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 the Motilal Oswal Research Test. We will be covering technical and derivatives, FII's activities, index actionable, sectors and stocks to watch out. So stay tuned till the end.
[00:00:15] Hey, this is your host, Sharan Ki Sarda and to start with our first segment for Tuesday 11th June 2024. Nifty Index opened positive and went on to touch a fresh all-time high of 23,411 and remained in the range of its opening dick throughout the day.
[00:00:45] Followed by sub-profit booking towards the end, it took support at 23,227 and closed with marginal losses near 23,216. Inter-EwiX was down by another 2.5% to 16.4 levels. Volatility has cooled off from its significant highs and converting the bulls. Nifty Putcore Ratio marginally decreased to 0.97. Now this fall in India weeks along with
[00:01:13] a stable Putcore Ratio indicates that there is support-based buying. Option data suggests a broader trading range in between 22,700 to 23,700 while immediate change is in between 23,000 to 23,500. Moving on to the second segment in the equity cash market, FII's were net buyers to the Europe 2,572 crores while the IIs were
[00:01:42] buyers worth 2,764 crores. FII's indexed long-short ratio increased to 34%. Going ahead with the index actionable, derivatives data and price setup suggests Nifty has to hold above 23,200, fall an upside move towards 23,500 then 23,700 whereas support's uplaced at 23,100 then 23,000. Bank Nifty has to continue to hold
[00:02:15] about 49,500, fall an up move towards 50,000 and then 50,500 while on the downside support is shifting higher to 49,500 then 49,250. And finally talking about the sectors and stocks to watch out, positive starts were seen in most of the sectors while some profit
[00:02:39] taking in IT and metal dates. Most of the key ministries remain same with the existing ones so momentum is likely to continue and those sectors are likely to do well and outperform. So now the next focus is also on the upcoming budget.
[00:02:58] Stocks to keep on radar, some of the rural specified names in the auto pack which includes Hero Motocop and TDS Motop. Cement space focusing on the infrared theme which includes Rambo Cement and UltraTech. Portalizer space which includes Chumper Portalizer ahead of the
[00:03:22] Wonsun showers. Finally, Bharti A10 which is showing smart recovery and holding on to its higher souls. Wish you a great trading day ahead for more such detailed analysis don't forget to follow this podcast. This is Shivangi Sardar signing off. Investment and securities market are
[00:03:55] subject to market risk. Read all the related documents carefully before investing.