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 the Motilal Oswal Research Test. We will be covering technical and derivatives, FII's activity, index actionable, sectors and stocks to watch out. So stay tuned till the end.
[00:00:26] Hey this is your host Shabanghi Sarada and to start with our first segment for Wednesday 12th June 2024. Nifty Index opened positive and continued its positive trajectory for most part of the session, with slight profit booking declined towards the end. Overall it
[00:00:43] traded in a narrow range of 180 points and closed a 10-bit above 23,250. India Vix was down by another 10% to 14.7. Volatility has cooled off from its significant highs and converting the bulls. Nifty put call ratio increased to 1.02. Now this fall
[00:01:03] in India Vix along with rising put call ratio indicates strong support base buying. Option data suggest a broader trading range in between 22,700 to 23,700 while immediate range is in between 23,000 to 23,500. Moving on to the second segment in the equity cash market,
[00:01:25] FII's were net centers to the tier of 1,1,1 crores while DII's were buyers worth 3,193 crores. FII's index long short ratio increased to 36.5%. Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold above 23,200 for an upside
[00:01:49] move towards 23,500 and then 23,700 while supports are placed at 23,100 then 23,000 levels. Bank Nifty has to continue to hold above 49,500 for the up move towards 50,000 and then 50,500 while other downside support shifts higher to 49,500 then 49,250.
[00:02:17] And finally talking about the sectors and stocks to watch out, positive stance was seen in fertilizers, reality, auto, IT, cement and power stocks while some minor profit taking in Vama names. Now stocks to keep on radar are auto stocks which are showing strength like Ashok Nehland,
[00:02:36] Bharat Borj and for that matter especially 2-wheeler space like Escort's Hero Moto TBS motor. Bharti Aitel is holding on to its higher zones, getting ready for a fresh rally. Santhini where we can see that the bulls have taken a front seat in this stop.
[00:02:53] Pony Cab is consolidating at higher zones and can be put on the watch list. GMR Infra from the travel space is back in action so wishing you a great journey here. Wish you a super trading day ahead for more such detailed analysis don't forget
[00:03:09] to follow this podcast. This is Shivangi Sardar signing off.