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 G Search Dev.
[00:00:05] We will be covering technical and derivatives SII's activity, index, actionable sectors
[00:00:10] 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 let's look at what happened globally.
[00:00:27] Geopolitical tensions are likely to result in a weak opening for domestic equity markets.
[00:00:32] Over the past two trading sessions, markets in Asia, Europe and the US have declined
[00:00:36] due to tensions in the Middle East.
[00:00:38] To start with our first segment for Thursday, 3rd of October 2024, Nifty index opened negative
[00:00:44] and after the recovery in the Gnisha Rittik, it slipped lower and moved in the lower band
[00:00:49] with swing.
[00:00:50] The second half of the session witnessed lackluster move and it formed a toji-sword of a candle
[00:00:54] of the daily frame with longer upper shadow indicating pressure at the higher zones.
[00:01:00] India Wix was down by 6.5% to 12 levels.
[00:01:03] Nifty put call ratio decreased to 0.83.
[00:01:07] Option data suggests a broader trading range in between 25,400 to 26,200 zones while immediate
[00:01:15] range is in between 25,600 to 26,100.
[00:01:20] Moving on to the second segment in the equity cash market, FIIIs were net sellers
[00:01:25] to the tune of 5,579 crores while DIIIs were buyers worth 4,610 crores.
[00:01:32] FIIIs index long-shot ratio decreased to 79.4%.
[00:01:38] Going ahead with the index actionable, debatable data and price setup suggests there is a shift
[00:01:44] in the trading band for both Nifty and Bank Nifty due to the geopolitical tensions.
[00:01:49] Now 10 Nifty holds below 25,850, some weakness could be seen towards 25,650 then 25,500
[00:01:57] while hurdles are placed at 26,000 zones.
[00:02:00] Till Bank Nifty holds below 53,250 some weakness could be seen towards 52,500 while on the
[00:02:07] upside hurdle can be seen at 53,250 levels.
[00:02:12] And finally talking about the sector's in stocks to watch out.
[00:02:15] Positive setup was seen in a few pockets which included IT, pharma, auto and
[00:02:20] fertilizer space stocks.
[00:02:21] Now positive setup can be seen in Nalco from the metal space, Chumble fertilizer
[00:02:26] from the fertilizer pack while Rampool Chini should have some swings from the
[00:02:30] sugar pack, M&M from the auto space and Laspid Nautnity's Britannia from the FMCG
[00:02:35] space. While some weakness could be seen in Motul Finance, Indian Bank, PNB,
[00:02:41] Auro Pharma, BSOC, Data Motors and Indus Tower.
[00:02:44] Wish you a super trading day ahead.
[00:02:46] Shivangi Sardar signing off.
[00:02:48] Follow this podcast for solid advice.
[00:03:03] Investment and securities market are subject to market risk.
[00:03:07] Read all the related documents carefully before investing.