In today’s Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda breaks down a rangebound session where the Nifty failed to hold above 24,850 despite positive FII flows—signaling indecision among traders.
The index opened flat, spiked briefly in early trade, but selling pressure pushed it back below the opening level. A doji + spinning top formation on the daily chart reflects a tug of war between bulls and bears, with no clear winner.
Follow this podcast for daily market updates and solid trading advice.
[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.
[00:00:38] Bulls were charged for a brief upward momentum but lack of follow-up buying and selling pressure drowned it lower. However, it remained in the range of the opening hour but closed below its opening levels with marginal losses. It formed a doji and a spinning top sort of a candle on the daily frame with longer upper shadow, indicating a tongue of war between the bulls and bears, both of which are failing to establish control.
[00:01:01] India Wix was down marginally to 14.26 levels, Nifty Put-Call Ratio significantly increased to 1.03. Option data suggests a broader trading range in between 24,300 to 25,300, while immediate range is in between 24,600 to 25,000 mons.
[00:01:22] Moving on to the second segment in the equity cash market, FII's were net buyers to the tune of 1,800 crores, while DII's were buyers were 366 crores. FII's index long-shot ratio increased to 22.5%.
[00:01:39] Going ahead with the index actionable, debatives data and price setup suggest, if Nifty manages to hold above 24,700, an up move could be seen towards 24,950 and 25,100 mark, while a hole below the same could see weakness towards 24,500 zone.
[00:02:00] Bank Nifty has to hold above 55,555 for a bounce towards 56,000, while support can be seen at 55,000 zones. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Aisha Motor, Wipro, Apollo Hospitals, Coated Bank, Hero Motor Corp and Maruti. While some weakness could be seen in Hint Copper, Granules, Buja Cements and Sinji. Wish you a super day ahead.
[00:02:29] Shivangi Saadha signing off. Follow this podcast with solid advice.