Global Market Update: Nifty's Weakness, Key Levels & Actionable Stock Picks*
In this episode of Indian Market in Minutes, we dive into a detailed analysis of the Nifty's recent movement and global market concerns, including FIIs selling and sector performance. Today’s episode highlights crucial levels for Nifty, with the index facing significant selling pressure. We also discuss key stocks to watch, including Laurus Labs, Bata India, and Eicher Motors.
Stay tuned for actionable insights and updates to help guide your market strategy. *Follow for daily updates and solid trading advice
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end.
[00:00:22] Hey, this is your host Shivangi Salda and to start with our first segment for Tuesday 25th February 2025, Nifty Index opened with a gap down of over 180 points near 22,600 zone, breaking down of its range from the last eight trading sessions. Throughout the day, the index traded within a tight band of 100 points with swings occurring within the range and finally closed with losses of around 240 points.
[00:00:47] On the daily frame, it formed a bearish candle with long upper shadow indicating strong selling pressure at the higher levels. India Wix was down by another 0.5% to 14.4 levels. Nifty put call ratio decreased to 0.71. Option data suggests a broader trading range in between 22,000 to 23,000 levels, while immediate range is in between 22,400 to 22,800.
[00:01:14] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 6,287 crores, while DIIs were buyers worth 5,186 crores.
[00:01:28] FIIs index long-shot ratio increased to 15.3%. Going ahead with the index actionable, derivatives data and price setup suggest, till the time Nifty holds below 22,800, weakness could be seen towards 22,250 marks, while hurdles can be seen at 22,800.
[00:01:48] Till the time Bank Nifty holds below 48,750, some weakness could be seen towards 48,000 levels, while upside hurdle can be seen at 49,000. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Loris Labs, Perja Paint, Bata, Indian Bank, Manapuram Finance, Union Bank and Indigo.
[00:02:12] While some weakness could be seen in Nalko, LTTS, HCL Tech, Oil India, Wipro, Escorts and NHPC. Wish you a super day ahead. Shivangi Saadha signing off. Follow this podcast with solid advice.