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.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Day.
[00:00:15] Hey, this is your host, Shivangi Sardar and let's know what happened globally.
[00:00:19] The domestic market is likely to open positive and likely to continue the upward momentum
[00:00:25] due to the robust FRIs interest, record high US markets and dovish remarks from the
[00:00:31] US Fed officials regarding potential interest rate cuts.
[00:00:34] To start with our first segment for Monday, 23 September 2024,
[00:00:39] Nifty index opened positive above 25,500 and witnessed a gradual uproof in the first half
[00:00:45] of the session. It witnessed a steep decline mid-day which was followed by even steeper recovery
[00:00:51] and index moved by more than 400 points from its intraday lows. It touched a fresh
[00:00:57] oil time high of 25,849 in the last hour and closed with massive gains of around 400 points.
[00:01:05] It formed a strong bullish candle both on the daily and weekly frame and gave a decisive
[00:01:09] breakout over the last three weeks. India which was slightly up by 2.5% to 12.8 levels.
[00:01:16] Nifty put-call ratio jumped to 1.5 levels. Option data suggests a broader trading
[00:01:23] range in between 25,300 to 26,300 while immediate range is in between 25,600 to 26,000 levels.
[00:01:32] Moving on to the second segment in the equity cash market, FRIs were net buyers to the
[00:01:38] tune of 14,064 crores while DIIs were net sellers worth 4,427 crores. FRIs index
[00:01:46] low-shot ratio increased to 76%. Going ahead with the index actionable,
[00:01:52] derivatives data and price setup suggests, Nifty has to hold above 25,750 for the next
[00:01:58] uproof towards 26,000 then 26,200 while supports are placed at 25,650 then 25,500.
[00:02:08] Bank Nifty has to hold above 53,500 for an uproof towards 54,250 then 54,500 while on the downside
[00:02:18] support drift higher to 53,500 then 53,333. And finally talking about the sectors and stocks
[00:02:27] to watch out, positive stance was seen in all the sectors across board. Now stocks to keep
[00:02:33] on radar, from the auto space we have Scots and Eminem, from the metal pack, JSW steel looks quite
[00:02:40] positive. From the banking names we have ICICI Bank which is holding onto the higher zones
[00:02:46] and driving Bank Nifty. From the reality space we have DLF and Godrish property now gaining strength.
[00:02:54] From the other sectors we have NLT, McDowell, Bharti Airtel, Havels, Indian Hotel and
[00:02:59] Hindustan Unilever looking quite good. Some weakness could be seen in Glenmouth, Concord,
[00:03:05] Prasim, Auro Pharma, SBI, Kutrad Gas, Loris Lab, Tranwilts and Federal Bank. Wish you a super
[00:03:13] trading day ahead and a lovely week too. Shivangi Sardar signing off. Follow this podcast for
[00:03:18] solid advice. Investment and securities market are subject to market risk. Read all the
[00:03:37] related documents carefully before investing.