Catch the latest insights from the global markets and what’s shaping the Indian stock market today. In this episode, Shivangi Sarda breaks down the Nifty’s positive start to the day and how global rallies, corporate earnings, and expectations from the Union Budget are impacting market sentiment.
Nifty’s critical support and resistance zones for an upward trend.
Key levels for Bank Nifty and stocks that traders should keep an eye on today.
Don’t miss out on solid trading strategies and key market movements. Follow for daily updates and actionable market advice.
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. 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 rally in the global markets, strong domestic corporate earnings and hopes that the upcoming union budget will support economic growth, boosting the market sentiment. To start with our first segment for Friday, 31st, Shadwari, 2025, Nifty Index opened flattish and witnessed good buying interest in the first hour, which was followed by some consolidation.
[00:00:51] It gave up some gains in the second half but quickly recovered in the last hour of the day. It managed to cross 23,300 marks and closed with gains of around 100 points. It formed a bullish candle on the daily frame and has started forming higher highs, higher lows from the last three trading sessions. India Wix was down by another 6.5% to 17.4 levels. Nifty put call ratio decreased to 0.97.
[00:01:17] Option data suggests a broader trading range in between 22,900 to 23,700 while immediate range is in between 23,000 to 23,500. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 4583 crores while DIIs were buyers worth 2,166 crores. FIIs index long-shot ratio decreased to 11%.
[00:01:48] Going ahead with the index actionable, DevTest data and price setup suggests Nifty has to hold above 23,200 for an up move towards 23,400 and 23,500 while support can be seen at 23,050.
[00:02:14] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Loras Labs, KPIT Tech, SRF, Berger Paint, BEL, Parthi Airtel, Darbar and IRB. While some weakness could be seen in Volta, Sambuja Cements, Trent and Canfin homes. Wish you a super trading day ahead. Shivangi Sarda signing off. Follow this podcast for solid advice.
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