Join Shivangi Sarda for today’s Market Insights with Motilal Oswal as we break down the latest market moves, including the Union Budget 2025 highlights and its impact on key sectors like textiles, defence, and housing. We’ll also dive into the Nifty and Bank Nifty's strong performance, technical setups, and the stocks you need to watch right now. Whether you're a trader or investor, this episode has the insights to help you stay ahead in today’s dynamic market.
*Keywords:* Union Budget 2025, Nifty, Bank Nifty, stock market, technical analysis, market trends, equity market, stock picks, investment strategy.
[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. Hey, this is your host Shivangi Sarada and let's look at what happened globally.
[00:00:26] Union budget today and focus will be majorly on sectors and expectation on the middle class budget. Sectors to be focused on textiles, defence, rail, FMCG, tax rebate on housing sectors, rising limit on housing loan interest rates. US markets, however, declined after US President Trump confirms 10% tariffs on China and 25% on Mexico and Canada.
[00:00:52] To start with our first segment for Saturday, 1st February, 2025, Nifty Index opened flattish and witnessed good buying interest as bulls seized control right from the first dig. The index moved up steadily throughout the day and crossed the 23,500 psychological mark. Every small dip was quickly bought, showing the strength of the bulls. Index gave the range breakout of a falling channel and closed with gains of around 250 points.
[00:01:20] It formed a bullish candle on the daily frame and has started forming higher highs, higher lows from the last four trading sessions. India Wix was down by 6.6% to 16.2 levels. Nifty put-call ratio increased to 1. Option data suggest a broader trading range in between 23,100 to 24,000 levels, while immediate trade is in between 23,300 to 23,800.
[00:01:47] Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 1,189 crores, while DIIs for buyers were 2,232 crores. FIIs indexed long-shot ratio increased to 12%.
[00:02:05] Going ahead with the index actionable, derivatives data and price setup suggest Nifty has to hold above 23,350 for an up move towards 23,700 and 23,800, while support can be seen at 23,350 and 23,100 zones. FIIs indexed long-shot ratio, while Nifty has to hold above 49,250 for an up move towards 50,250, while support can be seen at 49,000 zones.
[00:02:33] And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Tata Consumer, IRCTC, IRP, IRFC, MGL, NHPC, PNB, Nestle and Kohl India. While some weakness could be seen in Jindal Steel and Power, Bank of Baroda, KPIT Tech, Torrent Pharma, Ramco Cement and Voltas. Wish you a super trading day and a lovely weekend ahead.
[00:03:02] Shivangi Sarda signing off. Follow this podcast for solid advice.