In this episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda delivers a quick and insightful market update for January 17th, 2025. Markets are expected to open flat to positive, driven by strong earnings from Infosys and Reliance, alongside optimism around a potential US interest rate cut. Geopolitical tensions have eased following a ceasefire agreement between Israel and Hamas, adding to the positive sentiment.
We dive into Nifty’s performance, highlighting a bullish comeback towards the 23,350 zone, and analyze key levels for the next moves. Actionable market insights include options data, stock picks, and strategies for the upcoming sessions.
Global market updates and US Federal Reserve news.
Nifty's technical analysis with critical support and resistance levels.
Stocks to watch: LTTS, Reliance, Kotak Bank, MCX, and more.
Sector-specific updates: Positive setups and potential weakness in certain stocks.
Actionable Insights: Find out which stocks are primed for growth and where to look for short-term opportunities in the market.
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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 Shivanki Sarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a flat-to-positive note supported by Infosys raising its revenue guidance, strong results from reliance and optimism around the US Fed Reserve potentially cutting interest rates after the US inflation showed signs of cooling. Additionally, reduced geopolitical tensions following a ceasefire agreement between Israel and Hamas are likely to boost market sentiment.
[00:00:51] To start with our first segment for Friday, 17th January 2025, Nifty Index opened positive but slipped and gave up its opening gains in the first tick itself. This was followed by a lackluster move with slight attempts to recovery which was again given up. The last hour witnessed a comeback of the Bulls and it managed to cross its previous rejection zone of 23,350 marks.
[00:01:14] It formed a small-bodied candle on the daily frame with longer lower shadow and has started making higher lows from the last three trading sessions. IndiaWix was up by another 1.5% to 15.5 levels. Nifty put call ratio increased to 1. Option data suggests a broader trading range in between 22,800 to 23,700 zones while immediate range is in between 23,100 to 23,500.
[00:01:44] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 4,342 crores while DIIs were net buyers worth 2,929 crores. FIIs index long-shot ratio decreased to 17%.
[00:02:03] Going ahead with the index actionable, debitives data and price setups suggest Nifty has to cross and hold above 23,350 for strength to regain towards 23,500 and 23,700 while supports are shifting higher to 23,150 than 23,050 marks. FIIs Bank Nifty has to hold above 49,000 for a bounce towards 50,000 levels while support can be seen at 49,000.
[00:02:30] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in BSC, MCX, CDSL, Reliance, Ambucha Cement and Kotak Bank. While some weakness could continue in Trent, Tato Consumer, Bata, Nestle, KPIT Tech and HCL Tech. Wish you a super trading day ahead. Shivangi Sardar signing off. Follow this podcast for solid advice.
[00:03:09] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.