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.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Dead.
[00:00:14] Hey, this is your host, Shivanki Sarga and let's look at what happened globally last weekend.
[00:00:21] A rally in the global market, strong domestic fund inflows and declining oil prices are likely to enhance our domestic market.
[00:00:29] To start with our first segment for Monday, 30th September 2024, Nifty Index opened positive
[00:00:35] and steadily slipped throughout the day after touching a fresh all-time high of 26,277.
[00:00:41] It held on to its crucial support of 26,115 and closed with losses.
[00:00:47] It formed a small-bodied bearish cattle of the daily frame but a strong bearish cattle on the weekly frame.
[00:00:53] It has been making higher highs from the last 7 weeks.
[00:00:58] India Weeks was slightly down to 11.96, Nifty Putkall ratio decreased and settled at 1.16.
[00:01:05] Option data suggest a broader tree-linked range in between 25,700 to 26,700 while immediate range is in between 26,000 to 26,400.
[00:01:17] Moving on to the second segment in the equity cash market, FIIIs were net sellers to the tune of 1299 crores while DIIIs were buyers worth 6,887 crores.
[00:01:30] FIIIs indexed long-short ratio increased to 81.5%.
[00:01:35] Going ahead with the index actionable, derivatives data and price setup suggest, Nifty has to hold above 26,000 while 50 for an up-move towards 26,350 then 26,500 while supports can be seen at 26,100 then 26,000 zones.
[00:01:54] Bank Nifty has to hold above 53,750 for an up-move towards 54,250 then 54,467 while on the downside support can be seen at 53,500.
[00:02:08] And finally talking about the sector's in stocks to watch out, positive stance was seen in oil and gas, chemicals and fertilizers, pharma, auto, IT, selective bands and FMC gene names.
[00:02:21] Now stocks to keep on radar, positive setup was seen in some of the oil and gas space stocks which includes IOC, Reliance and Gale.
[00:02:30] From the capital goods we have Siemens, ABB, Grass Seam, Cubans India and Polycap.
[00:02:35] From the pharma bag we have Sipla, Sanzama and DV's lab.
[00:02:40] From the NVFC space, Bajaj Fincerv is holding on to the highest zones with a good breakout.
[00:02:46] From the auto and auto ancillary pack, Bosch Limited MRF, Mother Sun and DVS Vodder look quite promising.
[00:02:53] From the consumption name we have UBL, Kohlpal, Titan, PD Lite and Indigo.
[00:02:59] While some weakness could be seen in Godrid CP, IEX, BSoft and NTTS.
[00:03:04] Wish you a super trading day ahead.
[00:03:07] Shivanki Sarda signing off. Follow this podcast for storage advice.
[00:03:25] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.