n this episode of Indian Market in Minutes, Shivangi Sarda dives into the latest market trends and offers actionable trading insights. From global economic concerns to a detailed Nifty analysis, get all the updates in one short podcast!
In today’s episode, we cover the impact of global events on the Indian market, including concerns over sharp tariff increases by the US, which could further hinder global growth and escalate trade tensions. The Indian market faced a significant sell-off, with the Nifty index dropping over 350 points, forming a bearish pattern. Shivangi Sarda highlights key levels to watch and shares a forecast on the broader trading range for Nifty.
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Desk. 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 Sarga and let's look at what happened globally.
[00:00:27] The sharp tariff increase by the US may lead to rising inflation, hit a global growth and worsen existing trade tensions. This could have a negative impact on the domestic market as well as weaker global growth and trade disruptions might affect the Indian economy. To start with our first segment for Monday, 7th April 2025, Nifty Index opened cap down and dripped by more than 350 points during the day.
[00:00:55] After the sharp sell-off in the first hour, it kept cascading throughout the day to find a halt near 22,850 and finally closed with losses of around 350 points. It formed a bearish candle on the daily frame but has been making lower highs from the last four trading sessions. It formed a bearish candle on the weekly frame and negated its higher highs, higher lows of the last three weeks.
[00:01:20] India Wix was up by another 1% to 13.76 levels. Nifty put call ratio decreased to 0.74. Option data suggests a broader trading range in between 22,400 to 23,500 zones, while immediate range is in between 22,700 to 23,100 levels.
[00:01:42] Moving on to the second segment in the equity market, FIIs were net sellers in the cash market to the tune of 3,484 crores, while DIIs were also sellers worth 1,720 crores. FIIs' index long-shot ratio marginally decreased to 29%.
[00:02:02] Going ahead with the index actionable, derivatives data and price setups suggest, till Nifty holds below 23,000, weakness could be seen towards 22,500, while resistances have shifted lower to 23,000 zones. Banked Nifty till the time it holds above 51,250, there could be some up move towards 52,000, else there could be a downside move towards 51,000 levels.
[00:02:29] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Intego, Mariko, Bachaj Finance and Apollo Hospital. While weakness could be seen in most of the counters including Nalko, Tata Steel, Bharat Forge, Hindalko, CoForge, HCL Tech, NMDC, ONGC and Tata Steel. Wish you a super day ahead. Shivangi Sarada signing off. Follow this podcast for solid advice.
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