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.
[00:00:05] We will be covering technical and derivatives SIRs activity, index, actionable sectors and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey this is your host Shivangi Sardar and let's look at what happened globally.
[00:00:27] U.S. equities recorded a smart rally on Friday as traders looked towards the Fed reserves,
[00:00:33] beating at which the policy makers are widely expected to start cutting interest rates.
[00:00:38] To start with our first segment for Monday 16th September 2024,
[00:00:43] Nifty Index opened positive at 25,430 marks but failed to cross its opening level
[00:00:49] and remained within the range of its opening ideal.
[00:00:52] It witnessed a consolidated move within a band of 140 points
[00:00:56] and held on to 25,300 as support zones.
[00:01:00] It formed a small-bodied bearish candle on the daily frame
[00:01:03] but a Polish engulfing candle on the weekly basis
[00:01:06] and completely wiped off the entire pain of the previous week with a strong action from the bulls.
[00:01:13] Ideal Wix was down by 5% to 12.5 levels.
[00:01:17] Nifty put-call ratio slightly decreased to settle at 1.33 but good part is
[00:01:22] it is still hovering at higher zones with a lower volatility which converts the bulls.
[00:01:28] Option data suggests a broader trading range in between 24,900 to 25,800
[00:01:34] while immediate range is between 25,200 to 25,600.
[00:01:40] Moving on to the second segment in the equity cash market,
[00:01:44] FYI's were then buyers to the tune of 2,365 crores
[00:01:48] while DIIs were buyers worth 2,532 crores.
[00:01:53] FYI's index long-shot ratio increased to 67.5%.
[00:01:58] Going ahead with the index actionable, derivatives data and price setup suggest
[00:02:03] Nifty has to hold above 25,350 for an up-move towards 25,500 then 25,750
[00:02:12] while supports are shifted higher to 25,250 then 25,100.
[00:02:18] Talking about back nifty it has to continue to hold above
[00:02:21] 51,750 for an up-move towards 52,250 then 52,500
[00:02:28] while on the downside support can be seen at 51,750 then 51,500 levels.
[00:02:35] And finally talking about the sectors and stocks to watch out
[00:02:39] Positive starts with seeing IT, banks, cement, selective auto and metal stocks.
[00:02:45] The positive setup can be seen in most of the sectorial indices
[00:02:49] as broader market is holding firm with fantastic advanced decline ratio.
[00:02:55] Stock-wise major attraction is seen in counters like Gantt-Bitholm,
[00:03:00] NMDC, LTF, Nalco, Pildram Purchini, Party Airtel, LIC, Kindalco and Orofarba.
[00:03:09] The positive setup can be seen in some of the IT, financial and selective banking space
[00:03:15] while we can be seen in MGL, O&GC, Gujarat Gas and REC.
[00:03:20] Wish you a super-trading day ahead.
[00:03:22] Shivagri Sar Das Siding Golf.
[00:03:24] Follow this podcast with solid advice.
[00:03:40] Investment and securities market are subject to market risk.
[00:03:43] Read all the related documents carefully before investing.