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 the Motilal Oswal Research Test.
[00:00:14] Hey, this is your host Shivangi Sardar and let's look at what happened globally.
[00:00:19] Record high closing US markets along with strong opening in the Asian market, falling rent prices by over 10% from the recent highs and impressive Q2 results announced by HCF Tech may have a positive sentiment in the domestic market.
[00:00:35] Now, start with our first segment for Monday 15th October 2024.
[00:00:40] Nifty index opened positive above 25k marks and witnessed buying interest throughout the session.
[00:00:47] It remained range-bound in the second half of the day but managed to close above with gains of around 160 points.
[00:00:54] It formed a bullish sort of a candle on the daily frame and closed above its 50 daily exponential moving average.
[00:01:01] India mix was down by around 2% to 13 levels.
[00:01:06] Nifty put-call ratio increased to 0.90.
[00:01:09] These two factors have clearly contributed to the comfort to the bulls.
[00:01:13] Option data suggest a broader trading range in between 24,700 to 25,600 zones, while immediate range is in between 24,900 to 25,300.
[00:01:25] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3733 crores, while DIIs were net buyers worth 2278 crores.
[00:01:40] FIIs index long-short ratio decreased to 35.5%.
[00:01:45] Going ahead with the index actionable, derivatives theta and price setups suggest, till the time Nifty holds above 25,000, it could see an up move towards 25,350 and then 25,450 zones, while supports can be seen at 25,000 levels.
[00:02:03] Bank Nifty has to hold above 51,500 for the bounce towards 52,500, while on the downside support can be seen at 51,500 levels.
[00:02:15] And finally, talking about the sectors in stocks to watch out, positive stats were seen in banks, pharma, IT and reality names.
[00:02:25] Now stocks to keep on radar, positive setup can be seen in some of the IT names which includes TechM, Persistent and OFSS.
[00:02:33] From the BFSI segment, we have HTFC Life and Quoted Bank looking quite positive.
[00:02:38] From the Pharma pad, Glenmark and DV's lab are witnessing fresh buying at the higher zones.
[00:02:44] From the auto space, we have TVS motor which is just bottoming out.
[00:02:48] While some meekness could be seen in TatoChem, IGL, Polpal, ONGC, Concorde, Bichaj Finance and Darburg.
[00:02:56] Wish you a super trading day ahead.
[00:02:58] Shivangi Saadar signing off.
[00:03:00] Follow this podcast for solid advice.
[00:03:19] Thank you.