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.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev.
[00:00:05] We will be covering technical and derivatives SIS activity, index, actionable sectors and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey this is your host Shivangi Sardar and let's start with some of the global market queues.
[00:00:28] The market is expected to open positively due to a rally in the global markets as traders shunned off a rebound on Wall Street
[00:00:36] ahead of the US inflation data due to model.
[00:00:39] To start with our first segment for Tuesday 10th of September 2024,
[00:00:44] Nifty Index opened a flat-dish and even though it broke its previous days low, it took support at 24750 levels.
[00:00:52] It recovered right from the start of the day and formed a bullish candle of the daily fray with short coverage and support pay sparring.
[00:00:59] 80% of its was down by 6.5% to 14.2 levels.
[00:01:04] Nifty Put-Call Ratio improved to 0.96.
[00:01:08] Wallet Liddy cooled off and paved way for buying at the lower levels.
[00:01:12] Option data suggests a broader trading range in between 24500 to 25400 while Admitia Trage is in between 24800 to 25300.
[00:01:25] Moving on to the second segment in the equity cash market, FIIIs were buyers worth 1177 crores while DIIs were buyers worth 1757 crores.
[00:01:38] FIIIs indexed long-shot ratio remained stable at 64%.
[00:01:42] Going ahead with the index actual, derivative data and price setup suggests, Nifty has to cross and hold above 25000 for a bounce towards 25150 then 25250.
[00:01:56] While supports can be seen at 24750 levels.
[00:02:00] Back Nifty has to continue to hold above 50850 for a bounce towards 51500 and 51750 while downside support can be seen at 50850 then 50500.
[00:02:16] And finally talking about the sector's in stocks to watch out.
[00:02:21] Positive setup can be seen in stocks like FMCG which includes Darbar, Hindustan Unilever, Britannia and Mariko.
[00:02:28] From the pharma space we have Loris Lab, Davies Lab and Gledmar still holding on to the higher soles.
[00:02:35] JK's invention of the cement pack is also looking quite lucrative.
[00:02:38] From the consumption space adding to this is England Hotel, Vortas and Berger Pavel.
[00:02:44] While some weakness could be seen in B-soft, Petrolet, O&GC, Arthi Industries, X-Rite and Tata Steel.
[00:02:52] Wish you a super trading day ahead with some volatile cues.
[00:02:55] Shivangi Sardar, Signing off. Follow this podcast with solid advice.