Will the markets bounce back or dip further? Here's everything you need to know about today’s market outlook, from Nifty trends to sector analysis and top stock picks!
In this episode of Indian Market in Minutes, host Shivangi Sarda dives into today’s key market trends:
- Global markets slump as US Fed delays rate cuts and oil prices surge above $81 per barrel.
- Nifty opened flat, fell sharply, and ended with a bearish weekly close. Find out the crucial levels to watch today.
- FIIs remain net sellers while DIIs buy big—what does this mean for your investments?
- Sector watch: IT stocks like TCS and Infosys see a positive setup, while IndusInd Bank and Tata Elxsi exhibit weakness.
- Actionable market insights, including Nifty and Bank Nifty targets, for smarter trading strategies.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Desk. 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 Saarda and let's look at what happened globally. Market is expected to open on a weak note due to sharp declines across global markets triggered by the anticipation that the US Fendr Reserve may delay interest rate cuts.
[00:00:36] This, combined with ongoing FIS selling and a surge in the oil prices to a four-month high above $81 per barrel, is weighing down on the sentiment. To start with our first segment for Monday, 13 January 2025, Nifty Index opened flattish and bears took control right from the initial tick as strong selling pressure was seen from the upper levels. The index hit an intraday low of 23,444 within the first hour of the session.
[00:01:04] However, it showed a slow and steady recovery of almost 200 points by midday, followed by volatile moves later. Sell-on bounces continued in the index as it erased more than 500 points in this week. It formed a big bearish candle on the weekly chart and has been making lower highs from the last six trading sessions, which indicates further weakness in the market. The index was up by another 2% to 15 levels.
[00:01:32] Nifty put-call ratio decreased to 0.88. Option data suggests a broader trading range in between 23,000 to 24,000, while immediate range is in between 23,200 to 23,600. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tuner, 2255 crores, while DIIs were buyers worth 3,962 crores.
[00:01:59] FIIs indexed long-shot ratio decreased to 16%. Going ahead with the index actionable, derivatives data in price setup suggest, till the time Nifty holds below 23,600, weakness could be seen towards 23,333 and 23,250 zones, while hurdles can be seen at 23,800.
[00:02:21] Till the time Bank Nifty holds below 49,000, weakness could be seen towards 48,000 levels, while on the upside, hurdle can be seen at 49,000 levels. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in TCS, Wipro, HCL Tech, Persistent, Infosys, SPI Live, Pichaj Vinserv and Bharti Airtel.
[00:02:46] While weakness can be seen in Tata Alexi, Bheil, CDSL, PEL and GNMC. Wish you a super trading day and a lovely week ahead. Shivangi Sadha signing off. Follow this podcast for solid advice.
[00:03:18] Thank you.