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 Motilal Oswal Research Depth.
[00:00:05] We will be covering technical and derivatives SIRs 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 Shivangi Sardar and to start with our first segment for Friday 13 September 2024
[00:00:28] let's dive right into Nifty which opened positive near 25,000 marks
[00:00:33] and while it remained range about in the first half of the day, it fired up in the next half
[00:00:38] and touched a fresh all-time high of 25,433 marks.
[00:00:43] It moved by spectacular 500 points in just a couple of hours
[00:00:47] and closed with massive gains of around 470 points.
[00:00:51] It formed a bullish candle on the daily frame and gave the highest ever closing.
[00:00:55] In India, August's inflation rate came to 3.4% which is below the RBI's projection of 4%.
[00:01:03] The global market rally, solid NFIA is buying interest in the domestic equity
[00:01:08] and stable inflation data are expected to have a positive impact in the market.
[00:01:13] Any declines are likely to be present as a combined opportunity.
[00:01:17] Anticipate this rally to continue to new milestones.
[00:01:21] India's risk was down by 3.3% to 13.2 levels.
[00:01:25] Nifty put call ratio increased to 1.44.
[00:01:28] Option data suggest a broader trading range in between 25,000 to 25,800
[00:01:34] while immediate range is in between 25,200 to 25,600.
[00:01:40] Moving on to the second segment in the equity cash market,
[00:01:43] FRIs were net buyers to the tune of 7,695 crores
[00:01:48] while DIIs were sellers worth 1,800 crores.
[00:01:52] FRIs indexed long-shot ratio increased to 65.5%.
[00:01:57] Going ahead with the index actionable, derivatives data and price setup suggest
[00:02:02] Nifty has to hold above 25,350 for an up move towards 25,500
[00:02:08] then new highs of 25,750 levels
[00:02:12] while supports are placed at 25,250 then 25,100.
[00:02:17] Bank Nifty has to hold above 51,500 for an up move towards 50,000 then 52,250
[00:02:25] while on the downside support can be seen at 51,500 then 51,250 monks.
[00:02:32] And finally talking about the sectors and stocks to watch out
[00:02:35] positive starts was seen in the sectors across board with a smart comeback of
[00:02:41] builds and FRIs buying.
[00:02:43] Positive setup can be seen in most of the sectoral indices
[00:02:46] as broader market was holding firm with fantastic advanced decline ratio.
[00:02:51] Now stocks to keep on the dark with massive attraction
[00:02:54] encounters like NFDC, Nalco, Balram Karchini, Bharti et al.
[00:02:59] LIC housing finance, Aideeha, Hidalco, Jindal Steel,
[00:03:03] Vedanta, Page India, NDPC and Auto Farmer
[00:03:07] which you a super trading day ahead.
[00:03:09] Shivangi Sardar, Sinegolf.
[00:03:11] Follow this podcast with solid advice.
[00:03:26] Investment and securities market are subject to market risk.
[00:03:29] Read all the related documents carefully before investing.