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 Den.
[00:00:14] Hey, this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:19] Global markets experienced a noticeable rally last week pulled by expectation of a stimulus
[00:00:24] announcement from China, a decline in the US September CPI compared to the previous month,
[00:00:30] hopes for further interest rate cuts by the US Fed next month and strong quarterly results from the major
[00:00:37] US financial institutions. To start with our first segment from Monday 14th October 2024, Nifty Index
[00:00:45] opened slightly negative and moved with a narrow range of 100 points throughout the session.
[00:00:51] Momentum was missing on either side and the index has been holding in a lackluster manner from the
[00:00:57] last three sessions. It formed a doji sort of candle on the daily frame and a small bodied bearish candle
[00:01:03] on the weekly basis. India mix was down by 2% to 13.2 levels. Nifty put call ratio decreased to 0.84.
[00:01:13] Option data suggests a broader trading range in between 24,500 to 25,500,
[00:01:21] while immediate range is in between 24,700 to 25,200. Moving on to the second segment in the equity cash
[00:01:29] market, FIIs were net sellers to the tune of 4,163 crores, while DIIs were buyers worth 3,731 crores.
[00:01:40] FIIs index long-shot ratio increased to 36%. Going ahead with the index actionable,
[00:01:48] debitives data and price setup suggest, till Nifty holds below 25,150, some weakness could be seen
[00:01:55] towards 24,750 marks, while hurdles are placed at 25,350 levels. Till the time Bank Nifty holds below
[00:02:04] 51,500, some weakness could be seen towards 50,500, while resistance can be seen at 51,750.
[00:02:13] And finally talking about the sectors and stocks to watch out, positive stance were seen in metals,
[00:02:19] pharma, IT, auto and consumption names. Stocks to keep on radar, positive setup can be seen in some of the
[00:02:27] IT names including Dixon, HCL Tech, Persistent and Infosys ahead of the results. From the pharma,
[00:02:35] we have Ivka Lab and Glenmark looking quite strong. From the auto and auto-acetypeak,
[00:02:41] Mothersand and Excite industry is holding on to the higher zones. From the metal, we have Hindalco looking
[00:02:48] quite positive. While some weakness could be seen in Cubans, Cibla, ICICN Bank, TCS,
[00:02:55] Manapuram, AU Bank, Power Grid and Asim Pay. Wish you a super trading day ahead.
[00:03:01] Shivangi Sardar signing off. Follow this podcast for solid advice.
[00:03:20] Investment and securities market are subject to market risk. Read all the related documents
[00:03:25] carefully before investing.