In today's episode, of Indian Market in Minutes with Motilal Oswal we break down the latest global market rally and how it impacts Indian indices. After a sharp move following the U.S. Presidential election results and a crucial funding bill approval, Indian markets opened positively but witnessed significant volatility.
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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 Shivangi Sarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a positive note driven by a global market rally after the US indices marking one of the biggest single-day increases following the US presidential election results. Sentiment has been further buoyed by the approval of a funding bill by the US Senate just hours before a government shutdown deadline. To start with our first segment for Monday, 17 March 2025, Nifty Index opened positive but cascaded right from the start of the session
[00:00:54] and witnessed the fall of 180 points. It has been consolidating in a range of 350 points in the entire week and formed a small-bodied bearish candle on the weekly frame. It formed a bearish candle and an inside bar on the daily frame indicating that pressure is intact at the higher zone. India Wix was down by around 3% to 13.3 levels. Nifty put call ratio decreased to 1.02.
[00:01:21] Option data suggests a broader trading range in between 21,800 to 22,800, while immediate range could be in between 22,200 to 22,600. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 793 crores, while DIIs were buyers worth 1724 crores. FIIs index long-shot ratio increased to 19%.
[00:01:50] Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold above 22,330 for an up move towards 22,650 and 22,800, while supports can be seen at 22,300 and 22,22 marks. Bank Nifty has to hold above 48,000 for a bounce towards 48,500, while a hold below the same could see some weakness towards 47,500 levels.
[00:02:20] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in DMART, CAMS, Oil India, Coated Bank, Adani Green, United Spirits and IOC. While some weakness could be seen in Bharat Forge, Excite Industries, Startup Technologies and Arati Industries. Wish you a super day and a lovely week ahead. Shivangi Sarda signing off. Follow this podcast for solid advice.