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] [SPEAKER_00]: Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk.
[00:00:05] [SPEAKER_00]: We will be covering technical and derivatives, FII's activity, index actionable, sectors
[00:00:10] [SPEAKER_00]: and stocks to watch out.
[00:00:12] [SPEAKER_00]: So stay tuned till the end.
[00:00:23] [SPEAKER_00]: Hey, this is your host Shivangi Sarda and to start with our first segment for Tuesday
[00:00:28] [SPEAKER_00]: 13th August 2024, Nifty index opened slightly negative and after dropping in the initial
[00:00:35] [SPEAKER_00]: it took support near 24,200 and witnessed a steep recovery of 260 points.
[00:00:42] [SPEAKER_00]: It was followed by some range-bound move and finally gave up its intraday gains in the
[00:00:47] [SPEAKER_00]: last hour.
[00:00:48] [SPEAKER_00]: It did form a small-bodied, doachy sort of a candle with equal shadows on either
[00:00:53] [SPEAKER_00]: side.
[00:00:54] [SPEAKER_00]: Now India wicks was up by around 3.5% to 15.87%.
[00:00:59] [SPEAKER_00]: Volatility has been overall cooling off from the last 5 sessions and converting
[00:01:03] [SPEAKER_00]: the bulls for support-based buying.
[00:01:06] [SPEAKER_00]: But Nifty put call ratio was slightly down to 1.03.
[00:01:10] [SPEAKER_00]: Now option data suggest a broader trading range in between 24,000 to 24,700 while
[00:01:17] [SPEAKER_00]: immediate range is in between 24,100 to 24,500.
[00:01:22] [SPEAKER_00]: Moving on to the second segment in the equity cash market, FII's were net sellers
[00:01:28] [SPEAKER_00]: to the tune of 4,681 crores while DII's were buyers worth 4,478 crores.
[00:01:37] [SPEAKER_00]: FII's indexed long-short ratio increased to 51.5%.
[00:01:42] [SPEAKER_00]: Going ahead with the index actionable, Devita's data and price setup suggest
[00:01:47] [SPEAKER_00]: Nifty has to hold above 24,350 for an up move towards 24,500 then 24,650.
[00:01:55] [SPEAKER_00]: While supports are placed at 24,200 then 24,100.
[00:02:01] [SPEAKER_00]: Now talking about Bank Nifty, it has to continue to hold above 50,350 for a bounce
[00:02:07] [SPEAKER_00]: towards 50,850 then 51,000 levels.
[00:02:11] [SPEAKER_00]: While on the downside, support can be seen at 50,250 then 50,000 levels.
[00:02:17] [SPEAKER_00]: And finally talking about the sectors and stocks to watch out, profit booking was
[00:02:22] [SPEAKER_00]: seen in most of the sectors barring a few selective stocks.
[00:02:26] [SPEAKER_00]: Now Nifty requires a decisive hold above 24,350 for a further upside.
[00:02:32] [SPEAKER_00]: So stock specific strength could be seen and stocks to keep on radar would be
[00:02:36] [SPEAKER_00]: ONGC, MGL, MCX, HDFC Bank, HDFC AMC, Crandmills, Glenmark, Federal Bank,
[00:02:45] [SPEAKER_00]: Coromandel, Chumbul Fertilizers, Voltas, Trent and Petronet.
[00:02:51] [SPEAKER_00]: Wish you a super trading day ahead.
[00:02:53] [SPEAKER_00]: For more such detailed analysis don't forget to follow this podcast.
[00:02:56] [SPEAKER_00]: This is Shivangi Sarda signing off.