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 Motilal Oswal Research Test.
[00:00:05] We will be covering technical and derivatives, SII's activity, index, actionable, sectors and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:21] Hey, this is your host Shivangi Saarda and let's look at what happened globally.
[00:00:26] The market is expected to open on a flatish note due to concerns over FII selling and a weak start in the Asian markets.
[00:00:33] Asian indices dropped up to 2% following inflation data from Japan that exceeded expectations.
[00:00:40] FIIs were net sellers of loading over 11,000 per all yesterday raising major concerns in the market.
[00:00:48] The US markets were closed for the Thanksgiving holiday.
[00:00:51] To start with our first segment for Friday 29th November 2024, Nifty index opened flattish and after the minor initial hour gains,
[00:01:00] it cascaded throughout the session and fell by 470 points during the day.
[00:01:06] Bears had taken over the entire session with no respite and a touched low of 23,873 marks.
[00:01:12] It formed a bearish candle on the daily frame and closed with losses of around 360 points.
[00:01:17] India Wix was up by 4% to 15.2 levels.
[00:01:22] Nifty put call ratio decreased to 0.95.
[00:01:25] Option data suggest a broader trading change in between 23,500-24,500 while immediate range is in between 23,700-24,200.
[00:01:38] Moving on to the second segment in equity cash market, FIIs were net sellers to the tune of 11,756 crore
[00:01:46] while DIIs are buyers worth 8,718 crores.
[00:01:52] FII's index longshot ratio reduced to 33%.
[00:01:56] Going ahead with the index actionable, derivatives data and price setups suggest, till Nifty holds
[00:02:02] below 24,000, weakness could be seen towards 23,750 then 23,650, while hurdles can be
[00:02:09] seen at 24,100 and 24,250 levels.
[00:02:13] Till the time Bank Nifty holds below 52,000, some weakness could be seen towards
[00:02:18] 51,500 then 51,250, while on the upside hurdle can be seen at 52,500.
[00:02:27] And finally talking about the sectors and stocks to watch out, positive setup can be seen in
[00:02:32] Biocon, Indigo, Obdry Reality, Chumpil Fertilizer, Tinjean, COB, Nalko, Kandra Bank, Loris Labs,
[00:02:41] Polycab and Shriram Finance, while weakness can be seen in SPI Life, HDFC Life, Purcharge
[00:02:47] Finance, Hero Motorcorp, Nestle, Reliance, Titan, Purcharge Auto, Glenmark, Axis Bank and Escort.
[00:02:56] Wish you a super trading day ahead.
[00:02:58] Shivanki Sardar signing off.
[00:03:00] Follow this podcast for solid advice.