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.
[00:00:21] Hey, this is your host Shivangi Salda and let's look at what happened globally.
[00:00:26] The market is expected to open on a positive note due to FII's turning net buyers and bought over Rs 10,000 crore in the last two trading sessions.
[00:00:35] Additionally, reduced geopolitical tensions in the Gulf following the ceasefire agreement and record high US market closes are boosting sentiment.
[00:00:45] To start with our first segment for Wednesday, 27 November 2024, Nifty Index opened positive but failed to hold its morning gains and couldn't surpass its previous day's high.
[00:00:57] It witnessed some pressure within a range and broke its previous day's low levels.
[00:01:01] It formed a bearish candle on the daily frame and follow-up is missing in action.
[00:01:07] India WIX was near 15.3 levels unchanged, while Nifty put-call ratio decreased to 1.04.
[00:01:14] Option data suggest a broader trading range in between 23,700 to 24,700, while immediate range is in between 24,000 to 24,500.
[00:01:26] Moving on to the second segment in the equity cash market, FIIs were net buyers to the tune of Rs 1,158 crores, while DIIs were sellers worth Rs 1,911 crores.
[00:01:40] FII's index long-shot ratio marginally decreased to 35%.
[00:01:45] Going ahead with the index actionable, Devittives data and price setup suggest, Nifty has to hold above 24,150 for an up move towards 24,350, then 24,500 levels, while support can be seen at 24,000 zones.
[00:02:00] FIIs, Nifty has to hold above 52,000 for an up move towards 52,500, then 52,750, while support can be seen at 51,750.
[00:02:12] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in PEL, Biocon, Granules, CUB, Apollo Tyres, Loris Labs, Obra Reality, Jublin Foodworks, HAL, BEL, Infosys and LTI Mindry.
[00:02:30] While some weakness could be seen in Lupin, Bichaj Oto, Adani Ports, Canfin Homes, Gale, Ambuja Cements, NTPC, Coal India and IGL.
[00:02:40] Wish you a super trading day ahead!
[00:02:42] Shivangi Sarda signing off.
[00:02:44] Follow this podcast for solid advice.