How is Nifty poised after a flat start to the new year? Get expert insights on global market trends, stock picks, and actionable trading strategies for January 2, 2025.
Dive into today’s market highlights with Shivangi Sarda from the Motilal Oswal Research Desk. Here's what you'll learn:
- Nifty Trends: Key levels to watch after a 260-point pullback and a bullish daily close.
- Index Insight: Broader ranges and immediate supports/resistances for Nifty and Bank Nifty.
- FIIs vs DIIs: Net sellers and buyers’ key moves in the cash market.
- Sector Outlook: Stocks showing strength like Kotak Bank & Voltas, and weak performers like Tata Elxsi & Bajaj Auto.
Make informed trading decisions with these insights. Follow us for daily market updates and actionable tips!
Disclaimer: Investment in securities markets is subject to market risks. Please read all related documents carefully before investing.
[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.
[00:00:22] 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 flat note following the recovery in the global markets.
[00:00:32] US futures have posted modest gains and several Asian markets have opened slightly higher.
[00:00:37] To start with our first segment for Thursday, 2nd January 2025, Nifty index opened flattish and after the initial drop to 23,550 levels, it witnessed a pullback move of more than 260 points.
[00:00:51] The index has been consolidating within a band from the last seven trading sessions
[00:00:56] and formed a bullish candle on the daily frame with negation of its lower highs formation in the last two sessions.
[00:01:03] India Wix was slightly up to 14.5 levels, Nifty Wood Call Ratio increased to 1.06.
[00:01:11] Option data suggest a broader trading range in between 23,200 to 24,300,
[00:01:18] while immediate range is in between 23,500 to 24,000 levels.
[00:01:25] Moving on to the second segment in the equity cash market,
[00:01:29] FII's were net sellers to the tune of 1,783 crores,
[00:01:33] while DII's were buyers worth 1,690 crores.
[00:01:38] FII's index long-shot ratio decreased to 13.5%.
[00:01:43] Going ahead with the index actionable, Derritor's data and price set-up suggest Nifty has to hold above 23,650
[00:01:51] for an upside move towards 24,000 levels, while supports can be seen at 23,550.
[00:01:58] Till the time bank Nifty holds below 51,350, some weakness could be seen towards 50,250,
[00:02:05] while on the upside, hurdle can be seen at 51,650 marks.
[00:02:10] And finally, talking about the sectors and stocks to watch out,
[00:02:15] positive set-up can be seen in Loras Lab, Aurobinda Pharma, United Spirits, Jhupalyn Foodwork,
[00:02:22] Voltars, Mutut Finance and Kota Bank.
[00:02:25] While some weakness could be seen in Prestige, Max Financial, Cummins, Tata Alexei and Bajaj Auto.
[00:02:32] Wish you a super trading day ahead!
[00:02:34] Shivangi Sadda signing off.
[00:02:36] Follow this podcast for solid advice.
[00:02:52] Investments and Securities Market are subject to market risk.
[00:02:55] Read all the related documents carefully before investing.
[00:02:58] existing.