In today's episode, we dive into the latest market trends, including a positive market opening fueled by strong quarterly results and optimism around the upcoming Union Budget. The RBI's open market operation and liquidity boost have further set the stage for growth. With Nifty crossing the 23,150 mark and bullish indicators, what can we expect in the coming sessions?
Watch out for stocks with positive setups and actionable insights.
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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. Hey, this is your host Shivanki Sarada and let's look at what happened globally.
[00:00:25] The market is expected to open on a flat-to-positive note driven by strong quarterly results, optimism surrounding around the upcoming union budget and the RBI's move to conduct an open market operations worth Rs.60,000 crore to enhance liquidity in the banking system.
[00:00:43] To start with our first segment for Thursday, 30th January 2025, Nifty Index opened positive above 23,000 and witnessed buying throughout the day and the base shifted higher till the last hour. It went on to comfortably trade above 23,150 and closed with gains of around 200 points. It formed a bullish candle on the daily frame and has started forming higher highs, higher lows from the last two trading sessions.
[00:01:10] India Wix was marginally up to 18.2 levels. Nifty put call ratio increased to 1.06. Option data suggests a broader trading range in between 22,700 to 23,700, while immediate trade is in between 22,900 to 23,400 levels. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 2,586 crores,
[00:01:40] while DIIs were buyers worth Rs.1793 crores. FIIs index long-shot ratio increased to 25%. Going ahead with the index actionable, derivatives, zeta and price setups to test, Nifty has to hold above 23,150 for strength towards 23,350 and 23,500, while support can be seen at 22,800.
[00:02:14] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Indian Bank, Persistent, Pachaj Finance, Pandapuram, LDTS, Pachaj FinServe and Emphasis. While some weakness could be seen in Burja Pains, Abuja Cement, Ashrid Pains, Gotrich CP, Darbar, Indiabat and Dixon. Wish you a super trading day ahead. Shivag Gisadda signing off. Follow this podcast for solid advice.