In this episode of Indian Market in Minutes with Motilal Oswal, we explore global factors influencing the Indian market, focusing on Nifty’s performance, global trade concerns, and sector-specific stock recommendations. From market support zones to key levels to watch, get the latest insights to navigate today’s volatile markets.
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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 Sarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a flat-to-positive note due to strong performances in the Asian markets and a rally in the US index futures, following news that the US President Donald Trump has delayed tariffs on Mexico and Canada for a month.
[00:00:41] This move alongside with a cooling trade wall, strong domestic manufacturing PMI data at a six-month high and the Finance Minister's announcement in the union budget, especially the zero tax up to Rs.12 lakh on the new tax regime, has likely boosted the market sentiment. To start with our first segment for Tuesday, 4th February 2025, Nifty Index opened gap-down by around 160 points but gradually shifted its base higher throughout the day.
[00:01:11] It witnessed an overall choppy session within a range. It moved and managed to close above 23-33 marks with losses of around 120 points but the good part is that it recouped most of its intraday opening losses. It formed a small-bodied candle with a longer lower wick which suggests that buying is visible at the support zones and closed at its upper band. India wicks was up by around 2% to 14.35 levels.
[00:01:41] Nifty put-call ratio remained unchanged at 0.87. Option data suggest a broader trading range in between 23,000 to 24,000 levels, while immediate range could be in between 23,200 to 23,700. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3,958 crores, while DIIs were buyers worth 2,708 crores.
[00:02:10] FIIs' index long-shot ratio decreased to a new low of 10.5%. Going ahead with the index actionable, derivatives data and price setup suggest, Nifty has to hold above 23-333 marks for an up move towards 23,650 and 23,800, while support can be seen at 23,100. Bank Nifty has to hold above 49,000 for an up move towards 50,000 levels,
[00:02:37] while support can be seen at 48,750. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in UPL, Chola Mandlam Finance, Pachaj Finance, SRF, M&M Lodha, TVS Motor, TVS Lab, Shri Cement and Bata, while some weakness could be seen in Siemens, Hutko, Mothersun, HAL, Torrent Power and CDSL. Wish you a super trading day ahead.
[00:03:06] Shivangi Sardar signing off. Follow this podcast for solid advice. Investment and securities market are subject to market risk. Read all the related documents carefully before investing.