In today’s episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda breaks down the latest market developments. As global equity markets face a downturn due to anticipated tariff announcements from the U.S., Indian investor sentiment remains cautiously optimistic with support from attractive valuations, a weakening USD/INR, and potential RBI rate cuts.
We dive into the Nifty's performance, highlighting the resistance faced near 23,900 levels and the bearish pattern forming on the charts. Plus, insights on India VIX trends, FII and DII trading activity, and key support and resistance levels for both Nifty and Bank Nifty.
In the stock spotlight, we discuss positive setups in BSE, IGL, Tata Consumer, Muthoot Finance, and more, while also pointing out potential weaknesses in stocks like SonaComs, IndusInd Bank, and Cipla.
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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. Hey, this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:26] Decline in global US markets over the last two days have been witnessed as traders are anticipating US President Donald Trump's upcoming tariff announcement, which has raised concerns about a potential trade war as the global economy shows signs of slowing.
[00:00:43] However, long-term investment sentiment in India is being supported by attractive valuations, weakening USD INR and expectations of an interest rate cut by the RBI in the upcoming credit policy. To start with our first segment for Tuesday, 1st April 2025, Nifty Index opened positive near 23,600 but witnessed some rub-off from those levels in the second half.
[00:01:08] It recovered a tad bit recovery but was overall in pressure and closed with losses of around 70 points. It formed a small-bodied bearish candle on the daily frame and a doji sort of a candle on the weekly basis. It has started to form higher highs, higher lows from the last three weeks but some cool-off and resistance is faced near 23,900 levels. India mix was down by around 4.4% to 12.7 levels.
[00:01:36] Nifty put call ratio decreased to 0.92. Option data suggests a broader trading range in between 23,000 to 24,000, while immediate range is in between 23,300 to 23,700. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 4,353 crores, while DIIs were buyers worth 7,646 crores.
[00:02:05] FII's indexed long-shot ratio decreased to 35%. Going ahead with the index actionable, derivative, Zeta and price setup suggest if Nifty manages to hold above 23,500, then bounce could be seen towards 23,900, while support can be seen at 23,200.
[00:02:28] Bank Nifty has to hold above 51,250 for the next up move towards 52,000, while on the downside, support can be seen at 51,000 levels. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in PSC, Tata Consumer, Mutut Finance, Purawalla Fincall, MCX, Kontak Bank, Apollo Hospital and IR CDC.
[00:02:54] While some weakness could be seen in Wipro, Ashok Nailan, KPIT Tech, Eminem and HFCL. Wish you a super day ahead! Shivangi Sarada signing off. Follow this podcast for solid advice. Investment and securities market are subject to market risk.
[00:03:23] Read all the related documents carefully before investing.