Get the latest insights into the Indian markets as we decode trends in Nifty, Bank Nifty, and key global updates that could shape your trading decisions!
In today’s episode, Shivangi Sarda unpacks the market action for January 15, 2025, starting with a positive global cue driven by a dip in US bond yields and optimism ahead of US CPI data. However, challenges persist with Nifty forming a Doji candle and continuing its lower-highs streak.
- Nifty’s broader trading range set between 22,600-23,600 and immediate resistance levels.
- Bank Nifty outlook: Bounce points at 48,500 zones, but weakness expected if held below.
- FIIs sold heavily (₹8132 crores), while DIIs cushioned with ₹7901 crores in buying.
- Stocks to watch:
- Bullish: Biocon, BSE, Escorts, and UPL.
- Bearish: HCL Tech, Persistent Systems, and Apollo Hospitals.
Whether you’re tracking sectors or diving into market indices, this episode arms you with actionable insights and trading strategies!
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
Follow this podcast on Spotify and subscribe to our YouTube channel for daily updates, expert analysis, and solid trading advice.
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Desk. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:26] Marken is expected to open on a positive note driven by a rally in the global markets ahead of the release of US CPI data today. As well as a decline in the US 10-year bond yield. The lower than expected US producer price index has increased expectation of a rate cut by the US Fendt Reserve which could have a positive impact on the global markets.
[00:00:49] To start with our first segment for Wednesday 15 January 2025, Nifty index opened positive and attempted for a pullback move but failed to show follow up buying. It witnessed swings within a band in the first half of the session followed by some consolidation. It formed a doji sort of a candle and an inside bar on the daily frame with longer upper shadow indicating pressure is intact at higher zones.
[00:01:14] It has been making lower highs from the last eight trading sessions and wiped off almost 1200 points in this span. India Wix was down by 3.3% to 15.5 levels. Nifty put call ratio increased to 0.86. Option data suggests a broader trading range in between 22,600 to 23,600 zones while immediate trade is in between 23,000 to 23,400.
[00:01:41] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 8,132 crores while TII's were net buyers worth 7,900 crores. FII's index long-shot ratio marginally increased to 16.5%.
[00:01:59] Going ahead with the index actionable, debitives data and price setups suggest, till the time Nifty holds below 23,200, weakness could be seen towards 23,000 and 22,800, while hurdles are placed at 23,350 marks. Bank Nifty has to hold above 48,500 for a bounce towards 49,500 marks, while a hold below the same could see some weakness towards 48,000 zones.
[00:02:28] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Biocon, BSC, ITR, UPL, Escorts and Zydus Life, while some weakness could be seen in HCL Tech, United Spirits, LTI Mindry, LTTS, Persistent, Dr. Lal Path Labs, Kolpal and Goatrich Consumer. Wish you a super trading day ahead. Shivangi Sardar signing off. Follow this podcast for solid advice.
[00:03:10] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.