Catch the latest on global markets and actionable stock insights in today’s update!*
In this episode of Indian Market in Minutes, host Shivangi Sarda breaks down key market movements and provides strategic insights for traders. We discuss the impact of weak global cues, including the drop in US markets and Walmart's disappointing forecast. The episode also highlights market behavior, with Nifty's narrow trading range and sector-specific stock recommendations for the day.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev. 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 Saarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a marginally lower note due to weak global queues. The US market dropped overnight and Asian markets are showing mixed reactions after Walmart's disappointing forecast which raised concerns about the global economy. However, a positive factor is the decline in the US dollar index which fell to a two-month low below the 107th level.
[00:00:49] To start with our first segment, for Friday, 21st Feb, 2025, Nifty Index opened negative and after the slight recovery in the initial hour, it traded in a narrow range of around 100 points for the rest of the day. It moved in a consolidated manner and gained some momentum towards the end but with lack of follow-up above 22,923 marks. It found the bullish candle on the daily frame and has got stuck in a wider band from the last five trading sessions.
[00:01:19] India's mix was down by almost 5% to 14.7 levels. Gift-y put-call ratio increased to 0.90. Option data suggests a broader trading range in between 22,500 to 23,500 while immediate range is in between 22,800 to 23,300 marks.
[00:01:39] Moving on to the second segment in the equity cash market, FIIs were sellers to the tune of 3,312 crores while DIIs were buyers worth 3,908 crores. FII's index long-shot ratio decreased to 15.5%.
[00:01:57] Going ahead with the index actionable, Directive's data and price setup suggest, if Nifty manages to cross and hold above 22,950, then a bounce could be seen towards 23,250 marks, while support can be seen at 22,725 levels. Bad Nifty has to hold above 49,250 for a bounce towards 50,000 marks, while support can be seen at 49,000.
[00:02:24] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in BSC, Shriram Finance, NMDC, Sip La, Hidalgo, JSW Steel and Chambul Kertelizer. While some weakness could be seen in Loris Labs, Nika, TechM, HCL Tech, Tata Kitsuma, Tata Communication and Glenmark. Wish you a summa trading day and a lovely weekend ahead.
[00:02:51] Shivangi Sarda signing off. Follow this podcast with solid advice. Investment and securities market are subject to market risk. Read all the related documents carefully before investing. the other thing whatever you want to expect for this is nothing. We will be anything to do with the source of the product and be seen in the form of the product.