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 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.
[00:00:15] Hey, this is your host Shivangi Saarda and let's look at what happened globally.
[00:00:26] The market is expected to open lower, reflecting a sharp decline in the global markets.
[00:00:31] The US market fell over 2% on Friday due to expectation that the Fed may delay interest rate cuts, following comments from the Fed Chairman indicating that policymakers are not in a rush to reduce rates.
[00:00:45] To start with our first segment for Monday, 18th November 2024, Nifty Index started on a flat load and initially saw buying interest on Friday, pushing it up towards 23,615 levels in the first hour of the session.
[00:01:00] However, selling pressure witnessed from the higher levels and sell-on-bounce trend continued in the index as it wiped off all its intraday gains.
[00:01:10] It formed a doji sound of a candle on the daily frame and has been making lower lows from the last six trading sessions.
[00:01:16] Index is hovering near its 200 Demma and bombed a big bearish candle on the weekly basis and also gave an inside bar breakdown.
[00:01:25] Now, Interwix was down by another 4-odd percent to 14.8 levels.
[00:01:30] Nifty put-call ratio increased to 0.88.
[00:01:34] Option data suggest a broader trading range in between 23,200 to 24,000 levels, while immediate range is in between 23,400 to 23,800.
[00:01:45] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 1,850 crores, while DIIs were buyers worth 2,482 crores.
[00:01:59] FII's index long-shot ratio increased to 23%.
[00:02:03] Going ahead with the index actionable, debits data and price setup suggest,
[00:02:09] Till the time Nifty holds below 23,650, weakness could be seen towards 23,200, while hurdle can be seen at 23,900.
[00:02:19] Till the time bank Nifty holds below 50,500, weakness could be seen towards 49,500 Zs, while hurdle can be seen at 50,500.
[00:02:30] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in selective auto names, which includes Aisha Motor, Tech Mahindra.
[00:02:41] Also, we have some of the reality names looking quite good, which includes Oberai Reality.
[00:02:46] Some other names include Ramco Cements, IPCA Lab, and Naukri.
[00:02:50] While some weakness could be seen in Crompton, HUL, Britannia, Nestle, Colgate, Adani Ports, NMDC, Tata Mojas, Tata Steel, and IDFC First Bank.
[00:03:03] Wish you a super trading day ahead.
[00:03:05] Shivangi Sarda signing off.
[00:03:07] Follow this podcast for solid advice.
[00:03:23] Investment and securities market are subject to market risk.
[00:03:26] Read all the related documents carefully before investing.