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 Test.
[00:00:15] Hey, this is your host Shivangi Sardar and let's look at what happened globally.
[00:00:19] Rally across global markets following encouraging US GDP data, a declining unemployment rate
[00:00:25] and a prospect of additional stimulus from China to energize its economy
[00:00:30] along with record high global markets across and in our markets strong FIIs in close
[00:00:35] are going to add fuel to the up-move in the market.
[00:00:39] To start with our first segment for Friday 27th September 2024,
[00:00:43] Nifty Index opened above 26,000 zones and continued the positive momentum in the first hour of the session.
[00:00:50] It was followed by consolidation midday and the last hour saw a strong action from the Bulls
[00:00:56] where the index touched a fresh all-time high of 26,250.
[00:01:00] It closed with gains of around 200 points and gave the highest ever closing.
[00:01:04] It formed a bullish candle of the daily frame after a range breakout of the last three sessions
[00:01:09] with higher highest formation of the last six sessions.
[00:01:12] Itaewook swiss down by 6% to 12%.
[00:01:15] Nifty put core ratio increased to 1.37, all these factors are just adding comfort to the Bulls.
[00:01:21] Option data suggests a broad out trading range in between 25,800 to 26,600
[00:01:28] while a major trade range is in between 26,000 to 26,400.
[00:01:33] Moving on to the second segment in the equity cash market,
[00:01:37] FIIIs were then buyers to the tune of 630 crores while DII's were buyers worth 2,505 crores.
[00:01:45] FIIIs indexed long-shot ratio increased to 80%.
[00:01:49] Going ahead with the index actionable, derivatives data and price setup suggests
[00:01:54] Nifty has to hold above 26,150 for an up-move towards 26,350 then 26,500 levels
[00:02:02] whereas supports are placed at 26,100 then 26,000 levels.
[00:02:08] Bank Nifty has to hold above 54,000 for the next up-move towards 55,000 levels
[00:02:14] while support can be seen at 54,000 zones.
[00:02:17] And finally talking about the sector and stocks to watch out,
[00:02:21] positive stands were seen in most of the sectors across board.
[00:02:26] Now positive setup can be seen in stocks like DLF and Oberoiage Reality from the reality space.
[00:02:31] From the power we have Tata Power.
[00:02:34] From the Ojo & Ojo Atslidi pack, we have a few names which includes
[00:02:37] Monothi, Mother Sun, Apollo Tire, Eminem and Pachaj Auto.
[00:02:42] From the metal pack which has been in action from the last one week is
[00:02:46] Vedanta, Dalco, NMDC, Tata Steel and Hindalco.
[00:02:49] Last but not the least, from the NPFC space we have
[00:02:52] Adrenalinins, Pachaj Finsurf and Pachaj Filams.
[00:02:56] While some weakness could be seen in Crompton, Wolches and Bharat Vorge.
[00:03:01] Wish you a super trading day and a lovely weekend ahead.
[00:03:04] Shivangi Sardar signing off.
[00:03:06] Follow this podcast for solid advice.
[00:03:22] Investment and securities market are subject to market risk.
[00:03:25] Read all the related documents carefully before investing.