In this episode, Shivangi Sarda dives into the latest market updates for February 10, 2025. With global concerns around the US-China-EU trade war, the Indian stock market faces high volatility—what does this mean for traders?
As market volatility rises, traders are advised to brace for wild swings in Nifty and Bank Nifty next week, thanks to the ongoing trade war between the US, China, and European countries. Despite a positive outlook in the domestic market, global uncertainties are making their mark. In today's episode, we analyze key levels for Nifty and Bank Nifty, plus actionable stock recommendations.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:26] Market is expected to be highly volatile this week due to concerns over trade war between the US, China and European countries, despite a positive outlook in the domestic market. To start with our first segment for Monday, 10th February, 2025, Lifty Index opened positive but witnessed wild swings on either sides in the first half of Friday.
[00:00:49] It cascaded in the data part, which was followed by some recovery from 23 450 zones in the last hour. It formed a bearish candle on the daily frame with longer, lower shadow, which indicates that some pullback move is visible from the support zones. It formed a bullish candle on the weekly frame and has been making higher highs from the last three weeks. India Wix was down by around 3.5% to 13.7 levels.
[00:01:17] Nifty put-call ratio decreased to 0.83. Option data suggests a broader trading range in between 23,000 to 24,000, while immediate range is in between 23,200 to 23,800. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 470 crores, while DIIs were buyers worth 454 crores.
[00:01:44] FIIs index long-shot ratio decreased to 16%. Going ahead with the index actionable, derivatives data and price set-up suggest, Nifty has to hold above 23,500 for the next up move towards 23,900 marks, while support can be seen at 23,400. FIIs index long-shot ratio, while Nifty has to hold above 50,500, while Nifty has to hold above 50,000 for a bounce towards 50,500. While support can be seen at 50,000 zones.
[00:02:13] And finally talking about the sectors and stocks to watch out, positive set-up can be seen in JSW Steel, Tata Steel, Bharti Airtel, Thorin Pharma, NMDC, and Indus Tower. While some weakness could be seen in PVR, INOX, ITC, Siemens, Cummins, VBL, and Kolpal. Wish you a super trading day and a lovely week ahead. Shimangi Sarda signing off. Follow this podcast for solid advice.