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
[00:00:10] and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:15] Hey this is your host Shivangi Sardha and to start with our first segment for Monday,
[00:00:26] 2nd September 2024, Nifty Index opened the gap up by more than 100 points and after
[00:00:32] the shield touched a lifetime high of 25,268, it remained consolidator in a range for the
[00:00:38] rest of the day.
[00:00:39] Now it did form a small body gaggle on the daily train and leave the highest ever closing.
[00:00:44] The index has been shifting its pace higher gradually and making higher highs from the
[00:00:49] last 5 sessions.
[00:00:50] It has given a decisive break up in the weekly basis with a strong bullish candle and closely
[00:00:55] aware its higher ban with higher highs higher lows sequence for the last 3 weeks.
[00:01:00] Itaewicks was down by 3% to 13.4 levels.
[00:01:05] Nifty put call ratio marginally decreased to 1.41.
[00:01:08] Now volatility has been cooling off from the higher zones and a higher put call ratio
[00:01:14] suggests that bullish market stance is supporting.
[00:01:17] Option data suggests a broader trading change in between 24,800 to 25,700 while immediate
[00:01:24] range is in between 25,000 to 25,600.
[00:01:29] Moving on to the second segment in the equity cash market, FRIs went into buyers to the
[00:01:34] tune of 5,318 crores while the TRIs were settled over 3,198 crores.
[00:01:41] FRIs indexed long shot ratio increased to 72%.
[00:01:46] Gold prices dipped by half percent of Friday, trimming this month's advance as stretching
[00:01:51] yields and the dollar pushed higher after key US inflation got reinforced bets that the
[00:01:58] federal reserves base for trade cuts will be measured.
[00:02:01] Going ahead with the Indian market, derivatives data and price setup suggests Nifty has to
[00:02:06] continue to hold above 25,100, followed up move towards 25,350 then 25,500 while supports
[00:02:14] are placed at 25,000 then 24,850.
[00:02:18] Now Bank Nifty has to continue to hold above 51,000 for it up move towards
[00:02:23] 5,100, then 50,000 levels while on the doubt side support can be seen at 50,800.
[00:02:31] And finally talking about the sectors and stocks to watch out, positive stance was
[00:02:36] seen in farmers, cement, banking, auto and chemical stocks.
[00:02:40] Now stocks to keep on radar from the farmer space we have Glenmark, Alcum, Stifla,
[00:02:45] Stingene and Davies lab looking quite positive.
[00:02:48] From the IT space we have Persistent and Cove Forge holding on to its higher souls.
[00:02:53] Last but not least from the auto space we have the Jarge Auto and Hero MotoCorp which
[00:02:58] is gaining strength again.
[00:03:00] Weakness could be seen in Federal Bank, APFRL, NMDC and ART industries.
[00:03:05] Wish you a super trading day ahead and don't forget to follow this podcast.
[00:03:10] Shivangi Sardar signing off.
[00:03:24] Investment and securities market are subject to market risk.
[00:03:28] Read all the related documents carefully before investing.