Markets are on edge after a tumultuous week! From a 530-point Nifty crash to global markets rallying on cooling inflation, this episode decodes the must-know insights.
Detailed Overview:
Host Shivangi Sarda explores:
- Global market rally driven by the Federal Reserve’s inflation data.
- Nifty's steep decline, breaking key levels at 23550 and closing the week bearish.
- Actionable insights: FIIs selling ₹3598 crores, DIIs offsetting with ₹1374 crores in buying.
- Derivatives data signaling market ranges and key resistance levels for Nifty and Bank Nifty.
- Stock highlights: Positive trends in IPCA Labs, Petronet LNG, Dr. Reddy, and ICICI Lombard, and notable weaknesses in Tata Motors, RBL Bank, and HAL.
Key segments cover technical insights, FII activity, index actionable, and sectors to watch, highlighting Nifty's potential highs, volatility impact, and strong stocks.
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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.
[00:00:21] Hey, this is your host Shivangi Sarada and let's look at what happened globally.
[00:00:26] The market is expected to open on a slightly positive note due to the rally in the global markets after the Fed Reserve's preferred inflation measure showed its slowest growth since May.
[00:00:37] To start with our first segment for Monday 23rd December 2024, Nifty Index opened flattish and after the swing in the initial hour, it nosedived by 530-Points and broke 23,550-Marks.
[00:00:50] It formed a big bearish candle on the daily frame and the weekly frame as well and wiped off its gains of the last three weeks.
[00:00:58] It dripped till the last tick to wipe off 1250 points in the week and has been making lower lows from the last four trading sessions.
[00:01:06] With a global market recovery, we're expecting some recovery and sign of relief.
[00:01:11] India Wix was up by another 4% to 15 levels. Nifty put-call ratio decreased to 0.80.
[00:01:18] Option data suggests a broader trading range in between 23,000-24,000 while immediate range is in between 23,400-23,800.
[00:01:30] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3598 crores while DIIs were buyers worth 1374 crores.
[00:01:43] FIIs index long-short ratio decreased to 31%.
[00:01:48] Going ahead with the index actionable, debitors' data and price setup suggest till the time Nifty holds below 23,800,
[00:01:57] some weakness could be seen towards 23,350 and 23,250, while hurdles can be seen at 24,000 zones.
[00:02:05] Till the time Bank Nifty holds below 51,000, some weakness could be seen towards 50,000 levels, while on the upside, hurdle can be seen at 51,500.
[00:02:16] And finally, talking about sectors and stocks to watch out, positive setup can be seen in selective and a very few counters like IPCA, Petronet, Divi's Lab, Dr. Reddy and ICICI Lombard,
[00:02:29] while weakness could be seen in Havels, Maruti, ABB, UPL, IDFC First and HAL.
[00:02:36] Wish you a super trading day ahead.
[00:02:39] Shivangi Sardar signing off.
[00:02:40] Follow this podcast for solid advice.