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.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end.
[00:00:15] Hey, this is your host Shivangi Sarada and let's look at what happened globally.
[00:00:26] The market is anticipated to open on a positive note driven by buoyant sentiment following FIIs turning into net buyers over the past two trading sessions.
[00:00:35] The optimism is bolstered by the expectation of the RBI cutting the cash reserve ratio and a record high closing on the Wall Street.
[00:00:44] To start with our first segment for Thursday, 5th December 2024, Nifty Index opened positive and crossed a major hurdle of 24,500 marks but witnessed a sharp fall within seconds during midday.
[00:00:58] The good part is that it respected its support of 24,350 and witnessed a quick recovery from the intraday fall to later close with marginal gains.
[00:01:08] It formed a doji sort of a candle with longer lower shadow indicating that buying interest is intact at lower levels and has been making higher lows from the last four trading sessions.
[00:01:18] India Wix was marginally up by 0.5% to 14.5 levels.
[00:01:24] Nifty put call ratio decreased to 1.14.
[00:01:27] Option data suggests a broader trading range in between 24,000 to 25,000 while immediate range is in between 24,200 to 24,700.
[00:01:38] Moving on to the second segment in the equity cash market, FIIs were net buyers to the tune of 1798 crores,
[00:01:46] while DIIs were sellers worth 900 crores.
[00:01:50] FII's index long-shot ratio increased to 38%.
[00:01:54] Going ahead with the index actionable,
[00:01:56] Deviters data and price setup suggest,
[00:01:59] Nifty has to hold above 24,400 for an up move towards 24,650 and then 24,750 marks,
[00:02:07] while support can be seen at 24,250.
[00:02:10] Bank Nifty has to hold above 53,000 for an up move towards 54,000 while support shifts higher to 52,750.
[00:02:19] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Lodha, Obra Realty, Bank of India, Indian Bank, Paytm, Policy Bazaar, Prestige Estate, Federal Bank, MCX and Canberra Bank.
[00:02:35] While some weakness could be seen in Nica, Bajaj Auto, Escorts, Mariko, Tata Motors, Hero Moto Corp, Maruti and ICICI Pro.
[00:02:44] Wish you a super trading day ahead.
[00:02:46] Shivangi Sarada signing off.
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