Join Shivangi Sarda as she unpacks the day’s critical market movements, including the fallout from the Federal Reserve’s hawkish stance and its impact on global and domestic indices.
📉 Key Highlights:
- Nifty Update: Closed with a 140-point loss at 24,150 after forming a bearish candle for the third session in a row.
- India VIX: Marginal dip to 14.4 levels.
- FII/DII Activity: FIIs sold ₹1,316 crores; DIIs bought ₹4,085 crores.
- Trading Ranges: Nifty at 24,000–24,500; Bank Nifty at 51,750–52,750 zones.
- Stocks to Watch: Positive setups in Supreme Industries, United Spirits, Wipro, and Dr. Reddy. Weakness observed in Tata Motors, Adani Green, and Asian Paints.
🔑 Actionable Market Insights:
- Derivatives suggest bearish pressure below 24,350 zones, with support at 24,000 and 23,850.
- Stay tuned for pivotal updates on trading strategies, including sector-specific opportunities.
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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 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.
[00:00:21] Hey, this is your host Shivangi Sartha and let's look at what happened globally.
[00:00:26] The market is likely to open on a weak note due to a sharp decline in global markets following hawkish comments from the US Fed Reserve.
[00:00:33] The Fed's signal of fewer rate cuts than expected for 2025 contributed to this drop.
[00:00:39] To start with our first segment for Thursday 19th December 2024, Nifty Index opened negative and continued to slip lower from the previous day's repercussions and slipped below to 24,115 marks.
[00:00:53] It moved in swings within a range with overall weakness prevailing and close with losses of around 150 points.
[00:00:59] It formed a bearish candle on the DD frame and has been making lower lows from the last three trading sessions.
[00:01:06] India Wix was down by around 1% to 14.4 levels.
[00:01:11] Nifty put-call ratio has decreased to 0.55.
[00:01:15] Option data suggests a broader trading range in between 23,800 to 24,800, while immediate range is in between 24,000 to 24,500.
[00:01:28] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 1,316 crores, while DIIs were buyers worth 4,085 crores.
[00:01:40] FII's index long-shot ratio decreased to 35%.
[00:01:45] Going ahead with the index actionable, derivatives data and price setup suggest, till the time Nifty holds below 24,350, weakness could be seen towards 24,000 and 23,850, while hurdle can be seen at 24,500.
[00:02:01] Till the time Bank Nifty holds below 52,500, some weakness could be seen towards 51,500, while upside hurdle can be seen at 52,750 levels.
[00:02:13] While this is the broader range, the levels might shift lower due to the gap down opening.
[00:02:18] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in United Spirits, Dr. Reddy, Coromundal, Prestige, Granules, Apollo Hospital and HCL Tech.
[00:02:31] While some weakness could be seen in Adani Green, Ashok Leiland, Adani Enterprise and Asian Pays.
[00:02:38] Wish you a super trading day ahead.
[00:02:40] Shivam Ki Sardar signing off.
[00:02:41] Follow this podcast for solid advice.
[00:02:57] Investments and securities market are subject to market risk.
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