In this episode, the host, Shivangi Sarda, analyzes the current trends and key levels for the Nifty index.
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 Desk
[00:00:14] Hey, this is your host Shivangi Sarada and let's look at what happened globally.
[00:00:19] The market is expected to open positively fueled by a rally in the global markets
[00:00:24] and a mixed bag of quarterly results from the domestic companies.
[00:00:28] Overnight, the US markets had mixed outcomes.
[00:00:31] To start with our first segment for Friday 25th October 2024,
[00:00:36] Nifty index opened negative and remained in the range of the first hour throughout the day.
[00:00:41] It consolidated in a narrow band and broke 24,350.
[00:00:46] It formed a doji sort of a candle on the daily frame
[00:00:49] and has been making lower highs, lower lows from the last three sessions.
[00:00:54] India Wix was down by 4.5% to 14 levels.
[00:00:59] Nifty put-call ratio increased to 1.
[00:01:02] Option data suggests a broader trading range in between 24,000 to 24,800,
[00:01:09] while immediate range is in between 24,200 to 24,600.
[00:01:14] Moving on to the second segment in the equity cash market,
[00:01:19] FIIs were net sellers to the tune of 5,062 crores, while DIIs were buyers worth 3,620 crores.
[00:01:28] FIIs index long-shot ratio increased to 35%.
[00:01:33] Going ahead with the index actionable,
[00:01:36] Devices data and price setup suggest,
[00:01:38] Till nifty holds below 24,500,
[00:01:41] weakness could be seen towards 24,250,
[00:01:45] then 24,000 levels,
[00:01:47] while hurdles are placed at 24,500,
[00:01:50] then 24,600.
[00:01:52] Till nifty holds below 51,750,
[00:01:57] some weakness could be seen towards 51,250,
[00:02:01] then 51,000 levels.
[00:02:03] While on the upside,
[00:02:04] hurdle can be seen at 51,750,
[00:02:07] then 52,000 levels.
[00:02:09] And finally, talking about the sectors and stocks too,
[00:02:13] watch out,
[00:02:14] positive stance was seen in fertilizers, textiles,
[00:02:17] cement and selective banking counters.
[00:02:20] Now positive setup can be seen in some of the IT stocks,
[00:02:23] which includes CoForge and TechM.
[00:02:25] From the banking,
[00:02:26] we have HDFC Bank and COB looking quite positive,
[00:02:30] while weakness can be seen in most of the FMCG stocks.
[00:02:34] Wish you a super trading day ahead.
[00:02:36] Shivangi Sarda signing off.
[00:02:38] Follow this podcast for solid advice.