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. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end.
[00:00:15] Hey, this is your host Shivangi Sarda and to start with our first segment for Tuesday, 19th November 2024, Nifty Index opened positive but failed to hold its opening gains and cascaded in the initial tick itself to touch an intraday low of 23,350 marks. It showed some recovery thereafter but moved in swings on either sides.
[00:00:44] It formed a bearish candle on the daily frame and has been making lower lows from the last seven trading sessions.
[00:00:51] Now, India Wix was up by another 2.5% to 15.2 levels. Nifty put-call ratio slightly decreased to 0.85. Option data suggest a broader trading range in between 23,000 to 24,900, while immediate range is in between 23,300 to 23,700 marks.
[00:01:12] Moving on to the second segment, in the equity cash market, FIIs were net sellers to the tune of 1,403 crores, while DIIs were buyers worth 2,331 crores. FIIs indexed long-shot ratio increased to 23.5%.
[00:01:32] Going ahead with the index actionable, debit of Zeta and price set-up suggest, till the time Nifty holds below 23,500, weakness could be seen towards 23,350, then 23,200, while hurdles can be seen at 23,750.
[00:01:49] Talking about bank Nifty till the time it holds below 50,500, some weakness could be seen towards 50,000, then 49,650 marks. While on the upside, hurdle can be seen at 51,000 zones.
[00:02:04] And finally, talking about the sectors and stocks to watch out, positive stance can be seen in Nalko, Ibka Labs, United Spirits, NMDC, SBI, Federal Bank, Canfin Homes and Tata Chemical.
[00:02:18] While some weakness could be seen in IGL, MGL, Gujarat Gas, Biocon, TCS, Dr. Reddy, Berger Pains, Sipla, SRF, Pirla Soft, India Mart, Siemens, Escorts and Axis Bank.
[00:02:33] Wish you a super trading day ahead.
[00:02:35] Shivangi Sadha signing off.
[00:02:37] Follow this podcast for solid advice.
[00:02:53] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.