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 SIRs activity, index, actionable sectors and
[00:00:10] stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey, this is your host, Shivanki Sanda and let's start the day with some Global Cues.
[00:00:27] Rani in the US market, spawning oil price over 20 months low and strong FRIs interest
[00:00:34] may open the domestic market on a positive note.
[00:00:37] Now the US market experienced a randy yesterday as traders awaited the upcoming inflation data
[00:00:43] which will provide insights into the Federal Reserve's future policy decisions.
[00:00:48] The market sentiment is also being influenced by the outcome of the recent US presidential
[00:00:53] debate and the upcoming European Central Bank trade decision.
[00:00:57] To start with our first segment for Tuesday 11th September 2024, Nifty index opened
[00:01:03] positive near 25,000 marks after a slight slip in the first state.
[00:01:09] It took support near 24,900 and recovered by 230 points from there.
[00:01:14] Mine was seen most of the day at a close to the gates of around 100 points.
[00:01:18] It formed a small-bodied bullish candle on the daily frame with long shadows indicating
[00:01:23] swings but the good part is that it negated its lower high formation of the last
[00:01:28] two sessions.
[00:01:30] India wicks was down by 6% to 38.36 levels.
[00:01:34] Nifty-Potkhor ratio increased to 1.07.
[00:01:37] Volatility has been cooling off from the last two sessions and paved way for buying at
[00:01:42] the lower levels.
[00:01:44] Option data suggests a broader trading range in between 24,600 to 25,600.
[00:01:51] While immediate range is in between 24,900 to 25,300.
[00:01:56] Moving on to the second segment in the equity cash market, FYI's were net buyers to the
[00:02:02] tune of 2,208 crores while the IIs were sellers worth 275 crores.
[00:02:08] FYI's indexed long-shot ratio marched in the increase to 64.2%.
[00:02:13] Going ahead with the index actionable, derivative data and price setup suggests
[00:02:17] Nifty has to hold above 25,000 for a locked move towards 25,200 then 25,300
[00:02:25] while support's uplaced at 24,900 and then 24,800 zones.
[00:02:31] Bank Nifty has to continue to hold above 51,000 for a bounce towards 51,750
[00:02:39] while on the downside support can be seeded at 50,850.
[00:02:43] And finally talking about the sectors and stocks to watch out, positive
[00:02:47] stocks were seeded in most of the sectors across board with strength in power,
[00:02:53] energy, consumption, power and IT stocks.
[00:02:56] Now stocks to keep on radar, positive
[00:02:59] stocks were seeded in power and energy space which includes data power and IEX.
[00:03:05] From the consumption basket we have Indian hotel, jugglin food,
[00:03:08] Tata consumer and Volta's which is looking quite positive.
[00:03:12] Farmer remains resident and we have Devislabs, Stingene and Lorislabs looking quite good.
[00:03:18] From the IT back we have Cove Porch, Persistent and HCL Tech showing strength.
[00:03:24] Once our weakness could be seeded in BFC, REC, ONGC and Petrolit.
[00:03:30] Wish you a super trading day with some volatile cues.
[00:03:33] Shivangi Sardha signing off.
[00:03:35] Follow this podcast for solid advice.
[00:03:50] Investment and securities market are subject to market risk.
[00:03:53] Read all the related documents carefully before investing.