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 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 Shivanki Sardar and let's start the day with some global cues.
[00:00:27] Positive market sentiment is anticipating due to the potential US Fed interest rate
[00:00:31] cut, falling oil prices and strong FII buying.
[00:00:35] Additionally, recent government announcements of favorable schemes such as rural road projects,
[00:00:41] e-Bus program health insurance for those over 70 years and investment in hydro projects are
[00:00:47] expected to further boost the market sentiment.
[00:00:50] To start with our first segment for Wednesday 12th September 2024, Nifty Index opened flatish
[00:00:57] and recovered in the first half of the session but failed to hold above 25,100 and slipped
[00:01:03] below 24,900.
[00:01:05] Index remained quite volatile throughout the day and bears took over in the middle of the
[00:01:10] day to finally close with losses of around 120 points.
[00:01:14] It formed a bearish candle on the daily frame and failed to hold on to the previous day's
[00:01:19] recovery.
[00:01:20] India wicks was up by 2% to 13.6 levels.
[00:01:24] Nifty put-call ratio decreased to 0.88.
[00:01:26] The volatility slightly increased higher after the cool-off of the last couple of days and
[00:01:33] this along with a decrease in put-call ratio created some discomfort for the bulls.
[00:01:38] Option data suggests a broader trading range in between 24,500 to 25,500 while immediate
[00:01:46] range is in between 24,700 to 25,200.
[00:01:51] Moving on to the second segment in the equity cash market, FIIIs were net buyers to the
[00:01:57] Tura 1,755 crores while DIIs were buyers worth 230 crores.
[00:02:04] FIII's index long-shot ratio decreased to 63.5%.
[00:02:08] Going ahead with the index actionable, derivative data and price that up suggests if Nifty
[00:02:15] manages to hold above 24,850 then some bounce could be seen towards 25,150 then 25,250.
[00:02:24] While on the downside supports can be placed at 24,750 and shifting lower to 24,650.
[00:02:32] Bag 50 has to continue to hold above 50,750 for a bounce towards 51,750 while on the
[00:02:43] downside it's above 7,750 at then 50,500.
[00:02:46] And finally talking about the sectors and stocks to watch out, there is an absolute mix back
[00:02:51] today. Positive Stance was seen in selective consumer dure builds and FMCG name while
[00:02:57] profit booking in most of the names which includes farmers, cement and construction,
[00:03:01] oil and gas, chemical infertilizers, utilities and metal stocks.
[00:03:06] The stocks to keep on radar, Positive Stance is seen in Bajaj Auto, Norkshri, Habels,
[00:03:11] PolyCamp, Indigo, Bajaj Finance, GoForge and DiviSlam.
[00:03:16] Now, Folli Coil prices should also benefit sectors like Paints & Aviation, Paints include
[00:03:21] Berger Paint and Asian Paint.
[00:03:23] Some weakness could be seen in data motors, GNFC, ONGC, REC, IDFC First Bank,
[00:03:32] Coatridge Property and Gantt Bank which she was super trading day ahead.
[00:03:36] Follow this podcast for solid advice.