January 21, 2025 brings a positive market outlook, boosted by key global factors. In this episode, Shivangi Sarda breaks down the latest market trends and actionable insights for traders. Expect a detailed look at Nifty, Bank Nifty, and sectoral movements, plus key stock recommendations to watch for the day.
Global Factors Impacting the Market*: The US Dollar Index drops, oil prices dip below $80, and China’s tariff hike delay fuels market optimism. This results in positive sentiment, setting the stage for a strong market opening.
Nifty and Bank Nifty Analysis*: The Nifty index saw gains on January 21, with a strong bullish signal forming, suggesting support-driven buying. The Bank Nifty is showing strength, and the actionable levels for both indices are provided.
FII and DII Activity*: Foreign Institutional Investors (FII) were net sellers, while Domestic Institutional Investors (DII) were net buyers, suggesting mixed sentiments in the market but solid buying interest from domestic funds.
Stock Picks to Watch: This episode features key stocks to keep an eye on, including **Wipro, **Kotak Bank, **Bajaj Finance, **Biocon, and **SBI Card* for potential upward movement. On the flip side, stocks like *TCS, **M&M, and **Voltas* show signs of weakness.
Actionable Market Insights*: Learn about critical support and resistance levels for Nifty and Bank Nifty, and discover which sectors are ripe for investment.
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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 Shivangi Sarada and let's look at what happened globally.
[00:00:25] The market is expected to open on a positive note due to several factors including the US dollar index dropping to nearly one month low of 108 on expectations of a delay in China tariff hikes. Along with this, we have falling oil prices below $80 per barrel and strong quarterly results from Dixon, Ogre Realty, Small Cap PSU banks and Wipro which may boost the market sentiment.
[00:00:50] To start with our first segment for Tuesday 21st Jan 2025, Nifty Index opened positive and after the slight slip in the initial hour, it witnessed buying interest throughout the day. It failed to cross 23,400 but managed to close in gains of around 140 points. It formed a bullish candle on the daily frame with longer lower shadow indicating support-based buying can be seen. Interwix was up by another 4.5% to 16.4 levels.
[00:01:20] Nifty put-call ratio increased to 1.03. Option data suggests a broader trading range in between 22,900 to 23,800 levels, while a meet-set range is in between 23,200 to 23,500. Moving on to the second segment, in the equity-cash market, FIIs were net sellers to the tune of 4,337 crores, while DIIs were buyers worth 4,322 crores.
[00:01:49] FIIs indexed long-shot ratio marginally increased to 17%. Going ahead with the index actionable, debit-to-zeta and price setup suggest Nifty has to hold above 23,333 for an up move towards 23,700 levels, while supports are placed at the price of the price. Hours are now at 23,050. 05. BNPT has to hold above 76,800 for strength towards 77,600 mark, while support can be seen at 76,600.
[00:02:18] And finally, talking about the sectors in stocks to watch out, positive setup can be seen in Kotick Bank, Wipro, Pachaj Finance, Pachaj Finsev, Biocon and Lourdes Labs, while weakness could be seen in Poltas, India Mart, Chola Mandalam, Adani Green, TCS and M&M. Wish you a super trading day ahead. Shivangi Sadha signing off. Follow this podcast for solid advice.
[00:02:56] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.