Global market trends, stock recommendations, and Nifty insights—this episode covers it all. Tune in for the latest market outlook and actionable advice.
In today’s episode, we dive into the key global market updates impacting the Indian stock market.
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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 Saadha and let's look at what happened globally.
[00:00:26] Market is expected to open on a positive note due to several factors. Global IT giant reported impressive quarterly results and strong earnings guidance, which is a boosting sentiment. Additionally, the US dollar index fell to a two-month low below $106 and oil prices have dropped to a three-month low below $73 per barrel, fueled by hopes of peace talks between the US and Russia regarding the Ukraine conflict.
[00:00:53] To start with our first segment for Thursday, 27th Feb 2025, Nifty index opened on a negative note and remained within the range of its first-hour candle, clearly indicating lack of momentum on either sides. Throughout the day, the index traded in a very narrow range of around 60-70 points, showing indecisiveness in the market. However, in the last hour, selling pressure intensified and it dragged the index lower.
[00:01:20] On the daily frame, it formed a small-bodied candle with long upper shadow, indicating selling pressure is intact at the higher levels. India Wix was down by around 5% to 13.7 levels. Nifty put-call ratio slightly increased to 0.77 due to the OI activity. Option data suggests a broader trading range in between 22,000 to 23,000, while immediate range is in between 22,400 to 22,800.
[00:01:50] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3,529 crores, while DIIs were buyers worth 3,031 crores. FIIs index long-shot ratio increased to 17%. Going ahead with the index actionable, derivatives data and price set-up suggest,
[00:02:12] till Nifty holds below 22,800, weakness could be seen towards 22,250, while hurdles can be seen at 22,800. Till the time bank Nifty holds below 48,750, some weakness could be seen towards 48,000, while hurdle can be seen at 49,000.
[00:02:32] And finally, talking about the sectors and stocks to watch out, positive set-up can be seen in Bharti, Airtel, Vachaj Finance, Ashok Leland, Bata India, Manapuram Finance and Chambal Fertilizer. While some weakness could be seen in Nalko, Dr. Reddy, LTTS, Oil India, HCL Tech and Paytm. Wish you a super day ahead. Shivangi Sardar signing off. Follow this podcast for solid advice.
[00:03:12] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.