Ready to conquer the markets? ЁЯОп Nifty makes a bold move with a 475-point rally, while FIIs flip the script with net buying. Here's your ultimate guide to today's trading insights and top stock recommendations.
In this episode of Indian Market in Minutes, Shivangi Sarda from the Motilal Oswal Research Desk brings you:
- A recap of Nifty's impressive climb to 24200, forming higher highs and lows.
- Options data revealing key trading ranges between 23800тАУ24600 zones.
- FII and DII activity updates with net buying trends.
- Actionable trading strategies for Nifty, Bank Nifty, and individual stocks.
- Sector-wise opportunities: Positive setups for Eicher Motors, Infosys, M&M, and more; stocks showing weakness like Petronet LNG and Adani Total Gas.
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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, FII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end.
[00:00:21] Hey, this is your host Shivangi Salda and let's look at what happened globally.
[00:00:26] The market is expected to open flat as FII's turned net buyers after 11 sessions of net selling.
[00:00:32] To start with our first segment, for Friday 3rd January 2025, Nifty Index opened positive and bulls took over right from the initial tick and witnessed a spectacular move of 475 points.
[00:00:47] It went on to cross 24200 and closed with gains of around 450 points.
[00:00:52] It formed a big bullish candle on the daily frame and has started to form higher highs, higher lows from the last two trading sessions.
[00:00:59] India Wix was down by around 5.3% to 13.7 doubles. Nifty put-call ratio increased to 1.23.
[00:01:08] Option data suggest a broader trading range in between 23,800 to 24,600, while immediate range is in between 23,900 to 24,400.
[00:01:21] Moving on to the second segment, in the equity cash market, FII's were net buyers to the tune of 1,507 crores, while DII's were buyers worth 22 crores.
[00:01:34] FII's index long-shot ratio increased to 19.5%.
[00:01:38] Going ahead with the index actionable, debitor's data and price setup suggest, Nifty has to hold above 24,100,
[00:01:46] for an up move towards 24,400 and 24,600, while support can be seen at 23,900 marks.
[00:01:55] Bank Nifty has to hold above 51,500 for a bounce towards 52,250, while on the downside, support can be seen at 51,000 levels.
[00:02:05] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Aisha Motor, Bachaj Finance, Bachaj FinServe, Maruti, Ashok Leland, Jubilant Food, PB FinTech, United Spirits and HCL Tech.
[00:02:22] While some weakness could be seen in Petronet, Union Bank, Tata Chemical and Jindal Steel.
[00:02:28] Wish you a super trading day ahead.
[00:02:31] Shivangi Sardar signing off.
[00:02:33] Follow this podcast for solid advice.