Join your host Shivangi Sarda as we dive into today's market highlights, including technical and derivatives analysis, FII activity, index actionable insights, and key sectors and stocks to watch.
Stay tuned for an in-depth look at Nifty's remarkable gap up, volatility trends, and the bullish outlook across various sectors.
Don't miss out on actionable advice to navigate today's trading opportunities.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Test.
[00:00:05] Let's skip the intro and let's dive in because Nifty has opened gap up around 800 points
[00:00:11] in the last four years.
[00:00:23] This is your Voshevangi Sardar and to start with our first segment for Tuesday 4th June
[00:00:28] 2024.
[00:00:30] Nifty index opened positive and touched a fresh all-time high of 23,338 in its opening
[00:00:37] dig itself.
[00:00:38] It remained positive to range-bound for the rest of the session.
[00:00:42] India Weeks crashed and was down by 16% to 21 zones.
[00:00:47] Valkhliity cooled down to 19 levels and converted the pools to ride the index at lifetime high
[00:00:53] zones.
[00:00:54] Now, Weeks is likely to fall further to 16 to 18 zones which may resume bullish dance
[00:01:00] for a smoother ride in the market.
[00:01:02] Nifty put call ratio increased to 1.04.
[00:01:07] Indian data suggests a broader trading range in between 22,800 to 24,000 while immediate
[00:01:14] range is between 22,900 to 23,600.
[00:01:19] Moving on to the second segment.
[00:01:21] In the equity cash market, FYI's were net buyers to the Cheonob 6,851 crores.
[00:01:28] DII's were buyers worth 1,914 crores.
[00:01:32] FYI's index long-short ratio increased to 28%.
[00:01:37] Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold
[00:01:44] above 23,110 for an upside move towards 23,500 then 23,700 zones whereas supports uplays
[00:01:54] at 23,000 then 22,795.
[00:01:58] Nifty has to continue to hold above 50,500 for a lifetime high of 51,500 then 52,500 while
[00:02:07] on the downside support is seen at 50,500 then 50,000 levels.
[00:02:14] And finally talking about the sectors and stocks to watch out, positive stance was
[00:02:19] seen in all sectors across board.
[00:02:23] Stocks to keep on red out.
[00:02:25] Next up the auto index which is holding at its new lifetime high trading widths trend
[00:02:30] are the charge auto and M&M.
[00:02:33] From the capital goods space we have Bheil.
[00:02:37] From the CPSC index which is likely to see a fresh neck of bullish momentum are HAL,
[00:02:42] IRCTC, NTPC and COLE India.
[00:02:47] From the banking space we have SBI and Axis Bank where we can see that bulls
[00:02:51] are back to cheer the banking space.
[00:02:55] Karthi Etten has taken a good support and we can see buying there.
[00:03:00] Dixon is getting ready for the next Legos rally.
[00:03:04] Wish you a great trading day and exciting day ahead.
[00:03:07] For more such detailed analysis don't forget to follow this podcast.
[00:03:11] This is Shivam V. Sardar Steynigor.
[00:03:26] Investment and securities market are subject to market risk.
[00:03:29] Read all the related documents carefully before investing.