In this episode, the host, Shivangi Sarda, provides a comprehensive analysis of the market’s current state and future potential.
Key segments cover technical insights, FII activity, index actionable, and sectors to watch, highlighting Nifty's potential highs, volatility impact, and strong stocks.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[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.
[00:00:22] Hey, this is your host Shivangi Saarda and let's look at what happened overnight.
[00:00:26] The market is expected to open positively following the significant victory of the BJP-led government in Maharashtra.
[00:00:32] This is further supported by strong performances in Asian markets and a rise in the US index futures, driven by the new said Scott Pesson, chosen by Donald Trump as Treasury's secretary, is seen as a stable choice that will enhance the US economy and financial markets.
[00:00:49] Now, Maharashtra's contribution of nearly 15% to India's total GDP along with Mumbai as the financial hub suggests that political stability in this state will significantly boost investor confidence.
[00:01:01] To start with our first segment for Monday, 25th November 2024, Nifty index opened positive and witnessed buying interest right from the start of the session and the index surged to 23,956 levels.
[00:01:16] It moved by 600 points to cover the losses of the last five trading sessions and gave a sign of relief after continuous selling.
[00:01:23] It formed a bullish candle on the daily frame and closed with gains of around 560 points.
[00:01:29] It formed a bullish candle with longer lower shadow on the weekly basis which indicates buying is visible at lower levels.
[00:01:36] India Wix was slightly up by 0.7% to 16 zones.
[00:01:40] Nifty put call ratio increased to 1.19.
[00:01:43] Option data suggests a broader trading range in between 23,400 to 24,300, while immediate range is in between 23,700 to 24,200.
[00:01:57] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 1,278 crores, while DIIs were buyers worth 1,722 crores.
[00:02:10] FIIs index longshot ratio increased to 31%.
[00:02:14] Going ahead with the index actionable, derivatives data and price setup suggest, Nifty has to hold above 23,800 for an up move towards 24,250 then 24,350 levels, while support can be seen at 23,750 and 23,500 levels.
[00:02:32] Bank Nifty has to hold above 50,700 for a bounce towards 51,500 and 51,750 marks, while support can be seen at 50,500.
[00:02:44] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Indian Hotel, Nalko, Federal Bank, CoForge, Coromundal, Ramco Cements, LTI Mindtree, DV's Lab, Dixon, HCL Tech, Persistent Systems and Loras Labs.
[00:03:02] While weakness can be seen in Berger Pains, Crompton Greaves, PD Light, Bharat Forge, UPL, Asian Pains and ITC.
[00:03:11] Wish you a super trading day and a lovely week ahead.
[00:03:15] Shivangi Sarda signing off. Follow this podcast for solid advice.
[00:03:32] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.
[00:03:38] I hope you do not try and share the best information!
[00:03:39] I hope you can find it all!
[00:03:39] If you are, we will not try again!
[00:03:39] If you are, we are opening.
[00:03:40] See you?
[00:03:40] You will never know the question!