Ready to take your trading game to the next level? In this episode of Indian Market in Minutes, Shivangi Sarda from the Motilal Oswal Research Desk unpacks today's key market moves and actionable insights.
Global markets rally, strong December auto sales, and positive corporate updates drive optimism—but what about the risks? Shivangi dives deep into Nifty's and Bank Nifty's performance, sectoral trends, and the stocks to keep on your radar.
🎯 Highlights include:
- 📊 Nifty and Bank Nifty: Key levels, trading ranges, and action zones.
- 🛑 FIIs vs DIIs: Who's leading the cash market?
- 🔥 Stock picks: Titan, SBI Cards, Bata India, and more.
- ⚠️ Watchlist: Stocks showing weakness like Tata Chemical and Delhivery.
🔗 Don’t miss out—follow for expert tips and solid trading strategies tailored for success.
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⚠️ Disclaimer: Investments are subject to market risks. Read all related documents carefully before investing."
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Desk. 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 Saarda and let's look at what happened globally.
[00:00:26] The market is expected to open on a positive note driven by a rally in the global markets, strong December auto sales, expectations of a favourable union budget and positive corporate quarterly updates, all of which are likely to boost investor sentiments.
[00:00:42] To start with our first segment for Monday 6th January 2025, Nifty index opened flattish but failed to surpass its previous day's high zones and drifted low up.
[00:00:53] It broke 24,000 during the day but managed to close above the same with losses of around 180 points.
[00:00:59] It formed a bearish candle on the daily frame and failed to continue its bullish momentum over the last trading session.
[00:01:06] It formed a bullish candle on weekly basis with longer lower shadows indicating swings and support-based buying.
[00:01:14] India mix was down by around 1% to 13.6 levels.
[00:01:19] Nifty put call ratio decreased to 0.86.
[00:01:22] Option data suggests a broader trading range in between 23,500 to 24,400 levels, while immediate trade is in between 23,700 to 24,200 levels.
[00:01:35] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 4,227 crores, while DIIs were buyers worth 8.21 crores.
[00:01:49] FYI's index long-shot ratio decreased to 17%.
[00:01:53] Going ahead with the index actionable, Territish's data and price setup suggest Nifty has to hold above 24,000 for a bounce towards 24,250 and 24,400 marks.
[00:02:05] Or a hold below the same could see some downside move towards 23,750.
[00:02:12] Talking about Bank 50, this index needs to hold above 51,000 for a bounce towards 51,650.
[00:02:19] While a hold below the same could see some weakness towards 50,500.
[00:02:23] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in IGL, SPI Cards, Jupalin Foodworks, Barta, Union Bank, Titan and Max Healthcare.
[00:02:37] While some weakness could be seen in Nalko, Delivery, Jindal Stainless Steel, Tata Chemical and Balkishna Industries.
[00:02:45] Wish you a super trading day ahead.
[00:02:48] Shivangi Sarda signing off.
[00:02:49] Follow this podcast for solid advice.