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 Motilal Oswal Research Dev.
[00:00:05] We will be covering technical and derivatives SII's activity, index, actionable sectors and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:22] Hey this is your host Shivani Sardha and to start with our first segment for Tuesday 3rd September 2024,
[00:00:29] Nifty Index opened gap up at a new lifetime high of 25,333
[00:00:34] and slipped in the first half of the session but respected 25,235 miles.
[00:00:40] Now Nifty has created a history by continuing its winning streak from the last 13th session.
[00:00:47] It recovered slightly in the second half of the day to finally close in gains of around 40 points.
[00:00:52] It formed a small bodyed bearish candle on the daily frame with longer lower shadow indicating absorption at dips.
[00:00:59] It gave the highest ever closing and has been making higher highs from the last 6 sessions.
[00:01:05] India Wix was up by 5% to 14.06 levels.
[00:01:10] Nifty put call ratio slightly decreased to 1.18.
[00:01:14] Now volatility slightly inched higher to create moment dip but is at competitively at lower levels and paving way for the bulls.
[00:01:22] Option data suggests a broader trading range in between 24,900 to 25,800 while immediate range is in between 25,000 to 25,600.
[00:01:34] Moving on to the second segment in the equity cash market, FRIs were net buyers to the TULO 1,735 crores while DII's were buyers worth 356 crores.
[00:01:46] FRIs index long shot ratio decreased to 70%.
[00:01:50] Going ahead with the index actionable, derivative data and price setup suggests,
[00:01:56] Nifty has to continue to hold above 25,200 for the next up-move towards 25,400 then 25,500 while supports can be seen at 25,100 then 25,000 crores.
[00:02:11] Vant Nifty has to continue to hold above 51,250 for an up-move towards 51,750 then 52,000 levels while supports can be seen at 51,250 then 51,000 levels.
[00:02:26] And finally talking about the sector that stocks to watch out, positive stance was seen in financial, auto and selective consumption stocks.
[00:02:34] The stocks to keep on radar from the financial space we have Bajaj twins which makes it Bajaj Finselve and Bajaj Tenance, M&M Financial, Max Financial and Chula Fin which is looking quite positive.
[00:02:47] From the insurance space we have SPI in LICE, auto remains intact and we have Hero Moto-Corp in Bajaj, auto looking quite positive.
[00:02:55] From the IT space we have HCL Tech still holding on.
[00:02:59] Last but not the least from the FMCG space we have Pity Knight and Britannia looking quite good.
[00:03:05] We test can be seen in NMDC, Siemens, Beale and Zidus Life.
[00:03:09] Wish you a super trading day ahead.
[00:03:11] Shivani Sarda signing off.
[00:03:13] Follow this podcast for solid advice.
[00:03:28] Investment and securities market are subject to market risk.
[00:03:32] Read all the related documents carefully before investing.