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.
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[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Dev. We will be covering technical and derivatives, FII's activity, index actionable, sectors and stocks to watch out. So stay tuned till the end.
[00:00:14] Hey this is your host Shivangi Sardha and to start with our first segment for Tuesday, 18 June 2024, Nifty Index Open Positive above 23,450 and the main positive to range bound in between 2333 to 23490 levels. It continued the formation of higher lows of the last three trading sessions and supports
[00:00:46] our gradually shifting higher in this index. India weeks was down by another 5% to 12.8. Volatility has been falling down from the last two weeks which is comforting to bulls. Nifty put call ratio increased to 1.3.
[00:01:03] Now this fawn in India weeks along with the rising put call ratio indicates that very strong support base buying is visible. Option data suggests a broad out trading range in between 23,000 to 23,800 while immediate range is in between 23,200 to 23,600.
[00:01:24] Moving on to the second segment in the equity cash market, FII's were net buyers to the TULOP 2176 crores while DII's were buyers worth 656 crores. FII's index long shot ratio improved to around 50%. Going ahead with the index actionable, derivatives data and price setup suggests Nifty has to
[00:01:48] continue to hold above 23,400 to extend the move towards 23,550 then 23,700 whereas supports are placed at 23,400 then 23,250. Bank Nifty has to continue to hold above 49,750 for an up move towards 50,250 then 50,650 while support shifts higher at 49,750 then 49,500. And finally talking about the sectors and stocks to watch out, positive stance was
[00:02:24] seen in cement and construction, intra-related stocks, auto banking, metals while some profit taking in IT and minor consumption names. Stocks to keep on retard are HAL and BEL from the defense space, auto pack is holding strong out of which M&M looks quite promising.
[00:02:44] We've seen a good move and momentum in the shipping space like coaching shipyard and Vaskar outdoor. And finally Titan is giving a fresh breakout. Wish you a super trading day ahead. For more such detailed analysis, don't forget to follow this podcast. This is Shivangi Sardar, sliding off.
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