The Indian stock market faced strong selling pressure today, with Nifty plunging over 600 points in a bearish move. The Bank Nifty remains under pressure as well, signaling continued weakness. Meanwhile, FIIs were net sellers while DIIs stepped in as buyers.
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[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] The market is expected to open flat due to mixed signals from the Asian markets and the US markets which is closed for the presidential holiday. Concerns over US President Donald Trump's reciprocal tariff policy and the FII selling may weigh on the market sentiment. However, there is hope that the recent visit of the Indian Prime Minister to the US could ease tariff tensions.
[00:00:50] Speculations suggest that Trump's new tariffs may be a negotiating tactic with reciprocal tariffs being applied to individual countries, potentially benefiting favoured nations like India. To start with our first segment for Monday, 17 February 2025, Nifty Index opened on a positive note and remained sideways in the first hour of the session.
[00:01:12] However, it was followed by strong selling pressure by pairs and pushed the index down by over 300 points from its intraday high, taking it below 22,800 marks. Sustained selling pressure was seen as every small bounce was being sold. In the last hour, some recovery was seen from the lower levels but the overall trend remains weak with a sell on rice sentiment. Now bears had dominated the entire week dragging the index down by more than 600 points.
[00:01:39] It formed a big bearish candle on the daily frame as well as on the weekly timeframe which indicates selling pressure may continue. India Wix was up marginally by 0.4% to 15 levels. Nifty put-call ratio decreased to 0.77.
[00:01:56] Option data suggests a broader trading range in between 22,500 to 23,500, while immediate range could be in between 22,700 to 23,100 levels. Moving on to the second segment, in the equity cash market, FIIs were net sellers to the tune of 4,295 crores, while DIIs were buyers worth 4,364 crores.
[00:02:23] FIIs index long-shot ratio remains at 15.7%. Going ahead with the index actionable, debatives data and price setup suggest, till the time Nifty holds below 23,000, weakness could be seen towards 22,777, then 22,600 marks, while hurdles are placed at 23,200.
[00:02:46] Till the time back Nifty holds below 49,250, weakness could be seen towards 48,500, while hurdles can be seen at 49,500 levels. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in SPI like Cart, Bachaj FinServ, Bachaj Finance, SPI Live, Chola Mandala Finance, Bharti Airtel and Tata Consumer.
[00:03:12] While some weakness could be seen in BBL, BEL, PI Industries, Voltas, Metropolis, Deepak Nitrite, CoForge and Emphasis. Wish you a super trading day ahead! Shivangi Sardar signing off. Follow this podcast with solid advice.
[00:03:42] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.