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.
[00:00:15] Hey this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:26] The market is expected to open on a positive note, buoyed by strong FII's buying interest in the domestic equities and hopes of an upcoming reduction in the CRR during RBI's credit policy meeting.
[00:00:39] Despite this optimism, global markets saw declines with US stocks falling and Asian markets also retreating as investors awaited Friday's key monthly jobs report which could impact Federal Reserve policy.
[00:00:50] To start with our first segment for Friday, 6th December 2024, Nifty Index opened positive and witnessed highly volatile swings within 550 points throughout the day.
[00:01:01] It dropped in the initial hours after which bulls drove the index for the entire day and took it above 24,850 marks.
[00:01:09] The last hour again witnessed swings of 400 points on either side and it formed a bullish candle and an outside bar to close with gains of around 240 points.
[00:01:18] India Wix was marginally up by 0.5% to 14.5 levels.
[00:01:23] Nifty put call ratio increased to 1.24 which comforts the bulls.
[00:01:28] Option data suggest a broader trading range in between 24,000 to 25,200 while immediate range is in between 24,300 to 25,000.
[00:01:39] Moving on to the second segment in the equity cash market, FII's were net buyers to the tune of 8,540 crores,
[00:01:47] while TIIs were sellers worth 2,304 crores.
[00:01:52] FII's index long-shot ratio increased to 43.8%.
[00:01:56] Going ahead with the index actionable,
[00:01:59] Devatives, Zeta and Price Setup suggest,
[00:02:01] Nifty has to hold above 24,650 for an up move towards 24,850 and 10 psychological 25k marks, whereas supports can be seen at 24,500 marks.
[00:02:12] Bank Nifty has to hold above 53,250 for an up move towards its previous lifetime high of 54,467 marks, while on the downside support shifts higher to 53,000 levels.
[00:02:25] And finally, talking about the sectors in stocks to watch out, positive setup can be seen in BSC, CDSL, Angel One, MCX, Zomato, CESC, TCS, Apollo Tyres, Persistent Systems and Wipro.
[00:02:40] While some weakness could be seen in Adani Green, ABFRL, Puchaj Auto, Escorts, ITFC First Bank, HDFC Life, SPI Life, Industin Bank and ICICI Proof.
[00:02:53] Wish you a super trading day and a lovely weekend ahead.
[00:02:56] Shimangi Sardar signing off. Follow this podcast for solid advice.