In this episode of Indian Market in Minutes with Motilal Oswal, 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 Motilal Oswal Research Test.
[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 Shivanki Sarda and let's look at what happened globally.
[00:00:26] The market is expected to open on a weak note driven by a combination of factors including poor performance in Asian markets,
[00:00:33] disappointing quarterly results and ongoing selling by the FIIs.
[00:00:38] Now to start with our first segment from Monday, 11th of November 2024,
[00:00:43] Nifty Index opened positive and witnessed a spike in the first hour of the day
[00:00:48] where it tested high of 24,274 and low of 24,067 as well.
[00:00:55] Now it was followed by consolidation throughout the day within the range of the first hour
[00:00:59] and closed near 24,150 levels.
[00:01:02] It formed a small-bodied bearish candle on the daily as well as weekly frame.
[00:01:07] Now India Wix was down by another 3% to 14,5 levels.
[00:01:12] Nifty put call ratio slightly increased to 0.91.
[00:01:16] Option data suggests a broader trading range in between 23,700 to 24,500 levels,
[00:01:24] while a neutral range is in between 23,850 to 24,400 levels.
[00:01:29] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3,404 crores,
[00:01:39] while DIIs were buyers worth 1,748 crores.
[00:01:44] FIIs indexed long-shot ratio marginally decreased to 24%.
[00:01:49] Going ahead with the index actionable,
[00:01:52] Debit of SETA and price setup suggest Nifty has to hold above 24,150 for a bounce towards 24,500 levels,
[00:02:02] while supports can be seen at 23,900.
[00:02:05] Till the time banked Nifty holds below 51,750,
[00:02:09] some weakness could be seen towards 50,850 levels,
[00:02:14] while on the upside, hurdle can be seen at 52,000 levels.
[00:02:18] And finally, talking about the sectors in stocks to watch out,
[00:02:23] positive stance can be seen in selective stocks,
[00:02:26] which include some of the names from IT,
[00:02:29] Wipro, Infosys, Coforge and OFSS looks quite good.
[00:02:33] From the consumption space, we have Indian Hotel and Jubilant Fort,
[00:02:36] witnessing fresh buying and long build-up.
[00:02:39] While some weakness could be seen in Aarti Industry, Petronet,
[00:02:43] Cothridge Property, Indus Tower, Mother Sun, RBN Bank, AU Bank,
[00:02:47] Trend, Asian Paint and Berger Paint.
[00:02:50] Wish you a super trading day and a lovely week ahead.
[00:02:54] Shivandi Sardar signing off.
[00:02:56] Follow this podcast for solid advice.
[00:03:11] Investment and securities market are subject to market risk.
[00:03:15] Read all the related documents carefully before investing.