In today’s episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda breaks down a volatile market session where Nifty opened more than 400 points lower amid global concerns but clawed back over 250 points from day’s low.
Despite bearish global cues, Nifty held the 24,473 mark and formed a Bullish Belt Hold candlestick, signaling strong intraday recovery. However, a bearish weekly close suggests the absence of follow-through buying.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Salda and to start with our first segment for Monday 16th June 2025,
[00:00:29] Nifty Index opened negative by more than 400 points due to global concerns but managed to hold 24,473 mark and witnessed a decent recovery from the lower levels towards 24,750. It was finding pressure at bounce-back move but has managed to cover half of its opening losses. It formed a bullish belt hold sort of a candle as it made the open low same and close near the highest trading zone of the day.
[00:00:56] It formed a bullish candle on the daily frame but a bearish candle on the weekly scale which clearly indicates tug of war between the support-based buying and absence of follow-up buying. India Wix was up by around 7.5% to 15 levels. Nifty put call ratio decreased to 0.89. Option data suggests a broader trading range in between 24,200 to 25,200 marks,
[00:01:21] while immediate range is in between 24,500 to 24,900 levels. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 1,233 crores while DIIs were buyers were 2,906 crores. FIIs' index long-shot ratio slightly decreased to 19%. Going ahead with the index actionable,
[00:01:48] debative zeta and price setup suggests, now if Nifty holds below 25,000, upside can be capped for a profit looking decline towards 24,442 marks, while hurdle can be seen at 25,000 zones. If Bank Nifty holds below 55,750, some weakness could be seen towards 55,000, while upside, hurdle can be seen at 56,000 zones.
[00:02:13] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Mutut Binance, Manapuram, BEL, Glenmark, MFSL, SPI CARD and OFSS. While some weakness could continue in Inox Wind, Dixon, Power Grid, Chindal Steel, Indian Hotels and Petronet. Wish you a super day and a lovely week ahead. Shivangi Sarna signing off. Follow this podcast for solid advice.
[00:02:55] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.