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.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk. We will be covering technical and derivatives, FII's activity, index actionable, sectors and stocks to watch out. So stay tuned till the end.
[00:00:15] Hey this is your host Shivalgi Sardar and to start with our first segment for Friday 14th June 2024, Nifty Index opened positive and went on to touch a fresh all-time high of 23,481 levels. However it lacked momentum and remained in a range of 120 points throughout the session.
[00:00:45] It formed a small body bearish candle on the daily frame but good part is that it closed with gains of around 70 points. India Vix was down by 6.3% to 13.5 levels. Volatility has cooled off from the last six sessions and converting the builds at the higher source.
[00:01:05] Nifty put call ratio increased to 1.2. Now this fall in India Vix along with the rising put call ratio indicates strong support base buying. Option data suggests a broader trading range in between 22,900 to 23,700. While a major trade is in between 23,200 to 23,500.
[00:01:28] Moving on to the second segment in the equity cash market, FII's were net sellers to the tune of 3,033 crores while the IIS was sellers worth 554 crores. FII's index long short ratio increased to 46%. Going ahead with the index actionable, derivatives data and price setup suggests
[00:01:52] Nifty has to hold above 23,350 for an upside move towards 23,550 then 23,700 whereas supports are placed at 23,300 then 23,200 zones. Bank Nifty has to continue to hold above 49,500 for an up move towards 50,250 then 50,500 whereas on the flip side support is placed at 49,500 then 49,250.
[00:02:22] And finally talking about the sectors and stocks to watch out, positive stats were seen in intra and constructs related stocks, reality, fertilizer, IT and banking names while some profit taking in FMCG and media counters.
[00:02:40] Now stocks to keep on radar are HAN and BEL from the defense space, Cochin Shipyard and Maazgau dock from the shipping space which has shown massive rally,
[00:02:51] Dixon from the mid-cap IT names, L&T from the infrastructure, Coatridge property from the reality space and finally Eminem from the auto name. Wish you a super trading day ahead and a lovely weekend.
[00:03:06] For more such detailed analysis, don't forget to follow this podcast. This is Shabanki Sarda signing off.