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 Dev.
[00:00:05] We will be covering technical and derivatives SIS activity, index, actionable sectors and
[00:00:10] stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey this is your host Shivani Ghisarada and let's look at what happened globally.
[00:00:27] The market is anticipated to open positively, pieced by a rally in global markets amid
[00:00:32] expectations that the US Fed Reserve will cut interest rates for the first time in four and
[00:00:38] a half years.
[00:00:39] To start with our first segment for Wednesday, 18th of September 2024, Nifty Index opened
[00:00:45] positive above 25,400 and after a slight dip in the initial hour it rebuilt strength
[00:00:52] and touched the all-time high zones.
[00:00:55] It remained afloat in the second half of the session with consolidation at higher
[00:00:59] zones.
[00:01:00] It formed a doji sort of a candle on the daily frame but the good part is it has been forming
[00:01:05] higher lows from the last four trading sessions which indicate supports are shifting higher.
[00:01:10] Now, India Wix was slightly up by 1% to 12.6 levels.
[00:01:15] Nifty put call ratio increased to 1.3 levels.
[00:01:19] Now this increase in the put call ratio with a competitive lower wix suggests that
[00:01:23] bulls are quite comfortable.
[00:01:25] Option data suggests a broader trading change in between 25,000 to 25,800 while immediate
[00:01:32] range is in between 25,200 to 25,600.
[00:01:37] Moving on to the second segment in the equity cash market, the DII's were by I was worth
[00:01:43] 874 crores.
[00:01:45] FII's index long shot ratio increased to 68%.
[00:01:50] Going ahead with the index actionable, derivatives data and price setup suggest, Nifty has to hold
[00:01:56] above 25,350 for an up move towards 25,550 then 25,750.
[00:02:04] While supports are placed at 25,300 then 25,200.
[00:02:10] Bank Nifty has to continue to hold above 52,000 for an up move towards 52,350 then
[00:02:17] 52,750 while on the downside support can be seen at 51,900 then 51,750.
[00:02:25] And finally talking about the sector's in stocks to watch out, positive
[00:02:29] stocks were seen in a whole mixed band.
[00:02:32] Now the declining Donner index could benefit metal stocks while sugar stocks
[00:02:36] may perform well following a rise in sugar prices to a three months high level.
[00:02:41] Focus will be on IT, FMCG and BSU banks today.
[00:02:45] Positive setup can be seen in capital market stocks like BSC, MCX, CDSL and
[00:02:52] selective AMC broken companies as well.
[00:02:55] Now from the IT space we have stocks looking quite positive including
[00:02:58] emphasis, co-forge and persisted.
[00:03:01] From the gas we have IGL and MGL which has given a price volume consolidation breakout.
[00:03:09] From the auto spec we have Vajar Auto and Hero MotoCorp which is holding quite
[00:03:14] well at the higher soles.
[00:03:15] Other stocks are also looking good like Habels and ICICF Bank.
[00:03:19] While some beacons could be seen in HAL, LALPATH Labs, PNB, PFC, Ashok Nelad and
[00:03:25] Tata Kibb. Wish you a super trading day ahead.
[00:03:29] Shivanki Sardar, Sairigov.
[00:03:31] Follow this podcast for solid advice.
[00:03:46] Investment and securities market are subject to market risk.
[00:03:49] Read all the related documents carefully before investing.