economic
[00:00:50] strain from the pronulled high interest rates.
[00:00:53] To start with our first segment for Thursday 90th of September 2024, Nifty index opened
[00:00:59] positive above 25,400 and went on to tuck a fresh all-time high of 25,482.
[00:01:07] Now the next half witnessed some profit booking and index slipped by almost 200 points from
[00:01:12] its intraday highs.
[00:01:14] It later recovered but moved in a choppy manner and closed with minor losses.
[00:01:19] It formed a small-bodied bearish candle of the daily frame and broke its higher-lose
[00:01:24] formation of the last four trading sessions.
[00:01:27] India wicks was up by around 6% to 13.4 levels.
[00:01:31] Nifty put call ratio slightly settled down to 1.13.
[00:01:36] Option data suggests a broader trading range in between 24,800 to 25,800 while immediate
[00:01:44] range is in between 25,200 to 25,600.
[00:01:49] Moving on to the second segment in the equity cash market, FIIIs were net buyers
[00:01:55] to the Turo 1154 kroners while DII's were buyers worth 152 kroners.
[00:02:02] FIIIs index long-short ratio increased to 69%.
[00:02:07] Going ahead with the index actionable, derivative Zeta and price setup suggests Nifty has to
[00:02:13] hold above 25,350 for an up-move towards 25,550 then 25,750 while supports uplazed
[00:02:22] at 25,250 then 25,150.
[00:02:26] Bank Nifty has to hold above 52,500 for an up-move towards 53,000 then 53,357 while on the downside
[00:02:35] support can be seen shifting higher at 52,350 then 52,000 levels which was led by a short-covering
[00:02:43] move in the banking index.
[00:02:45] And finally talking about the sectors and stocks to watch out, positive stats
[00:02:49] were seen in most of the heavyweight banking stocks.
[00:02:53] Now stocks to keep on radar, we have capital market stocks looking quite positive which
[00:02:57] includes PSE, MCX, CDSL and IEX.
[00:03:02] From the auto bank we have M&M and Mother Sun showing good signs of recovery.
[00:03:06] From the banking and financial space we have Bajaj Finance and ICICI Bank witnessing
[00:03:12] fresh buying at these levels.
[00:03:14] From the fertilizer back we have Coral Rundle.
[00:03:16] While some weakness could be seen in LTTES, TechM, Zidus Life, RBL Bank, Excite
[00:03:22] Industry, Ashok Leiland, Sale, Conpoor and Tata Steel.
[00:03:27] Wish you a super trading day ahead.
[00:03:29] Shivangi Sarda, Styling Off.
[00:03:31] Follow this podcast for solid advice.
[00:03:46] Investment and securities market are subject to market risk.
[00:03:50] Read all the related documents carefully before investing.