In this episode, the host Shivangi Sarda provides a comprehensive analysis of the market's current state and future potential.
Key segments include technical and derivatives insights, FII activity, index actionables, and sectors and stocks to watch.
Highlights include Nifty's potential new highs, the impact of volatility, FII and DII activity, and stocks showing strength in various sectors.
Stay tuned for detailed insights and actionable trading strategies.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk.
[00:00:05] Let's skip the intro and let's dive in as Nifty is all set to hit a fresh record high.
[00:00:20] This is your host Shivangi Sardar and to start with our first segment for Monday, 3rd June 2024,
[00:00:26] Friday's session opened positive above 22,550 and after a slight dip in the first half,
[00:00:33] it was witnessed by swings in the next half.
[00:00:36] It broke 22,500 but respected its previous day's lower zones and recovered in the last hour.
[00:00:43] India Wix was up at 24.6 levels.
[00:00:46] Wallslitties spiked above 26 during the week and has caused some discomfort to the bulls
[00:00:52] but now Wix is likely to fall lower below 16-18 zones which may resume the bullish stance for a smoother ride in the market.
[00:01:00] Nifty put call ratio is at 1. Since it's the beginning of the new series,
[00:01:05] Option data is scattered at various price strikes.
[00:01:08] Option data suggests a broader trading range in between 21,800 to 23,500
[00:01:15] while immediate range is in between 22,300 to 23,100 levels.
[00:01:21] Moving on to the second segment in the equity cash market,
[00:01:25] FIIIs were net buyers to the tune up 1,613 kroners while DIIIs were buyers worth 2,114 kroners.
[00:01:34] FIII's index long short ratio improved to 14%.
[00:01:38] Going ahead with the index actionable, derivatives data and price setup suggests
[00:01:43] Nifty has to hold above 22,500 for a fresh rally towards 22,750 then 23,100
[00:01:52] and a new lifetime high whereas the boats are likely to shift higher.
[00:01:56] Bank Nifty has to continue to hold above 48,500 for an upward towards 50,000
[00:02:02] and a new lifetime high with the boats likely to shift higher.
[00:02:06] And finally talking about the sector's in stocks to watch out,
[00:02:10] Positive Stance was seen in Nifty's CPSC, banking, metals, reality and consumer durable stocks.
[00:02:18] So stocks to watch out, from the auto index we have Mother Sun, Bharat Forge and M&M
[00:02:24] which is holding at its new high tendry with strength.
[00:02:27] Behaled from the capital goods segment, HR, IRCGC, NTPC and Coal India
[00:02:34] as CPSC index is likely to see a fresh leg of bullish momentum.
[00:02:39] SBI and Axis banned from the banking space, Bharati HL where we've seen a good support base buying
[00:02:45] finally Dixon which is getting ready for the next leg of grand.
[00:02:49] Wish you a exciting trading day ahead for more such detailed analysis
[00:02:53] don't forget to follow this podcast.
[00:02:55] This is Shivangi Sardas signing off.