Kickstart your trading day with the latest market updates! In this episode, Shivangi Sarda breaks down:
- ЁЯФ╣ Key Nifty and Bank Nifty levels to watch for Dec 26, 2024.
- ЁЯФ╣ Actionable insights into top-performing sectors and stocks like Indigo, Dr. ReddyтАЩs, and Jubilant Food.
- ЁЯФ╣ Weakness observed in SAIL, TATA Steel, and Mphasis.
Discover essential equity market trends, FII/DII activity highlights, and derivative setups that traders can't afford to miss.
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.
ЁЯУК Follow this podcast for daily market insights and expert trading advice!
ЁЯТ╝ Disclaimer: Investment in securities is subject to market risks. Please read all related documents carefully before investing."
[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. 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 Sarada and let's look at what happened globally.
[00:00:26] The market is expected to open on a positive note due to record high US market closings and a strong start in the Asian markets.
[00:00:34] To start with our first segment for Thursday, 26th December 2024, Nifty Index opened flat to positive and witnessed a quick pullback move after the initial drop.
[00:00:45] It slowly cascaded thereafter but magnitude was less and the index traded in a narrow band of 160 points.
[00:00:53] It formed a doji candle and an inside bar on the daily frame and has been making multiple dojis and a narrow range on the daily basis.
[00:01:01] India Wix was down by another 2.5% to 13.2 levels.
[00:01:07] Nifty put call ratio increased to 0.94.
[00:01:10] Option data suggest a broader trading range in between 23,200 to 24,200 while immediate range is in between 23,500 to 23,900.
[00:01:22] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 2454 crores while DIIs were buyers worth 2819 crores.
[00:01:36] FIIs index long-shot ratio decreased to 24%.
[00:01:40] Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold above 23,700 for a bounce towards 23,900 then 24,000 levels while support can be seen at 23,600 and 23,500.
[00:02:00] Till the time band Nifty holds below 51,500, some weakness could be seen towards 51,000 then 50,600.
[00:02:08] While on the upside, hurdle can be seen at 51,500 then 51,650.
[00:02:15] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Indico, UBL, Jubiland Food, Knockree, HPCL, Dr. Reddy and Granules.
[00:02:28] While some weakness could be seen in Siemens, Sale, Nalko, ChSW Steel and Hindalco.
[00:02:34] Wish you a super trading day ahead.
[00:02:36] Shivangi Sarada signing off.
[00:02:38] Follow this podcast for solid advice.
[00:02:54] Investment and securities market are subject to market risk.
[00:02:57] Read all the related documents carefully before investing.