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 the Motilal Oswal Research Den.
[00:00:14] Hey, this is your host Shivandi Sarda and to start with our first segment for Friday, 11th October 2024, Nifty Index opened positive but failed to sustain after its opening hour and got stuck in the second half of the session.
[00:00:28] It moved in a narrow range of around 150 points throughout the day and struggled to close near 25k marks.
[00:00:34] Now, it did form a small-bodied bearish candle and an inside bar on the daily frame.
[00:00:40] The good part is, however, is that it is making higher lows from the last three sessions but again pressure is intact at any small bounce.
[00:00:49] India Mix was down by 4.4% to 13.5 levels. Nifty put call ratio increased to 0.93.
[00:00:57] Option data suggests a broader trading range in between 24,600 to 25,500 while immediate range is in between 24,800 to 25,300.
[00:01:11] Moving on to the second segment in the equity cash market,
[00:01:14] FRIs were net sellers to the tier of 4,927 crores while DIIs were buyers worth 3,878 crores.
[00:01:24] FRIs indexed long-shot ratio decreased to 35.5%.
[00:01:29] Going ahead with the index actionable, debitous data and price setup suggest
[00:01:34] the price of the stock market.
[00:01:34] Till Nifty holds below 25,150, some more weakness could be seen towards 24,850 marks
[00:01:41] while hurdles are placed at 25,350 levels.
[00:01:45] Till the time banked Nifty holds below 51,750,
[00:01:50] weakness could be seen towards 50,750.
[00:01:53] While on the upside hurdle can be seen at 52,000 where call riders are intact.
[00:01:59] And finally talking about the sectors in stocks to watch out, recovery and positive stance were seen in some of the reality,
[00:02:06] general industry and a whole lot of mixed back in the entire market.
[00:02:10] Now stocks to keep on radar from the auto space we have M&M, Maruti, TVS Motor and Mother Sun.
[00:02:17] From the consumption name we have Indian Hotel which is quite positive.
[00:02:21] And from the banking space, Axels Bank and Kotak Bank takes the lead.
[00:02:25] While weakness can be seen in Ambuja Sermint, Orofarma, Kolpal, Enfasis,
[00:02:31] Shri Sermint, J.K. Sermint, Pedelight, Goldthread CP and ACC.
[00:02:35] Wish you a super trading day ahead.
[00:02:38] Shivangi Sarada signing off.
[00:02:40] Follow this podcast for solid advice.
[00:02:56] Investment and securities market are subject to market risk.
[00:02:59] Read all the related documents carefully before investing.