Nifty's Record-Breaking Streak- Will it Continue?

[00:00:00] [SPEAKER_00]: Welcome to Indian Market in Minutes from Motilal Oswal, Gisarj Dev. We will be covering technical and

[00:00:06] [SPEAKER_00]: derivatives SIR's activity, index actionable sectors and stocks to watch out. So stay tuned till the end.

[00:00:22] [SPEAKER_00]: Hey, this is your whole Shivandhi Sardar and to start with our first segment for Wednesday 4th

[00:00:27] [SPEAKER_00]: September 2024. Nifty Index opened positive above 25,300 but slipped lower from its opening

[00:00:35] [SPEAKER_00]: It remained consolidated with an narrow range of around 50 to 60 points from most part of the

[00:00:40] [SPEAKER_00]: tip. It respected its previous days, though, of exactly 25,000 to 35 won and witnessed some

[00:00:47] [SPEAKER_00]: recovery towards the second half of the session. Now Nifty continues its first-ever winning

[00:00:52] [SPEAKER_00]: streak record of the last 14 sessions. It formed a small body perished can do up daily frame with

[00:00:58] [SPEAKER_00]: longer lower shadow indicating absorption at any minor tips. Now it del wicks with style bar on one

[00:01:04] [SPEAKER_00]: half percent to 13.8 levels. Nifty put called ratio increase to 1.2.

[00:01:10] [SPEAKER_00]: Boltly D has speed-hopping in a narrow band added slower soans which is spaving way for the

[00:01:15] [SPEAKER_00]: both. Option data suggest a broader trading change in between 24,900 to 25,700. While

[00:01:22] [SPEAKER_00]: an immediate change is in between 25,000 to 25,500. Moving on to the second segment in the

[00:01:34] [SPEAKER_00]: 20 crores. While D IIs were net buyers worth 1,896 crores. FIIs indexed long short ratio

[00:01:42] [SPEAKER_00]: marginally increased to 70.2%. Markets are anticipated to open on a week note due to significant

[00:01:49] [SPEAKER_00]: decline in the global market but overall declines could be brought due to strength in our

[00:01:54] [SPEAKER_00]: ended market. Now the lower than expected US-manifight shing PMI data and a sharp 9% drop

[00:02:00] [SPEAKER_00]: in the check giant half pulled the US market stone. Going ahead with the index actionable

[00:02:05] [SPEAKER_00]: damages data at price that are suggest Nifty has to continue to hold above 25,200 for an up

[00:02:13] [SPEAKER_00]: move towards 25,400 then 25,500. While the goods can be seed at 25,100 then 25,000 zones.

[00:02:22] [SPEAKER_00]: Bank LFT has to continue to hold above 51,500 for an up move towards 52,350 to 3,50.

[00:02:31] [SPEAKER_00]: While on the down side support can be seen at 51,500 then 51,250. And finally talking about

[00:02:38] [SPEAKER_00]: the sectors and stocks to watch out, positive stance was seen in sedanshire, far-back consumption

[00:02:44] [SPEAKER_00]: and tourism related stocks. A stocks to people radar from the IT space we have

[00:02:51] [SPEAKER_00]: at the sales looking quite positive. Of the banking space we have ICICI band which is recently

[00:02:56] [SPEAKER_00]: come up with a strange from the auto space we have the two wheeler space which is looking quite

[00:03:01] [SPEAKER_00]: positive especially hero mode to call. From power we have TFC and from the financial

[00:03:06] [SPEAKER_00]: counters we have HGFC live SPI card at SPI looking quite good. Some weakness could be seen in

[00:03:14] [SPEAKER_00]: Petronate, Barricol, Sail, TNV, Hindalco, MTC and Tadda Steel. We issue a super trading data

[00:03:21] [SPEAKER_00]: head. Shivangi Sarda, Steiningall, all of this podcast was solid advice.

[00:03:39] [SPEAKER_00]: Investment and securities market are subject to market risk,

[00:03:42] [SPEAKER_00]: read all the related documents carefully before investing.