Join Shivangi Sarda from Motilal Oswal Research Desk for a quick overview of today's market.
Get insights on Nifty's performance, volatility trends, FII/DII activities, key index levels, and sectors to watch. Stay tuned for actionable stock recommendations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal research desk. We will be covering
[00:00:07] technical and derivatives, FRII's activity, index actionable sectors and stocks to watch out. So
[00:00:13] stay tuned till the end. Hey this is your host Shavandi Sardar and to start with our first
[00:00:28] segment for Thursday 30th May 2024, Nifty Index Open negative and remain in a choppy manner
[00:00:35] throughout the session and pairs took over and broke all its immediate support zones.
[00:00:42] Indiaomics was marginally down, volatility spiked to 24.5 levels during the week. Now this needs
[00:00:49] to go down for stability and a smoother ride. Nifty put call ratio decreased to 0.8. Fall in this
[00:00:57] put call ratio indicates that there was some discomfort to the bulls. Option data suggests
[00:01:02] a broader trading range in between 22,500 to 23,000 Zones. Moving on to the second segment,
[00:01:11] in the equity cash market, FRII's have again sold and were net sellers to the tune of 5,842
[00:01:18] kRs while DII's were buyers worth 5,234 kRs. FRII's indexed long shot ratio decreased to 50%.
[00:01:28] Going ahead with the index actionable, dividends data and price setup suggests
[00:01:34] Nifty has to cross and hold above 22,700 for the momentum to regain foreign up move towards
[00:01:41] 22,900 then its recent lifetime high of 23,110. Whereas supports can be seen at 22,550 then
[00:01:51] 22,400. Till bank Nifty holds below 48,750, some more weakness could be seen towards 48,250
[00:02:01] then 48,000 levels while on the upside hurdle is seen at 48,750 then 49,000 Zones. And finally
[00:02:10] talking about the sectors and stocks to watch out, positive stats were seen in auto,
[00:02:16] farmer and selective banking stocks while all other sectors remained volatile.
[00:02:22] Stocks to watch out, auto index is holding at its new lifetime high of 23,500 with strength.
[00:02:30] Addict to this is Madhusarn, Exile Industry, TBS Motor and Verjaj Auto.
[00:02:36] Farmer stocks are showing a fresh breakout out of which Divi's lab, Glendmark and Biocon
[00:02:42] looks promising. Humid is adding fresh logs at any small decline. ABFRL has given a fresh breakout.
[00:02:52] Hindalpo is sustaining strongly at the higher so, wish you a great trading day ahead.
[00:02:58] For more such detailed analysis, don't forget to follow this podcast. This is Shivangi
[00:03:03] Sardar, starting off. Investment and securities market are subject to market
[00:03:18] risk. Read all the related documents carefully before investing.