ЁЯУЙ Tuesday, 7th January 2025: Market Recap & Insights ЁЯУИ
In today's episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda unpacks global and domestic market moves:
ЁЯМН Global Highlights:
- Strong rally in semiconductor stocks following Foxconn's record revenues.
- Optimism builds around potential easing of US tariff hikes.
ЁЯУК Market Overview:
- Nifty fell 420 points to close at 23,550, forming a bearish candle.
- India VIX surged 15.6%, signaling increased volatility.
- FIIs sold тВ╣2,575 crores, while DIIs bought тВ╣5,750 crores.
ЁЯФС Key Insights for Traders:
- Nifty Trading Range: 23,200тАУ24,200 (immediate support at 23,400; resistance at 23,800).
- Bank Nifty Outlook: Weakness below 50,250; support at 49,250.
ЁЯУМ Top Stock Picks:
- Bullish: Godrej Consumer Products, Apollo Hospital, SBI Cards, Titan, HCL Tech
- Bearish: Adani Green, Hind Copper, MCX, JSW Energy
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal's 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.
[00:00:21] Hey, this is your host Shivangi Sarda and let's look at what happened globally. Strong gains were seen in semiconductor companies after Foxconn reported record quarterly revenue. Additionally, there is optimism surrounding the potential softening of the US stance on tariff hikes,
[00:00:37] under a new precedent. To start with our first segment for Tuesday, 7th January 2025, Nifty Index opened flattish and cascaded right from the start of the session and gave up the gains of the last three trading sessions.
[00:00:52] Bears had complete control and dropped to 23,550 levels, almost by 400 points. It formed a big bearish candle on the daily frame and close with losses.
[00:01:02] India WIX jumped by 15.5% to 15.7 levels. Nifty put-call ratio settled and decreased to 0.72. Option data suggests a broader trading change in between 23,200 to 24,200, while immediate range is in between 23,400 to 23,900.
[00:01:24] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 2,575 crores, while DIIs were buyers worth 5,750 crores.
[00:01:38] FIIs indexed long-shot ratio slightly increased to 18%. Going ahead with the index actionable, derivatives data and price setup suggest nifty till the time it holds below 23,800.
[00:01:52] Weakness could be seen towards 23,550, then 23,450, while hurdles are placed at 23,800 and 24,000 levels.
[00:02:03] Till the time bank nifty holds below 50,250, weakness could be seen towards 49,250, while hurdles can be seen at 50,500.
[00:02:13] And finally, talking about the sectors in stocks to watch out, advice is to remain a little light on the market, but stock-specific action could be seen.
[00:02:23] Positive setup can be seen in Kodrich Consumer, Dr. Lal Pat Lab, Apollo Hospital, Tata Consumer, Jubilant Foodwork, SPI Cards, Titan and HCL Tech.
[00:02:34] While some weakness could be seen in Hint Copper, SGVN, MCX, IRFC and JSW Energy.
[00:02:42] Wish you a super trading day ahead.
[00:02:44] Shivangi Sardar signing off.
[00:02:45] Follow this podcast for solid advice.