ЁЯУЙ Nifty Crashes Below 23,000! WhatтАЩs Next for the Markets?
The Indian stock market opened flat but faced heavy selling pressure, dragging Nifty down by over 300 points. With investors awaiting key inflation data and global uncertainties, what should traders expect next?
ЁЯФ╣ Market Insights:
- Nifty & Bank Nifty Analysis тАУ Key support and resistance levels.
- FII & DII Activity тАУ WhoтАЩs buying, whoтАЩs selling?
- Sector & Stock Watchlist тАУ Grasim, Bharti Airtel bullish; Zomato, Apollo Hospitals weak.
- Derivatives Data & Trading Ranges тАУ Where is the market headed?
ЁЯУК Actionable Trading Strategy:
- Nifty must hold above 23,200 to recover; further weakness expected if it stays below.
- Bank Nifty facing resistance at 49,750, with downside risk to 48,750.
ЁЯУв Follow for daily market insights, stock picks & expert analysis!
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Desk. 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 Sardha and let's look at what happened globally.
[00:00:26] The market is expected to open on a flat note as investors await both the US and domestic inflation data, which will be released later. Additionally, Indian Prime Minister is set to meet with the US President to discuss the ongoing trade tariff issue between India and the US.
[00:00:43] To start with our first segment for Wednesday, 12 February 2025, Nifty Index opened on a flat-ish note but witnessed selling pressure from the first tick itself, followed by some consolidation till midday. After which in the later part of the session, selling was intensified, pushing Nifty below 23,000 Soles. Bears dominated the entire session as the index closed with losses of over 300 points.
[00:01:09] It formed a bearish belt-hole kind of a candle on the daily frame and is forming lower highs, lower lows from the last five trading sessions. India Wix was up by around 3% to 14.9 levels. Nifty put-call ratio decreased to 0.69. Option data suggests a broader trading range in between 22,500 to 23,500, while immediate trade is in between 22,900 to 23,300.
[00:01:39] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 4,486 crores, while DIIs were buyers worth 4,002 crores. FIIs' index long-shot ratio decreased to 14.25%.
[00:01:58] Going ahead with the index actionable, derivatives data and price set up suggest, till the time Nifty holds below 23,200, weakness could be seen towards 22,800, while hurdles are placed at 23,333 months. Bank Nifty needs to hold below 49,750 for some weakness towards 48,750, while hurdles can be seen at 50,000 zones.
[00:02:26] And finally, talking about the sectors and stocks to watch out, positive set up can be seen in Krasim, which is witnessing short covering, Baarti Airtel, which has witnessed long build-up from the last few sessions, and Adani Enterprises. While most of the sectors and stocks are in the weakness zones. Wish you a super trading day ahead. Shivangi Sarda signing off. Follow this podcast for solid advice.