ЁЯУК Nifty Breaks Out with a Massive 950-Point Rally! Will the bulls continue to dominate, or should investors be cautious? In this episode of Indian Market in Minutes, Shivangi Sarda breaks down:
тЬЕ NiftyтАЩs explosive rally and key support/resistance levels
тЬЕ FIIs vs. DIIs: WhoтАЩs driving the market?
тЬЕ Top stock picks & sectors to watch this week
тЬЕ Bank Nifty Outlook тАУ What levels matter now?
ЁЯТ╣ Key Takeaways:
- Nifty surged over 4%, breaking out from consolidation at 22,800 ЁЯЪА
- FIIs were net buyers of тВ╣7,470 Cr, DIIs sold тВ╣3,202 Cr
- India VIX remains low at 12.58 тАУ signaling stability
- Bullish stocks: Manappuram Finance, HPCL, Bharti Airtel & more
- Weak stocks: Jindal Stainless, Voltas, Polycab India & others
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal's research desk. We will be covering technical and derivatives, FII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Saarda and let's look at what happened globally.
[00:00:26] The market is expected to open positively due to a strong FII's buying interest comeback, while a decline in the USDINR to a two-year low below 86 and a rise in the US index futures. Now after the US president hinted of flexibility on the reciprocal tariffs. There is optimism that India being one of the most favoured nations in the US could benefit especially as the US plans to impose a reciprocal tariff on India.
[00:00:54] To start with our first segment for Monday 24th March 2025, Nifty Index opened on a flattish note and strong buying from the start fuelled a steady uptrend throughout the day, pushing the index to a high of 23,400 marks. For the entire week, the Bulls held their grip, driving Nifty by over 950 points, which is almost 4%, marking its highest weekly gain in two years.
[00:01:19] The index has given a breakout from its three-week consolidation at 22,800 and is holding well above at the highest zones. It formed a bullish Maru Bozu candle on the weekly chart, indicating a continuation of the strong bullish momentum and is forming higher highs, higher lows from the last five trading sessions. India Wix was marginally down by 0.2% to 12.58.
[00:01:45] Nifty put-call ratio slightly decreased to 1.15. Option data suggests a broader trading range in between 22,900 to 23,800, while immediate range could be in between 23,200 to 23,600.
[00:02:03] Moving on to the second segment in the equity cash market, FIIs were net buyers to the tune of 7,470 crores, while DIIs were sellers worth 3,202 crores. FIIs' index long-shot ratio increased to 32%.
[00:02:21] Going ahead with the index actionable, debuters data and price setup suggest, Nifty has to hold above 23,200 for the next up move towards 23,700, while support can be seen at 23,000. Bank Nifty has to hold above 50,250 for the next up move towards 51,250, while support can be seen at 50,000 zone.
[00:02:46] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Manapuram Finance, Bharti Airtel, Poonawalla Fincorp, BPCL, CDSL and L&D. While some weakness could continue in Nalko, Voltas, CG Power and Cummins India. Wish you a super day ahead! Shivangi Sardar signing off. Follow this podcast for solid advice.
[00:03:24] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.