Markets remain volatile with global tariff disputes and FIIs selling putting pressure on key indices. Where are the opportunities amidst the uncertainty?
In this episode of Daily Market Insights, host Shivangi Sarda breaks down the latest market movements as trade tariff disputes weigh on global markets. Key updates include:
- Nifty's failed attempt to breach 23350, closing 110 points lower.
- Options data signaling a broader range between 22500 and 23500 zones.
- FIIs turning net sellers with 2758 crore outflow, while DIIs bought in.
- Actionable insights for Nifty and Bank Nifty levels to watch.
- Stocks to monitor: Positive setups in Laurus Labs, Infy, Tata Consumer; Weakness in CAMS, Havells, Oberoi Realty, and others.
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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, FII'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] Concerns over continued FII's selling and the ongoing trade tariff dispute between the US and Europe, China, Canada and South American countries, as well as a sharp move in the US index futures following President Trump's tariff orders could result in a weaker opening for the domestic equity markets. Additionally, market participants may adopt a cautious stance ahead of the key event as Union Budget Announcement.
[00:00:51] To start with our first segment for Monday 27th January 2025, Nifty Index opened negative and witnessed a recovery from the initial dip but failed to cross and hold above 23,350 marks and witnessed profit booking thereafter. It wiped off its intraday gains to drop to 23,050 soles and closed with losses of over 100 points. It formed a bearish candle on the daily frame with longer upper shadow, indicating pressure is present on the upside.
[00:01:21] It formed a bearish candle on the weekly basis and has been making lower top, lower bottoms on the weekly frame. India Wix was up marginally by 0.3% to 16.7 levels. Nifty put-call ratio decreased to 0.84. Option data suggests a broader trading range in between 22,500 to 23,500, while immediate range is at between 22,700 to 23,300 levels.
[00:01:51] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 2,758 crores, while DIIs were buyers worth 2,402 crores. FIIs indexed long-shot ratio increased to 20%.
[00:02:08] Going ahead with the index actionable, derivatives data and price setup suggest, till the time Nifty holds below 23,150, weakness could be seen towards 22,950 and 22,800, while hurdles are seen at 23,333 and 23,500.
[00:02:27] Till the time Bank Nifty holds below 48,500, weakness could be seen towards 47,750, while on the upside, resistance can be seen at 49,000 levels. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Loras Labs, Emphasis, Persistence Systems, Aisha Motor, Tata Consumer, Wipro, Mutut Finance and Berger Payne.
[00:02:54] While some weakness could be seen in Obra Realty, Kalyan Jewelers, M&M, Prestigious States, CDSL, Sidjean and Atul. Wish you a super trading day and a lovely week ahead. Shivangi Sarda signing off. Follow this podcast for solid advice.